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X-WR-CALDESC:Events for ICPAK
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TZID:Europe/Moscow
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TZOFFSETFROM:+0300
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DTSTART:20260101T000000
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BEGIN:VEVENT
DTSTART;TZID=Europe/Moscow:20260216T090000
DTEND;TZID=Europe/Moscow:20260220T153000
DTSTAMP:20260423T050419
CREATED:20251221T162313Z
LAST-MODIFIED:20260220T094218Z
UID:10003234-1771232400-1771601400@www.icpak.com
SUMMARY:THE IPSAS ACCRUAL WORKSHOP 2026 with National Treasury and PSASB
DESCRIPTION:INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA\n(Established under the Accountants Act\, Laws of Kenya) \nTHE IPSAS ACCRUAL WORKSHOP 2026 with National Treasury and PSAB\nDATE: 16th to 20th February 2026\nTIME: 9:00 AM – 3:30 PM\nVENUE: Sawela Lodge\, Naivasha\nTheme: IPSAS Accrual Reporting: Lessons\, Challenges\, and Practical Improvements after the First Year \nOVERVIEW \nOver the past several years\, many public sector entities have undertaken significant public financial management reforms aimed at enhancing transparency\, accountability\, and comparability of financial information. A central pillar of these reforms has been the transition from cash or modified cash accounting frameworks to International Public Sector Accounting Standards (IPSAS) on an accrual basis. \nRecently\, a large number of entities have successfully completed their first full year of IPSAS Accrual financial reporting. This milestone represents a major institutional achievement\, reflecting extensive efforts in policy development\, systems configuration\, data migration\, asset verification\, staff training\, and change management. However\, international experience and local practice consistently demonstrate that the first year of accrual reporting is primarily a learning and stabilization phase\, rather than a point of full technical maturity. \nDuring first-year implementation\, preparers often focus on meeting statutory deadlines and achieving basic compliance\, sometimes at the expense of depth\, consistency\, and optimal application of professional judgment. As a result\, first-year IPSAS Accrual financial statements frequently exhibit common challenges\, including: \n\nIncomplete or unreliable opening balances\nInconsistent application of recognition and measurement principles\nWeak linkage between accounting policies and actual transactions\nOver-reliance on transitional exemptions and pragmatic shortcuts\nDisclosure gaps and boilerplate notes that do not fully explain financial position or performance\nRecurrent audit queries and qualifications linked to valuation\, consolidation\, and revenue recognition\n\nFurthermore\, the transition to IPSAS Accrual significantly expands the scope and complexity of financial reporting. Preparers are required to account for assets\, liabilities\, provisions\, non-exchange transactions\, and financial instruments that were previously unrecognized or only partially disclosed. This shift places heavy demands on professional judgment\, interdepartmental coordination\, and the quality of underlying data\, areas that typically remain underdeveloped in the first reporting cycle. \nAt the same time\, expectations from auditors\, oversight institutions\, development partners\, and the public increase sharply after the first year. Stakeholders anticipate not just technical compliance\, but demonstrable improvement in the credibility\, consistency\, and decision-usefulness of financial statements. Preparers are therefore under pressure to move beyond “first-time adoption mode” and begin embedding IPSAS Accrual into routine financial management processes. \nAgainst this backdrop\, there is a clear need for a post–first-year\, practice-focused capacity-building intervention. Rather than reintroducing IPSAS from first principles\, this course is intentionally designed to help preparers: \n\nReflect critically on their first-year reporting experience\nDiagnose recurring weaknesses and root causes\nAddress audit findings and strengthen documentation\nImprove judgments\, estimates\, and disclosures\nBuild confidence for second-year and subsequent reporting cycles\n\nThis course recognizes that high-quality IPSAS Accrual reporting is achieved progressively\, through iterative learning\, peer exchange\, and continuous improvement. By anchoring the training on real challenges encountered in the first year of reporting\, the course supports public sector entities in transitioning from initial compliance to robust\, sustainable\, and value-enhancing accrual-based financial reporting. \nTopics to be covered will include: \n\n\n\nDAY\nMODULE\nTOPICS\n\n\nDAY 1\nReflections on the First Year of IPSAS Accrual Implementation\n·         Objectives of IPSAS Accrual adoption \n·         Common first-year implementation challenges \n·         Key lessons learned from preparers’ experiences \n·         Expectations of auditors and oversight bodies post–Year One\n\n\nProperty\, Plant and Equipment (IPSAS 45)\, Intangible Assets (IPSAS 31) and Heritage Assets – Post-Recognition Challenges\n·         Asset verification and reconciliation issues \n·         Valuation challenges encountered in Year One \n·         Identification and recognition challenges \n·         Componentization and depreciation errors \n·         Practical improvement strategies\n\n\nRevenue (IPSAS 47) – Revenue Recognition Issues\n·         Grants\, transfers\, and donor-funded projects \n·         Conditions vs restrictions – common misinterpretations \n·         Timing of revenue recognition\n\n\nDAY 2\nFinancial Instruments and Payables/Receivables\n·         Classification and measurement challenges \n·         Impairment of receivables \n·         Practical simplifications applied in Year One\n\n\nProvisions\, Contingent Liabilities\, and Commitments (IPSAS 19)\n·         Recognition thresholds and disclosure gaps \n·         Common omissions in first-year financial statements \n·         Strengthening legal and contractual assessments\n\n\nFinancial Statement Presentation and Disclosures\n·         Improving notes to the financial statements \n·         Addressing audit observations from Year One \n·         Enhancing clarity\, consistency\, and transparency\n\n\nDAY 3\nIFMIS Re-engineering & SCOA\n·         Rationale for IFMIS re-engineering in an IPSAS Accrual environment \n·         Limitations of legacy IFMIS setups designed for cash or modified cash accounting \n·         Key accrual concepts that place pressure on IFMIS (assets\, liabilities\, depreciation\, provisions\, receivables\, payables) \n·         Overview of SCOA objectives and structure in supporting accrual-based reporting \n·         Mapping SCOA segments to IPSAS financial statement line items \n·         Common SCOA-related issues identified during first-year IPSAS Accrual reporting \n·         System-driven errors versus technical accounting errors: how to distinguish them \n·         Manual workarounds used in Year One and their risks (spreadsheets\, off-system journals) \n·         Role of IFMIS in improving data integrity\, audit trails\, and consistency \n·         Practical collaboration between preparers\, IFMIS units\, ICT teams\, and central agencies \n·         Using IFMIS reports more effectively to support IPSAS disclosures \n·         Linking budget\, programs\, and financial statements through SCOA \n·         Typical audit observations arising from IFMIS and SCOA misalignment \n·         Preparers’ role in providing feedback to IFMIS re-engineering initiatives \n·         Preparing for Year Two: priorities for system stabilization and improvement\n\n\nDAY 4\nInventory (IPSAS 12)\n\n\nScope and Key Definitions\nRecognition of Inventory\nMeasurement of Inventory\nInventory Valuation Challenges Encountered in Year One\nInventory Control and Verification\nPresentation and Disclosure Requirements\nPractical Improvements for Year Two and Beyond\n\n\n\n\nLeases (IPSAS 43)\n\n\nPurpose and scope of IPSAS 43 in the public sector\nIdentifying a lease within a contract (lease vs service)\nRight-of-use (ROU) asset and lease liability – why they matter\nRecognition criteria and common first-year misclassifications\nDetermining the lease term\, including renewal options\nInitial measurement of:\n\nROU asset\nLease liability\n\n\nDiscount rate challenges in the public sector\nTreatment of short-term and low-value leases\nSubsequent accounting:\n\nDepreciation of ROU assets\nInterest and remeasurement of lease liabilities\n\n\nPublic sector–specific lease issues (land\, buildings\, vehicles\, ICT)\nTypical audit findings after first-year IPSAS Accrual reporting\nKey disclosures and presentation requirements\n\n \n\n\n\nTARGET AUDIENCE \nThis training will be useful to professional Accountants and professionals from the Public Sector.  \n CONTINUOUS PROFESSIONAL DEVELOPMENT UNITS (CPD UNITS): \nMembers of ICPAK and reciprocating professional bodies will be awarded 20 Structured CPD Units upon successful completion of the virtual symposium. \nFINANCIAL COMMITMENT: \n\n\n\nCategory\nCharges Physical \n\n\nAssociate Members\nKes 54\,000 per Delegate\n\n\nFull Members\nKes. 59\,000 per Delegate\n\n\nNon-Member\nKes. 64\,000 per Delegate\n\n\n\nONLINE BOOKING \nRegistration: Delegates are reminded to note that online booking for the workshop is mandatory on https://www.icpak.com/event-registration/Online Booking \nWe call on interested participants to note that booking for the event is available online at www.icpak.com  and will close two hours before the training session. \nNATIONAL INDUSTRIAL TRAINING AUTHORITY (NITA) REIMBURSEMENT \nThe Institute is registered as a trainer with National Industrial Training Authority. The Institute’s registration number is DIT/TRN/47. Participants who are registered levy contributors should apply to NITA for reimbursement of their fees. Please note that this is applicable for Kenyan citizens only and subject to NITA regulations. Remember that to qualify you should apply to NITA for approval prior to the date of the conference. Further details can be obtained from their website (www.nita.go.ke) \nFurther requests can be channeled to us via telephone calls on +254 719 074 000\, or via email to marketing@icpak.com
URL:https://www.icpak.com/event/the-ipsas-accrual-workshop-2026-with-national-treasury-and-psasb/
LOCATION:Sawela Lodge\, Naivasha\, 00100\, Kenya
CATEGORIES:Local Seminars
GEO:-0.7171778;36.4310251
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BEGIN:VEVENT
DTSTART;TZID=Europe/Moscow:20260216T090000
DTEND;TZID=Europe/Moscow:20260220T153000
DTSTAMP:20260423T050419
CREATED:20251224T085407Z
LAST-MODIFIED:20260127T075227Z
UID:10003271-1771232400-1771601400@www.icpak.com
SUMMARY:THE 8th BOARD AUDIT COMMITTEE MASTERCLASS
DESCRIPTION:INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA\n(Established under Accountants Act\, Laws of Kenya) \nTHE 8th BOARD AUDIT COMMITTEE MASTERCLASS\nTheme: Transforming Audit Committees into Engines of Organizational Transformation\nDate: 16th -20thFebruary 2026\nTime: 09.00am-03.30pm\nVenue: Sarova Whitesands Beach Resort & Spa\, Mombasa \nOVERVIEW \nThe corporate landscape is undergoing its most profound transformation yet. Regulatory expectations are tightening\, stakeholders are demanding greater transparency\, technology is reshaping business models\, and economic uncertainty is testing organizational endurance. In the midst of these shifts\, one governance organ has become indispensable to organizational stability and strategic foresight—the Audit Committee. Its mandate has expanded far beyond reviewing financial statements; it now plays a decisive role in safeguarding institutional integrity\, strengthening risk culture\, and anchoring long-term resilience. \nYet\, even with their growing prominence\, the performance of Audit Committees in Kenya remains mixed. Many committees continue to grapple with limited independence\, insufficient technical support\, and mandates that are not fully aligned to the realities of modern governance. These gaps constrain their ability to deliver high-impact oversight. A truly effective Audit Committee must be grounded in strong leadership\, deep governance insight\, and a firm grasp of the assurance ecosystem spanning internal audit\, external audit\, risk management\, and compliance. \nExpectations placed on Audit Committees today are higher than ever. Beyond reviewing compliance\, committees are now expected to be forward-looking advisors—providing strategic guidance\, anticipating emerging threats\, reinforcing internal controls\, and cultivating ethical and accountable cultures. Achieving this shift requires members who are agile\, analytically strong\, and well-versed in the transformative potential of data\, technology\, and modern assurance practices. Only then can they identify vulnerabilities early\, navigate disruptions with confidence\, and support management in building sustainable financial and operational systems. \nTo remain influential and future-ready\, Audit Committees must embrace agility and continuous development. This involves staying current with governance trends\, undertaking regular charter reviews\, carrying out committee performance assessments\, and strengthening teamwork and collegiality. Committees must also invest deliberately in member development to sharpen oversight capabilities. These elements are essential to repositioning Audit Committees as proactive engines of organizational resilience—committees that do not simply observe risk but actively shape the institution’s capacity to withstand and thrive through uncertainty. \nA future-ready Audit Committee requires mastery of critical domains such as risk governance\, internal audit effectiveness\, compliance oversight\, cybersecurity readiness\, ESG accountability\, and performance monitoring. Strengthening these competencies transforms Audit Committees into influential strategic partners who inspire trust\, drive value\, and guide organizations with steadiness through shifting economic and technological landscapes. \nTo support this transformation\, ICPAK presents the 7th Audit Committee Masterclass—a five-day intensive program designed to elevate the impact of Audit Committees in Kenya. With a blend of case-based learning\, expert-led discussions\, and practical governance insights\, the Masterclass will unpack what works\, what fails\, and what must evolve for effective oversight. Participants will explore audit strategy\, risk oversight\, assurance coordination\, boardroom dynamics\, and emerging issues shaping today’s audit environment. The program also offers rich opportunities for peer learning and networking across public and private sectors\, fostering collaboration and shared excellence. \nLEARNING OBJECTIVES: \nThis program is divided into the following five modules covering the various aspects of Audit Committee Competence: \n\n\n\nDAY\nMODULE\nTOPICS\nKEY AREAS TO BE COVERED\n\n\n\n\nDAY 1\nA.   The evolving role of the Audit Committee\n1.    Understanding the modern governance environment \n2.    Redefining the audit committee mandate \n3.    Strengthening independence\, structure and board level influence \n \n·         The shifting governance landscape: global\, regional\, and Kenyan context \n·         Expanding roles and expectations of Audit Committees in modern organizations \n·         Understanding independence: structural\, operational\, and behavioural independence \n·         Strengthening the relationship between the Audit Committee\, Board\, CEO\, and Internal Audit \n·         Governance failures and lessons for Audit Committees \n·         How Audit Committees drive ethical culture and institutional integrity\n\n\nDAY 2\nB.   Risk governance & resilience building \n1.    Role of Audit Committee in enterprise risk oversight \n2.    Emerging risks: technology\, cybersecurity and geopolitical trends and ESG \n3.    Building a strong organizational risk culture \n \n·         Enterprise Risk Management (ERM): role of the Audit Committee \n·         Identifying\, assessing\, and prioritizing emerging risks \n·         Oversight of cybersecurity and digital transformation risks \n·         Understanding ESG-related risks (environmental\, social\, governance) \n·         Strengthening risk culture across the organization \n·         Crisis preparedness and response: Audit Committee’s role in resilience planning\n\n\nDAY 3\nC.   Strengthening internal audit & assurance functions \n1.    Enhancing internal audit effectiveness \n2.    Coordinating internal audit\, external audit and compliance \n3.    Reviewing audit strategies\, work plans and reports \n  \n \n·         Evaluating the adequacy and independence of the Internal Audit function \n·         Reviewing internal audit plans\, resources\, and capability needs \n·         Monitoring effectiveness of external audit and auditor independence \n·         Aligning internal audit\, external audit\, and compliance for coherent assurance \n·         Understanding audit quality indicators and improving reporting outcomes \n·         Oversight of investigations\, whistleblowing\, and ethical breaches\n\n\nDAY 4 \nD.   Technology\, Data & modern oversight practices \n1.    Leveraging data analytics for better oversight \n2.    Cybersecurity and digital transformation risks \n3.    ESG\, ethics and compliance expectations for Audit Committees \n \n·         Using data analytics to strengthen audit oversight \n·         Oversight of automation\, AI\, and digital transformation initiatives \n·         Protecting organizational assets in a cyber-risk environment \n·         Modernizing internal control systems with technology \n·         Audit Committee’s role in ESG reporting and sustainability assurance \n·         Ensuring compliance with new regulatory and industry standards \n \n\n\nDAY 5\nE.   Future – Proofing your Audit committee and moving forward \n1.    Building a future-ready and high performing Audit Committee \n  \n \n1.    Building a high-impact\, future-ready Audit Committee \n \n\n\n\nTarget Audience: \nAudit Committee Members\, Chairpersons of Audit Committees\, Chief Internal Auditors\, Chief Audit Executives\, Internal Auditors\, CEOs\, Senior Management\, Aspiring Audit Committee Members\, Members of Board of Directors of corporations\, Business Owners and Entrepreneurs\, \nYour investment: \nThis Master Class shall be provided at a cost of KSh.95\,000. \nContinuous Professional Development Units: \nMembers of ICPAK and other reciprocating professional bodies will earn 20 CPD points upon successfully attending the Master Class. \nOnline Booking: \nWe call on all participants to note that booking is available only online at www.icpak.com/events and it will close two hours before the training session.  Delegates are reminded to note that online booking for training sessions is MANDATORY.   This is available either online at www.icpak.com/events \, you can also reach us through marketing@icpak.com \nNational Industrial Training Authority (NITA) Reimbursement: \nThe Institute is registered as a trainer with the National Industrial Training Authority. The Institute’s registration number is DIT/TRN/47. Participants who are registered levy contributors should apply to NITA for reimbursement of their fees. Please note that this is applicable for Kenyan citizens only and subject to NITA regulations. Remember that to qualify you should apply to NITA for approval prior to the date of the conference. Further details can be obtained from their website (www.nita.go.ke) \n  \n 
URL:https://www.icpak.com/event/the-7th-board-audit-committee-masterclass/
LOCATION:Sarova Whitesands Beach Resort and Spa\, Mombasa\, Kenya
CATEGORIES:Local Seminars
GEO:-4.0434771;39.6682065
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