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X-ORIGINAL-URL:https://www.icpak.com
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:20260715T090000
DTEND;TZID=Europe/Moscow:20260917T161500
DTSTAMP:20260924T023103
CREATED:20260103T213538Z
LAST-MODIFIED:20260917T130629Z
UID:10003311-1784106000-1789661700@www.icpak.com
SUMMARY:INSURANCE AND BANKING SECTOR CONFERENCE (virtual option)
DESCRIPTION:INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA\n(Established under Accountants Act\, Laws of Kenya) \nINSURANCE & BANKING SECTOR CONFERENCE\nTheme: Driving Financial Resilience\, Market Adaptation and Reporting Excellence in Kenya’s Financial Services Sector\nDate: 15th -17 July 2026\nTime: 09.00am-03.30pm\nVenue: Virtual Delivery \nOVERVIEW \nThe banking and insurance sectors remain key pillars of Kenya’s economic growth and financial stability. However\, the operating environment continues to evolve rapidly due to changing regulatory requirements\, economic uncertainties\, technological disruption\, increasing customer expectations\, and emerging risks. Financial institutions are therefore required to strengthen their financial reporting frameworks\, enhance risk management practices\, maintain adequate capital levels\, and leverage innovation to remain competitive and resilient. \nThe implementation of major reporting standards such as IFRS 17 Insurance Contracts and IFRS 9 Financial Instruments continues to reshape financial reporting across the sector. While significant progress has been made\, institutions continue to face challenges relating to data quality\, systems integration\, actuarial modelling\, expected credit loss calculations\, and evolving regulatory expectations. At the same time\, boards and management are under increasing pressure to improve governance structures\, strengthen internal controls\, and provide transparent and decision-useful information to stakeholders. \nTechnological innovation is also transforming the financial services landscape. The growth of digital banking\, mobile financial services\, fintech and Insurtech solutions\, artificial intelligence\, and advanced data analytics is creating new opportunities for operational efficiency\, customer engagement\, and financial inclusion. However\, these developments also introduce emerging risks relating to cybersecurity\, data governance\, operational resilience\, and regulatory compliance. \nFurther\, the sector continues to play a critical role in advancing financial inclusion and supporting economic development. Despite the significant progress achieved in expanding access to financial services\, institutions must continue developing innovative products and delivery channels that meet the needs of underserved populations while maintaining sound risk management practices. \nAgainst this backdrop\, the Institute has organized the Insurance & Banking Sector Conference 2026 to provide a platform for regulators\, practitioners\, accountants\, auditors\, actuaries\, risk professionals\, policy makers\, and industry leaders to discuss emerging developments\, share practical experiences\, and explore strategies for enhancing financial reporting\, institutional resilience\, governance\, innovation\, and sustainable growth within the financial services sector. \n The conference will explore the following thematic areas: \n\nEconomic Outlook\, Regulatory Developments and Sector Resilience\n\n\nEmerging economic and regulatory developments affecting banks and insurers\nPrudential supervision and compliance expectations\nBuilding resilience in an increasingly uncertain environment\n\n\n IFRS 17: Implementation Progress and Emerging Challenges\n\n\nLessons learned from implementation\nContractual Service Margin (CSM)\, actuarial and systems considerations\nFinancial reporting implications and regulatory expectations\n\n\n IFRS 9 and Credit Risk Management\n\n\nExpected Credit Loss (ECL) modelling and impairment challenges\nCredit risk management in a changing economic environment\nEmerging implementation and regulatory developments\n\n\nCapital Adequacy\, Solvency and Reinsurance Strategies\n\n\nCapital adequacy and solvency requirements\nStress testing and capital optimization\nStrategic use of reinsurance for risk mitigation and financial resilience\n\n\nAdvancements in Actuarial Valuation and Risk Modelling\n\n\nEmerging actuarial techniques and innovations\nPredictive modelling and insurance risk assessment\nPractical insights from industry\n\n\nDigital Transformation\, Fintech and Artificial Intelligence\n\n\nAI applications in banking and insurance\nFintech and Insurtech innovations\nData analytics and automation in financial reporting and decision-making\n\n\nCybersecurity\, Data Governance and Operational Resilience\n\n\nEmerging cyber risks and threat management\nData governance and protection requirements\nStrengthening operational resilience and business continuity\n\n\nAnti-Money Laundering Considerations for Banking & Insurance Sectors\n\n\nAnti-Money Laundering and Automatic Exchange of Financial Information updates\nAML Regulatory framework updates\nKenya’s Grey-Listing -Causes and your role in supporting getting Kenya out of Grey Listing\nAML Compliance Challenges-Politically Exposed Persons\, Beneficial Ownership\, Due Diligence\nForeign Account Tax Compliance Act (FATCA) obligations\nCommon Reporting Standards (CRS) Obligation\n\n 9. Digital transformation in insurance and banking in Kenya \n\nThe rise of mobile money and fintech\nDigital banking platforms\nInsurtech: digital insurance distribution models\nPractical use cases of AI\n\n 10. Feedback from 2025 Financial Reporting (FiRe) Award for Banking & Insurance Sectors \n\nAreas of notable improvement\nMajor areas of non-compliance\nWay Forward\n\nTARGET AUDIENCE: \nBanking professionals\, Insurance professionals\, Chief Internal & Risk Managers\, CEOs\, Senior Management\, Aspiring bankers and insurance professionals\, Members of Board of Directors of corporations\, Business Owners and Entrepreneurs\, \nFINANCIAL COMMITMENT: \n\n\n\nCategory\nCharges Physical \nVirtual \n\n\nAssociate Members\nKes 40\,000 per Delegate\nKes. 15\,000\n\n\nFull Members\nKes. 45\,000 per Delegate\nKes. 15\,000\n\n\nNon-Member\nKes. 50\,000 per Delegate\nKes. 15\,000\n\n\n\nCONTINUOUS PROFESSIONAL DEVELOPMENT UNITS: \nMembers of ICPAK and other reciprocating professional bodies will earn 20 CPD points upon successfully attending the seminar. \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) \nFurther requests can be channeled to us via telephone calls on +254 719 074 100\,  or via email to marketing@icpak.com. \nWe encourage members to regularly visit our website https://www.icpak.com for updates.
URL:https://www.icpak.com/event/insurance-and-banking-sector-conference-virtual-option/
LOCATION:Virtual Delivery
CATEGORIES:Local Seminars,Past Virtual Events,Virtual Symposiums
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BEGIN:VEVENT
DTSTART;TZID=Europe/Moscow:20260824T090000
DTEND;TZID=Europe/Moscow:20260828T153000
DTSTAMP:20260924T023103
CREATED:20260106T204831Z
LAST-MODIFIED:20260625T100903Z
UID:10003325-1787562000-1787931000@www.icpak.com
SUMMARY:THE IPSAS MASTERCLASS 2026 (Mandatory Training)
DESCRIPTION:INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA\n(Established under Accountants Act\, Laws of Kenya) \nTHE IPSAS MASTERCLASS 2026 (Mandatory Training)\nTheme: Driving Sustainable Public Value through High-Quality Reporting\nDate: 24th – 28th August 2026\nVenue: Enashipai Resort & Spa\, Naivasha\n(This is one of the mandatory trainings for Practicing Certificate consideration) \nOVERVIEW \nThe role of public sector financial reporting continues to evolve beyond traditional stewardship and compliance objectives. Governments and public sector entities are increasingly expected to demonstrate how public resources are managed to create sustainable public value\, strengthen fiscal resilience\, enhance service delivery\, and respond to emerging economic\, social\, and environmental challenges. \nAgainst this backdrop\, the International Public Sector Accounting Standards (IPSAS) continue to play a critical role in promoting transparency\, accountability\, and comparability in public sector financial reporting. At the same time\, new developments in sustainability reporting\, climate-related financial disclosures\, natural resource accounting\, government finance statistics\, public sector digital transformation\, and public financial management reforms are reshaping the reporting landscape globally. \nIn Kenya\, the implementation of IPSAS Accrual remains a strategic national priority under the Constitution\, the Public Finance Management Act\, and broader public sector reform initiatives. As public sector institutions seek to strengthen accountability and improve decision-making\, there is an increasing need for finance professionals to understand not only the technical requirements of IPSAS but also how financial reporting supports public value creation\, fiscal sustainability\, and stakeholder trust. \nRecognizing these developments\, this Masterclass aims to provide participants with deep technical and strategic insights into emerging IPSAS developments\, sustainability-related reporting\, public sector reforms\, and implementation challenges. The Masterclass will bring together accountants\, auditors\, regulators\, policymakers\, public finance practitioners\, and development partners to share experiences\, discuss emerging issues\, and explore practical solutions to contemporary public sector reporting challenges. \nLEARNING OBJECTIVES: \nThis program is divided into the following five days covering various aspects: \n\n\n\nDAY\nMODULE\nTOPICS\n\n\n\n\nDAY 1\nA.   Reflections on the First Year of IPSAS Accrual Implementation\n·         Policy intent versus Implementation reality \n·         Opening balances and first-time adoption challenges \n·         Capacity\, skills\, and change management \n·         Asset Recognition and Management in the Public Sector \n·         Key lessons learned from preparers’ experiences \n·         Expectations of auditors and oversight bodies post–year one \n \n\n\n \nB.   IPSAS 46: Measurement \n \n·         Purpose of IPSAS 46 \n·         Core objective \n·         Key measurement bases introduced \n·         Initial vs subsequent measurement \n·         Measurement of liabilities \n·         Consistency principle \n·         Impact on financial reporting \n·         Key challenge for implementation \n \n\n\n \nC.   IPSAS 42: Social Benefits\n·         Definition of social benefits \n·         Scope and definitions: social risks vs market risks \n·         Recognition criteria and measurement of social benefits \n·         Recognition & measurement of liabilities \n·         Timing of recognition \n·         Distinction from other transfers \n·         Key judgment areas \n·         Disclosure requirements \n·         Financial reporting impact\n\n\nDAY 2\nD.   IPSASB SRS: Understanding the IPSASB SRS 1 Reporting Architecture \n \n·         The Need for Sustainability Reporting \n·         Relationship with other standards \n·         Phases of Adoption in Kenya \n·         Purpose and scope of IPSASB SRS 1\, Climate-related disclosures \n·         Distinction between own operations & public policy programs \n·         Position of sustainability disclosures within general-purpose financial reporting \n·         Relationship between IPSASB SRS 1 and financial statements \n·         Transition from voluntary ESG reports to regulated disclosures \n\nImplications for preparers\, boards\, and auditors\n\n \n\n\n \nE.   IPSASB SRS 1: General Requirements\n·         Sources of Guidance \n·         Location of Disclosures \n·         Timing of reporting \n·         Comparative information \n·         Statement of Compliance \n·         Judgments\, uncertainties & errors \n·         Best practices in data collection \n·         Building capacity within the organization \n·         Transition Reliefs \n \n\n\n \nF.   IPSASB SRS 1: Materiality\n·         Definition and Concept of Materiality \n·         Materiality Judgment Process \n·         Sources of guidance (Waterfall approach) \n·         Double vs financial materiality \n·         Sources of Information \n·         Boundary of reporting \n·         Integration with Risk and Opportunity Assessment \n·         Documentation and Audit Trail \n \n\n\nDAY 3\nG.   IPSASB SRS 1: GHG Accounting\n·         Cross-industry climate metrics & targets \n·         Introduction to GHG Emissions \n·         Climate-Related Financial Risk and GHG Emissions \n·         GHG disclosure \n·         GHG key concepts \n·         GHG measurements \n·         Disaggregation of GHG emissions. \n·         Computation of emissions \n·         Conducting a carbon baseline assessment \n \n\n\n \nH.   Climate Finance\, Green Budgeting and Sustainability Integration\n·         Integrating sustainability into public financial management \n·         Climate finance architecture and funding mechanisms \n·         Green budgeting and climate-responsive planning \n·         Measuring and reporting climate-related expenditures \n·         Linking sustainability reporting to public sector strategy and performance \n·         Case studies and emerging global practices \n \n\n\n \nI.     IPSAS 39: Employee Benefits\n\n\nOverview and Objective of IPSAS 39\nClassification of Employee Benefits\nRecognition and Measurement of Short-Term Benefits\nPost-Employment Benefit Plans\nPresentation and Disclosures\nTermination Benefits and Long-Term Liabilities\n\n \n\n\nDAY 4 \nJ.    IPSAS 40: Public Sector Combinations\n·         Introduction and Objective of IPSAS 40 \n·         Types of Public Sector Combinations \n·         Determining the Type of Combination \n·         Presentation and Disclosure Requirements \n·         Strategic and Policy Considerations \n·         Accounting for mergers & acquisitions \n \n\n\n \nK.   IPSAS 47: Revenue\n·         Key definitions \n·         Identifying the revenue transaction \n·         Binding vs non-binding arrangements \n·         Revenue from transactions with non-binding arrangements \n·         Revenue from transactions with binding arrangements \n·         Recognition & measurement \n·         Presentation & disclosure \n \n\n\n \nL.    IPSAS 44: Non-current assets held for sale & discontinued operations\n·         Objective of IPSAS 44 \n·         Scope and applicability \n·         Classification \n·         Recognition & measurement \n·         Presentation & disclosure \n \n\n\nDAY 5\nM.  IPSAS 43: Leases and Right-of-Use Assets\n·         Lessee accounting model \n·         Right-of-Use (ROU) asset recognition \n·         Lease liability recognition \n·         Initial measurement \n·         Subsequent measurement \n·         Impact on financial statements \n·         Exemptions \n·         Disclosure requirements \n·         Key implications for public sector entities\n\n\n \nN.   Financial Wellness\n·         Building Wealth\n\n\n\nTARGET AUDIENCE: \nThis training will be useful to professional Accountants and professionals from the Public Sector.  \n YOUR INVESTMENT: \nThis event 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 event. \nONLINE BOOKING: \nWe call on all participants to note that booking is available only online at www.icpak.com/events and 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 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)
URL:https://www.icpak.com/event/the-ipsas-masterclass-2026-mandatory-training/
LOCATION:Enashipai Resort & Spa\, Naivasha\, 00100\, Kenya
CATEGORIES:Local Seminars,Mandatory Trainings
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