ICPAK

FiRe AWARD 2025 CONFERENCE (physical option)
2025-12-04 09:00 - 15:30 (Europe/Moscow) | Serena Hotel
THE INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(Established under the Accountant Act, Laws of Kenya)
FiRe AWARD 2025 Conference (physical option)
Theme: “Fostering Compliance to International Standards to Enhance Transparency, Comparability & Accountability
DATE: 4th December 2025
TIME: 9.00am – 03.30pm
VENUE: Serena Hotel, Nairobi
Overview:
The Institute of Certified Public Accountants of Kenya (ICPAK) has over the years promoted the Financial Reporting (FiRe) Award alongside other key players namely, the Capital Markets Authority (CMA), the Nairobi Securities Exchange (NSE), the Public-Sector Accounting Standards Board (PSASB) and now joined by the Retirement Benefits Authority (RBA). The Award is aimed at promoting quality reporting through enhancing accountability, transparency and integrity in compliance with appropriate financial reporting frameworks and other disclosures on environmental, social and governance, reporting by private, public and other entities domiciled in East Africa.
The financial reporting award is the most prestigious award in the East and Central African regions. The primary objective of the award is to strengthen financial markets and attract investment and sustainable capital flows. To achieve this objective, business entities would have to make disclosure of their activities to enable a wide range of stakeholders use such information in making sound economic decisions.
The award is premised on three key objectives, namely: the promotion of financial reporting excellence, fostering of sound corporate governance practices and enhancing corporate investment and environmental reporting.
It is against this backdrop that the Promoters have organized a one-day event to present the best performing entities in financial reporting and celebrate the good practices noted during the evaluation of the entries.
The Award Ceremony will recognize the best performing entities in financial reporting while the Conference will focus on;
i. The FiRe Award Trends and Evaluation Process findings – the Judges’ Perspective
ii. Corporate Governance trends in the East African region – a scorecard on the implementation of Corporate Governance practices in East Africa
iii. The evolving Sustainability landscape as East African countries issue Roadmaps and their implications on reporting
iv. Improving Efficiency in the Public Sector through Financial Reporting
v. Accrual reporting – Critical milestones achieved to date
vi. Past winners’ experience: The benefits of quality financial reporting in the East African region
Members of ICPAK and reciprocating professional bodies will be awarded 7 CPD Units for attending the both the Conference and the Award Ceremony.
Target Audience:
Private and Public Sector Accountants, Chief Finance Officers, Finance Directors and Managers, Tax Experts, Transaction Advisors, Engagement Partners and Key Audit staff, Banking, Extractive and SMEs sector accountants, Auditors, Practitioners, Tax Practitioners, Professionals working in County Governments and private sectors, Academia, employees of the NPO Sector and the wider pool of professional stakeholders.
Cost:
Charges for the events and accompanying links are indicated below;

FiRe Award physical conference cost – KShs. 10,000, 7 CPD Points

https://www.icpak.com/event/fire-award-2025-conference-physical-option/

FiRe Award gala dinner cost – KShs. 9,000

https://www.icpak.com/event/fire-award-2025-ceremony-and-gala-dinner-physical-option/

FiRe Award conference virtual attendance cost – KShs. 4,500, 7 CPD Points

https://www.icpak.com/event/fire-award-2025-conference-virtual-option/

FiRe Award dinner virtual attendance cost – KShs. 4,500

https://www.icpak.com/event/fire-award-2025-ceremony-and-gala-dinner-virtual-option/
The charges will cover the facilitation fees, materials, and e-certificates of attendance.
Online Booking:
We call upon all event participants to note that booking for the conference/gala dinner is only available online and will close two hours before the events. Delegates are reminded to note that online booking for training sessions is mandatory. This is available either online at www.icpak.com/events or on the ICPAK Live – A smart phone-based application that is available from google store.
National Industrial Training Authority (NITA) Reimbursement:
The 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)

FiRe AWARD 2025 Conference (virtual option)
2025-12-04 09:00 - 15:30 | Virtual Delivery
THE INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(Established under the Accountant Act, Laws of Kenya)
FiRe AWARD 2025 Conference (virtual option)
Theme: “Fostering Compliance to International Standards to Enhance Transparency, Comparability & Accountability
DATE: 4th December 2025
TIME: 9.00am – 03.30pm
VENUE: Virtual Delivery
Overview:
The Institute of Certified Public Accountants of Kenya (ICPAK) has over the years promoted the Financial Reporting (FiRe) Award alongside other key players namely, the Capital Markets Authority (CMA), the Nairobi Securities Exchange (NSE), the Public-Sector Accounting Standards Board (PSASB) and now joined by the Retirement Benefits Authority (RBA). The Award is aimed at promoting quality reporting through enhancing accountability, transparency and integrity in compliance with appropriate financial reporting frameworks and other disclosures on environmental, social and governance, reporting by private, public and other entities domiciled in East Africa.
The financial reporting award is the most prestigious award in the East and Central African regions. The primary objective of the award is to strengthen financial markets and attract investment and sustainable capital flows. To achieve this objective, business entities would have to make disclosure of their activities to enable a wide range of stakeholders use such information in making sound economic decisions.
The award is premised on three key objectives, namely: the promotion of financial reporting excellence, fostering of sound corporate governance practices and enhancing corporate investment and environmental reporting.
It is against this backdrop that the Promoters have organized a one-day event to present the best performing entities in financial reporting and celebrate the good practices noted during the evaluation of the entries.
The Award Ceremony will recognize the best performing entities in financial reporting while the Conference will focus on;
i. The FiRe Award Trends and Evaluation Process findings – the Judges’ Perspective
ii. Corporate Governance trends in the East African region – a scorecard on the implementation of Corporate Governance practices in East Africa
iii. The evolving Sustainability landscape as East African countries issue Roadmaps and their implications on reporting
iv. Improving Efficiency in the Public Sector through Financial Reporting
v. Accrual reporting – Critical milestones achieved to date
vi. Past winners’ experience: The benefits of quality financial reporting in the East African region
Members of ICPAK and reciprocating professional bodies will be awarded 7 CPD Units for attending the both the Conference and the Award Ceremony
Target Audience:
Private and Public Sector Accountants, Chief Finance Officers, Finance Directors and Managers, Tax Experts, Transaction Advisors, Engagement Partners and Key Audit staff, Banking, Extractive and SMEs sector accountants, Auditors, Practitioners, Tax Practitioners, Professionals working in County Governments and private sectors, Academia, employees of the NPO Sector and the wider pool of professional stakeholders.
Cost:
Charges for the events and accompanying links are indicated below;

FiRe Award physical conference cost – KShs. 10,000, 7 CPD Points

https://www.icpak.com/event/fire-award-2025-conference-physical-option/

FiRe Award gala dinner cost – KShs. 9,000

https://www.icpak.com/event/fire-award-2025-ceremony-and-gala-dinner-physical-option/

FiRe Award conference virtual attendance cost – KShs. 4,500, 7 CPD Points

https://www.icpak.com/event/fire-award-2025-conference-virtual-option/

FiRe Award dinner virtual attendance cost – KShs. 4,500

https://www.icpak.com/event/fire-award-2025-ceremony-and-gala-dinner-virtual-option/
The charges will cover the facilitation fees, materials, and e-certificates of attendance.
Online Booking:
We call upon all event participants to note that booking for the conference/gala dinner is only available online and will close two hours before the events. Delegates are reminded to note that online booking for training sessions is mandatory. This is available either online at www.icpak.com/events or on the ICPAK Live – A smart phone-based application that is available from google store.
National Industrial Training Authority (NITA) Reimbursement:
The 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)

FiRe Award 2025 Ceremony and Gala Dinner (physical option)
2025-12-05 18:00 - 23:00 | Safari Park Hotel & Casino, Thika Road, Nairobi
THE INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(Established under the Accountant Act, Laws of Kenya)
FiRe AWARD 2025 Ceremony & Gala Dinner (physical option)
Theme: “Fostering Compliance to International Standards to Enhance Transparency, Comparability & Accountability
DATE: 5th December 2025
TIME: 6.00pm – 11.00pm
VENUE: Safari Park Hotel & Casino, Thika Road Hotel, Nairobi.
Cost:
Charges for the events and accompanying links are indicated below;

FiRe Award physical conference cost – KShs. 10,000, 7 CPD Points

https://www.icpak.com/event/fire-award-2025-conference-physical-option/

FiRe Award gala dinner cost – KShs. 9,000

https://www.icpak.com/event/fire-award-2025-ceremony-and-gala-dinner-physical-option/

FiRe Award conference virtual attendance cost – KShs. 4,500, 7 CPD Points

https://www.icpak.com/event/fire-award-2025-conference-virtual-option/

FiRe Award dinner virtual attendance cost – KShs. 4,500

https://www.icpak.com/event/fire-award-2025-ceremony-and-gala-dinner-virtual-option/
5. The Fire Award 2025 Gala Dinner Corporate Table of 8 pax – Kes. 70,000

FiRe AWARD 2025 Ceremony and Gala Dinner (virtual option)
2025-12-05 18:00 - 23:00 | Virtual Delivery
THE INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(Established under the Accountant Act, Laws of Kenya)
FiRe AWARD 2025 Ceremony & Gala Dinner (Virtual option)
Theme: “Fostering Compliance to International Standards to Enhance Transparency, Comparability & Accountability
DATE: 5th December 2025
TIME: 6.00pm – 11.00pm
VENUE: Virtual Delivery
Cost:
Charges for the events and accompanying links are indicated below;

FiRe Award physical conference cost – KShs. 10,000, 7 CPD Points

https://www.icpak.com/event/fire-award-2025-conference-physical-option/

FiRe Award gala dinner cost – KShs. 9,000

https://www.icpak.com/event/fire-award-2025-ceremony-and-gala-dinner-physical-option/

FiRe Award conference virtual attendance cost – KShs. 4,500, 7 CPD Points

https://www.icpak.com/event/fire-award-2025-conference-virtual-option/

FiRe Award dinner virtual attendance cost – KShs. 4,500

https://www.icpak.com/event/fire-award-2025-ceremony-and-gala-dinner-virtual-option/

The Fire Award 2025 Gala Dinner Corporate Table of 8 pax
2025-12-05 18:00 - 23:00 | Safari Park Hotel & Casino, Thika Road, Nairobi
THE INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(Established under the Accountant Act, Laws of Kenya)
FiRe AWARD 2025 Ceremony & Gala Dinner (physical option)
Theme: “Fostering Compliance to International Standards to Enhance Transparency, Comparability & Accountability
DATE: 5th December 2025
TIME: 6.00pm – 11.00pm
VENUE: Safari Park Hotel & Casino, Thika Road Hotel, Nairobi.
Cost:
Charges for the events and accompanying links are indicated below;
FiRe Award physical conference cost – KShs. 10,000, 7 CPD Points
FiRe Award gala dinner cost – KShs. 9,000
FiRe Award conference virtual attendance cost – KShs. 4,500, 7 CPD Points
FiRe Award dinner virtual attendance cost – KShs. 4,500
The Fire Award 2025 Gala Dinner Corporate Table of 8 pax – Kes. 70,000

Reporting on IFRS S1 and S2 Practical Course (physical option)
2026-01-15 09:00 - 2026-01-16 15:30 | ICPAK Auditorium, CPA Centre, Nairobi
INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(Established under the Accountants Act, Laws of Kenya)
Reporting on IFRS S1 and S2 Practical Course
Date: 15th – 16th January 2026
Time: 9:00 Am – 4:00 Pm
Venue: CPA Centre
Overview
The Practical Course on Reporting under IFRS S1 and IFRS S2 aims to bridge the gap between regulatory requirements and operational practice through practical guidance in developing high-quality decision-useful sustainability disclosures in line with global best practice. The course epitomizes emerging demands for increased transparency, consistency, and comparability in information on sustainability by investors, regulators, and other stakeholders.
The course will focus on practical interpretation and application of IFRS S1 (General Requirements for Disclosure of Sustainability-related Financial Information) and IFRS S2 (Climate-related Disclosures). Participants will gain in-depth insight into identifying, assessing, measuring, and integrating sustainability and climate-related risks and opportunities into financial reporting processes. Practical case studies, real-world examples, implementation tools, and templates will support participants in confidently applying the standards within their organizations and client engagements.
This practical course will also discuss the integration of sustainability reporting into existing financial reporting frameworks and governance structures. There will be guidance on how to align disclosures of sustainability with enterprise risk management, strategy, internal controls, and data governance processes. The programme will further address the role of professional judgment, documentation standards, and assurance readiness in enhancing the credibility and reliability of the disclosures related to sustainability.
By the end of the course, participants will be better placed to support their organizations and clients in meeting the emerging regulatory, investor, and market expectations on sustainability and climate-related reporting, while fostering increased transparency, accountability, and value creation over the long term.
The following topics will be discussed during sessions:
Overview of IFRS S1 and IFRS S2
• Objectives, scope and structure of the standards
• Key differences and linkages between S1 and S2
• Global regulatory trends and adoption landscape
Governance and Risk Management in Sustainability Reporting
• Board and management responsibilities
• Integration with enterprise risk management frameworks
• Internal control considerations
Practical Climate Risk and Opportunity Assessment
• Identification of physical and transition risks
• Scenario analysis and stress testing
• Materiality assessment for climate-related matters
Data Collection, Measurement and Metrics
• Key performance indicators for sustainability and climate
• Data quality, systems and controls
• Managing estimation uncertainty and assumptions
Designing IFRS S1 and S2 Disclosures
• Structuring sustainability-related financial disclosures
• Consistency between narrative and financial information
• Drafting clear, comparable and decision-useful disclosures
Implementation Challenges and Practical Solutions
• Common implementation pitfalls
• Change management and capacity building
• Use of practical tools, templates and checklists
Assurance and Readiness for External Review
• Preparing for internal and external assurance
• Documentation and audit trail requirements
• Enhancing credibility and stakeholder confidence
Target Audience
The practical course will be useful to finance and accounting professionals, sustainability and ESG practitioners, internal and external auditors, risk management and compliance officers, corporate reporting and investor relations teams, and senior management personnel with governance, strategy, and performance reporting responsibilities. It is also suitable for related professionals in the public sector, regulators, consultants, and advisors supporting organizations in implementing sustainability and climate-related disclosure requirements.
Continuous Professional Development Units (CPD UNITS):
Members of ICPAK and reciprocating professional bodies will be awarded 10 Structured CPD Units upon successfully completion of the webinar.
Financial Commitment
The webinar charges are Kshs. 18,500. Charges will cater for online video access fees, learning materials, and e-certificates of attendance.
Online Booking
Registration: Delegates are reminded to note that online booking for the workshop is mandatory on https://www.icpak.com/event-registration/Online Booking
We 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.
National Industrial Training Authority (NITA) Reimbursement
The 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)
Further requests can be channeled to us via telephone calls on +254 719 074 000, or via email to marketing@icpak.com

Reporting on IFRS S1 and S2 Practical Course (virtual option)
2026-01-15 09:00 - 2026-01-16 15:30 | Virtual Delivery
INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(Established under the Accountants Act, Laws of Kenya)
Reporting on IFRS S1 and S2 Practical Course
Date: 15th – 16th January 2026
Time: 9:00 Am – 4:00 Pm
Venue: Virtual Delivery
Overview
The Practical Course on Reporting under IFRS S1 and IFRS S2 aims to bridge the gap between regulatory requirements and operational practice through practical guidance in developing high-quality decision-useful sustainability disclosures in line with global best practice. The course epitomizes emerging demands for increased transparency, consistency, and comparability in information on sustainability by investors, regulators, and other stakeholders.
The course will focus on practical interpretation and application of IFRS S1 (General Requirements for Disclosure of Sustainability-related Financial Information) and IFRS S2 (Climate-related Disclosures). Participants will gain in-depth insight into identifying, assessing, measuring, and integrating sustainability and climate-related risks and opportunities into financial reporting processes. Practical case studies, real-world examples, implementation tools, and templates will support participants in confidently applying the standards within their organizations and client engagements.
This practical course will also discuss the integration of sustainability reporting into existing financial reporting frameworks and governance structures. There will be guidance on how to align disclosures of sustainability with enterprise risk management, strategy, internal controls, and data governance processes. The programme will further address the role of professional judgment, documentation standards, and assurance readiness in enhancing the credibility and reliability of the disclosures related to sustainability.
By the end of the course, participants will be better placed to support their organizations and clients in meeting the emerging regulatory, investor, and market expectations on sustainability and climate-related reporting, while fostering increased transparency, accountability, and value creation over the long term.
The following topics will be discussed during sessions:
Overview of IFRS S1 and IFRS S2
• Objectives, scope and structure of the standards
• Key differences and linkages between S1 and S2
• Global regulatory trends and adoption landscape
Governance and Risk Management in Sustainability Reporting
• Board and management responsibilities
• Integration with enterprise risk management frameworks
• Internal control considerations
Practical Climate Risk and Opportunity Assessment
• Identification of physical and transition risks
• Scenario analysis and stress testing
• Materiality assessment for climate-related matters
Data Collection, Measurement and Metrics
• Key performance indicators for sustainability and climate
• Data quality, systems and controls
• Managing estimation uncertainty and assumptions
Designing IFRS S1 and S2 Disclosures
• Structuring sustainability-related financial disclosures
• Consistency between narrative and financial information
• Drafting clear, comparable and decision-useful disclosures
Implementation Challenges and Practical Solutions
• Common implementation pitfalls
• Change management and capacity building
• Use of practical tools, templates and checklists
Assurance and Readiness for External Review
• Preparing for internal and external assurance
• Documentation and audit trail requirements
• Enhancing credibility and stakeholder confidence
Target Audience
The practical course will be useful to finance and accounting professionals, sustainability and ESG practitioners, internal and external auditors, risk management and compliance officers, corporate reporting and investor relations teams, and senior management personnel with governance, strategy, and performance reporting responsibilities. It is also suitable for related professionals in the public sector, regulators, consultants, and advisors supporting organizations in implementing sustainability and climate-related disclosure requirements.
Continuous Professional Development Units (CPD UNITS):
Members of ICPAK and reciprocating professional bodies will be awarded 10 Structured CPD Units upon successfully completion of the webinar.
Financial Commitment
The webinar charges are Kshs. 10,000. Charges will cater for online video access fees, learning materials, and e-certificates of attendance.
Online Booking
Registration: Delegates are reminded to note that online booking for the workshop is mandatory on https://www.icpak.com/event-registration/Online Booking
We 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.
National Industrial Training Authority (NITA) Reimbursement
The 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)
Further requests can be channeled to us via telephone calls on +254 719 074 000, or via email to marketing@icpak.com

Evening Networking Forum-Goal Setting New Year, New You
2026-01-21 16:00 - 18:00 | ICPAK Auditorium, CPA Centre, Nairobi
INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(Established under Accountants Act, Laws of Kenya)
Evening Networking Forum-Goal Setting New Year, New You
Theme: Goal Setting: New Year, New You- 2026
Date: 21st January 2026
Venue: CPA Centre, Nairobi
Overview
As professionals transition from 2025 into 2026, the new year offers a powerful opportunity for reflection, renewal, and purposeful realignment of personal and professional aspirations. This moment provides space to review past experiences, reassess priorities, and set intentional goals that drive growth, resilience, and success. Yet, many professionals continue to struggle with transforming ambition into clear, structured, and achievable goals.
Beyond technical competence, sustainable success today increasingly depends on clarity of vision, personal discipline, adaptability, and strong professional networks. In a fast-changing economic and professional environment, goal setting is no longer merely a personal exercise—it is a strategic tool for career progression, leadership effectiveness, and organizational impact.
It is against this background that the “Goal Setting: New Year, New You – 2026” Evening Networking Forum has been designed by ICPAK as an engaging platform for reflection, inspiration, learning, and connection. The forum will blend personal development with structured networking to empower participants to begin the year with clarity, confidence, and renewed purpose.
The Evening Networking Forum will be delivered through an engaging and interactive format that blends inspiration with practical application and networking. The session will include:

A keynote motivational talk on “Becoming the Best Version of You in 2026”
A guided goal-setting session
Personal reflection and action planning
Structured and free-form networking sessions
Peer sharing and accountability pairing

The forum will be informal, relaxed, and highly participatory to encourage open interaction and meaningful engagement.
More than just an event, the forum is a transformational experience aimed at helping professionals reset, refocus, and rise into 2026 with intentionality. By combining inspiration, structure, and meaningful connections, it will serve as a powerful launchpad for individual excellence and collective progress in the new year.
Target Audience:
The forum is targeted at:

Professionals across various sectors
Young professionals and emerging leaders
Entrepreneurs and business owners
Executives and managers seeking renewed focus and balance
Members and non-members seeking personal and professional transformation

Your investment:
This Evening networking forum shall be provided at a cost of KSh.2,000.
Continuous Professional Development Units:
Members of ICPAK and other reciprocating professional bodies will earn 2 CPD points upon successfully attending the event.
Online Booking:
We 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
National Industrial Training Authority (NITA) Reimbursement:
The 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)

INPAS Practical Course on Reporting for Non-Profit Organizations (NPOs)
2026-01-22 09:00 - 2026-01-23 15:30 | ICPAK Auditorium, CPA Centre, Nairobi
INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(Established under the Accountants Act, Laws of Kenya)
INPAS Practical Course on Reporting for Non-Profit Organizations (NPOs)
Theme- Strengthening Financial Reporting for Transparency, Accountability & Donor Confidence
22nd – 23rd January 2026
Time: 09.00am-03.30pm
Venue – CPA Centre
Overview
Non-Profit Organizations (NPOs) occupy a unique space in society, delivering social impact and advancing development goals across sectors. Their operations rely heavily on funding from donors, grants, and other resources that require careful stewardship. Accurate, comprehensive, and transparent financial reporting is central to sustaining stakeholder confidence, demonstrating accountability, and ensuring compliance with statutory and donor requirements. However, NPOs often face challenges in financial reporting due to multiple funding sources, restricted and unrestricted funds, donor-specific requirements, and sector-specific accounting standards.
The International Non-Profit Accounting Standard (INPAS) represents one of the most significant modern developments in global financial reporting for the not-for-profit sector. As NPOs continue to play critical roles in advancing social, economic and human-development agendas, the need for consistent, comparable, transparent and decision-useful reporting has become more urgent. INPAS is intended to provide a globally coherent framework that enables non-profits to communicate performance, stewardship, accountability and impact using standardized accounting and disclosure principles. Its introduction seeks to resolve long-standing inconsistencies, especially where NPOs rely on improvised internal policies or apply for-profit standards that do not appropriately reflect mission-centric activities, donor restrictions, program delivery dynamics and resource deployment structures.
INPAS is not only a harmonization exercise; it provides clarity in key reporting areas such as recognition of resource inflows, the accounting treatment of donor-imposed conditions, attribution of expenditure to program portfolios, measurement of performance, narrative reporting and fund accountability. Unlike general-purpose accounting standards that were not written for the non-profit domain, INPAS responds directly to unique sector characteristics such as restricted funding, grant commitments, volunteer contributions, social-value outcomes and multi-stakeholder assurance needs. Non-profit reporting is therefore expected to transition away from inconsistent classification practices, unverifiable impact statements and fragmented accounting treatments that currently limit comparability and weaken sector confidence.
Global conversations around impact measurement, trust restoration, funding transparency, donor confidence and public accountability continue to intensify. Development partners, auditors, regulators, philanthropies and funding institutions are increasingly demanding standard-consistent reporting that demonstrates responsible resource use, clear alignment between programs and expenditure, and enhanced traceability of outcomes. INPAS responds to this shift by aligning reporting with global accountability expectations, improving comparability, elevating the quality of disclosures and strengthening intelligence for resource allocation decisions.
With rising societal expectations, governance reforms, anti-corruption agendas and ESG-linked donor priorities, non-profit reporting can no longer be confined to traditional financial statements. The sector’s trust proposition depends on visibility into how funds translate into services and how actions generate real change. INPAS will therefore influence how NPOs record, classify, measure, present and narrate the way value is created and delivered. This transition, from narrow financial reporting to integrated program-performance reporting, is highly strategic: reporting becomes a driver of confidence, not merely a compliance exercise.
It is in response to this evolving context, and ahead of INPAS implementation, that the Institute of Certified Public Accountants of Kenya (ICPAK) is convening this training to equip preparers, reviewers and professionals with practical skills, contextual understanding and transition readiness, so that by the time formal adoption arrives, the sector will be informed, empowered and aligned for confident implementation.
The course is designed to cover the following topics:
The course is designed to cover the following topics:
1. INPAS Principles
a. Non-Profit Organizations
b. Concepts and pervasive principles
c. Narrative reporting
d. Fair value measurement
e. Foreign currency translation
2. Financial statements
a. Presentation and compliance
b. Statement of Financial Position
c. Statement of Income and Expenses
d. Statement of Changes in Net Assets
e. Statement of Cash Flows
f. Notes to the financial statements
g. Accounting policies, estimates and errors
h. Fund accounting
3. Revenue
4. Expenses and liabilities
a. Classification of expenses
b. Expenses on grants and donations
c. Fundraising costs
d. Employee benefits
e. Provisions and contingencies
f. Leases
g. Borrowing costs
h. Income tax
5. Non-financial assets
a. Inventories
b. Property, plant and equipment
c. Investment property
d. Intangible assets other than goodwill
e. Impairment of assets
f. Specialised activities
6. Financial assets and liabilities
a. Financial instruments
b. Liabilities and equity claims
7. Consolidation and reporting boundaries
a. Consolidated and separate financial statements
b. Investments in associates
c. Joint arrangements
d. Business combinations and goodwill
8. Restatements and additional information
a. Related party disclosures
b. Hyperinflation
c. Events after the end of the reporting period
d. Supplementary information
9. Transition to INPAS and regulatory requirements in Kenya
10. Current ICPAK Not for Profit Illustrative financial statements
Target Audience:
Target Audience:
This workshop will be useful to ICPAK Members ,Accountants, Auditors, Members of Boards NFP entities, Chief Finance Officers, Finance Directors and Managers, Private and Public Audit Practitioners, Public Sector Accountants, Transaction Advisors, Engagement Partners and Key Audit staff, Banking, Not for Profit sector Accountants, Internal Auditors, Tax Practitioners, Professionals working in Government and private sectors, Accountants in Academia, current and potential members of ICPAK, members of other professional associations.
Your Financial Commitment
The workshop charges are Kes. 18,500. Charges will cater for the workshop fees, learning materials, and e-certificates of attendance.
CPD Units
Members of ICPAK and other reciprocating professional bodies will earn 10 CPD points upon successfully attending the event.
Online Booking:
We call on Seminar participants to book online at www.icpak.com/events. Delegates are reminded to note that online booking for training sessions is mandatory. This is available either online at www.icpak.com/events or on the ICPAK Live – A smart phone-based application that is available from google store.
Nita Reimbursement:
The 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).
Further requests can be channeled to us via telephone calls on +254 719 074 100, or via email to marketing@icpak.com
We encourage members to regularly visit our website https://www.icpak.com for updates.

INPAS Practical Course on Reporting for Non-Profit Organizations (NPOs) virtual option
2026-01-22 09:00 - 2026-01-23 15:30 | Virtual Delivery
INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(Established under the Accountants Act, Laws of Kenya)
INPAS Practical Course on Reporting for Non-Profit Organizations (NPOs)
Theme- Strengthening Financial Reporting for Transparency, Accountability & Donor Confidence
22nd – 23rd January 2026
Time: 09.00am-03.30pm
Venue – Virtual Delivery
Overview
Non-Profit Organizations (NPOs) occupy a unique space in society, delivering social impact and advancing development goals across sectors. Their operations rely heavily on funding from donors, grants, and other resources that require careful stewardship. Accurate, comprehensive, and transparent financial reporting is central to sustaining stakeholder confidence, demonstrating accountability, and ensuring compliance with statutory and donor requirements. However, NPOs often face challenges in financial reporting due to multiple funding sources, restricted and unrestricted funds, donor-specific requirements, and sector-specific accounting standards.
The International Non-Profit Accounting Standard (INPAS) represents one of the most significant modern developments in global financial reporting for the not-for-profit sector. As NPOs continue to play critical roles in advancing social, economic and human-development agendas, the need for consistent, comparable, transparent and decision-useful reporting has become more urgent. INPAS is intended to provide a globally coherent framework that enables non-profits to communicate performance, stewardship, accountability and impact using standardized accounting and disclosure principles. Its introduction seeks to resolve long-standing inconsistencies, especially where NPOs rely on improvised internal policies or apply for-profit standards that do not appropriately reflect mission-centric activities, donor restrictions, program delivery dynamics and resource deployment structures.
INPAS is not only a harmonization exercise; it provides clarity in key reporting areas such as recognition of resource inflows, the accounting treatment of donor-imposed conditions, attribution of expenditure to program portfolios, measurement of performance, narrative reporting and fund accountability. Unlike general-purpose accounting standards that were not written for the non-profit domain, INPAS responds directly to unique sector characteristics such as restricted funding, grant commitments, volunteer contributions, social-value outcomes and multi-stakeholder assurance needs. Non-profit reporting is therefore expected to transition away from inconsistent classification practices, unverifiable impact statements and fragmented accounting treatments that currently limit comparability and weaken sector confidence.
Global conversations around impact measurement, trust restoration, funding transparency, donor confidence and public accountability continue to intensify. Development partners, auditors, regulators, philanthropies and funding institutions are increasingly demanding standard-consistent reporting that demonstrates responsible resource use, clear alignment between programs and expenditure, and enhanced traceability of outcomes. INPAS responds to this shift by aligning reporting with global accountability expectations, improving comparability, elevating the quality of disclosures and strengthening intelligence for resource allocation decisions.
With rising societal expectations, governance reforms, anti-corruption agendas and ESG-linked donor priorities, non-profit reporting can no longer be confined to traditional financial statements. The sector’s trust proposition depends on visibility into how funds translate into services and how actions generate real change. INPAS will therefore influence how NPOs record, classify, measure, present and narrate the way value is created and delivered. This transition, from narrow financial reporting to integrated program-performance reporting, is highly strategic: reporting becomes a driver of confidence, not merely a compliance exercise.
It is in response to this evolving context, and ahead of INPAS implementation, that the Institute of Certified Public Accountants of Kenya (ICPAK) is convening this training to equip preparers, reviewers and professionals with practical skills, contextual understanding and transition readiness, so that by the time formal adoption arrives, the sector will be informed, empowered and aligned for confident implementation.
The course is designed to cover the following topics:
The course is designed to cover the following topics:
1. INPAS Principles
a. Non-Profit Organizations
b. Concepts and pervasive principles
c. Narrative reporting
d. Fair value measurement
e. Foreign currency translation
2. Financial statements
a. Presentation and compliance
b. Statement of Financial Position
c. Statement of Income and Expenses
d. Statement of Changes in Net Assets
e. Statement of Cash Flows
f. Notes to the financial statements
g. Accounting policies, estimates and errors
h. Fund accounting
3. Revenue
4. Expenses and liabilities
a. Classification of expenses
b. Expenses on grants and donations
c. Fundraising costs
d. Employee benefits
e. Provisions and contingencies
f. Leases
g. Borrowing costs
h. Income tax
5. Non-financial assets
a. Inventories
b. Property, plant and equipment
c. Investment property
d. Intangible assets other than goodwill
e. Impairment of assets
f. Specialised activities
6. Financial assets and liabilities
a. Financial instruments
b. Liabilities and equity claims
7. Consolidation and reporting boundaries
a. Consolidated and separate financial statements
b. Investments in associates
c. Joint arrangements
d. Business combinations and goodwill
8. Restatements and additional information
a. Related party disclosures
b. Hyperinflation
c. Events after the end of the reporting period
d. Supplementary information
9. Transition to INPAS and regulatory requirements in Kenya
10. Current ICPAK Not for Profit Illustrative financial statements
Target Audience:
Target Audience:
This workshop will be useful to ICPAK Members ,Accountants, Auditors, Members of Boards NFP entities, Chief Finance Officers, Finance Directors and Managers, Private and Public Audit Practitioners, Public Sector Accountants, Transaction Advisors, Engagement Partners and Key Audit staff, Banking, Not for Profit sector Accountants, Internal Auditors, Tax Practitioners, Professionals working in Government and private sectors, Accountants in Academia, current and potential members of ICPAK, members of other professional associations.
Your Financial Commitment
The workshop charges are Kes. 18,500. Charges will cater for the workshop fees, learning materials, and e-certificates of attendance.
CPD Units
Members of ICPAK and other reciprocating professional bodies will earn 10 CPD points upon successfully attending the event.
Online Booking:
We call on Seminar participants to book online at www.icpak.com/events. Delegates are reminded to note that online booking for training sessions is mandatory. This is available either online at www.icpak.com/events or on the ICPAK Live – A smart phone-based application that is available from google store.
Nita Reimbursement:
The 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).
Further requests can be channeled to us via telephone calls on +254 719 074 100, or via email to marketing@icpak.com
We encourage members to regularly visit our website https://www.icpak.com for updates.

Reporting on IPSAS Accrual-Practical Course
2026-01-29 09:00 - 2026-01-30 15:30 | ICPAK Auditorium, CPA Centre, Nairobi
INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(Established under the Accountants Act, Laws of Kenya)
Reporting on IPSAS Accrual Practical Course
Date: 29th – 30th January 2026
Time: 9.00-15.30
Venue: ICPAK Auditorium
Theme: Transitioning from Cash to Accrual Reporting under IPSAS
Overview
Public sector entities globally are increasingly transitioning from cash-basis accounting to International Public Sector Accounting Standards (IPSAS) Accrual basis to improve transparency, accountability, and comparability of financial information. For instance the Kenyan cabinet in March 2024 approved the transition from cash basis of accounting to accrual basis of accounting with effect from 1st July 2024. The accrual basis of accounting, as outlined by IPSAS, provides a more accurate picture of a government’s financial position and performance by recognizing transactions when they occur, rather than when cash is received or paid.
This move is necessitated by the short-coming of cash basis of accounting with its attendant weaknesses arising from the point of view o financial transparency, integrity and accountability. Governments that follow cash basis of accounting tend not to maintain comprehensive and up-to date records of the value of their assets and liabilities.
The enabling factors of accrual accounting in the public sector include and is not limited to: growing recognition of the limits of pure cash basis of accounting; the development of accrual based international standards for government fiscal and financial reporting including government Finance statistics manual (GFSM) and International Public Sector Accounting Standards (IPSAS); the professionalization of the government accounting cadre and resulting introduction of private sector techniques into the public sector and the advent of computerized financial management information system (FMISs) which greatly reduce the transaction costs of collecting and consolidating accrual-based information. While many organizations have adopted IPSAS in principle, practical challenges remain in compiling, analyzing, and reporting accrual-based financial statements.
These organizations, often require hands on training to ensure they can correctly apply IPSAS requirements, prepare compliant financial statements, and understand the implications of accrual adjustments and disclosures. This two day practical course is designed to address these gaps by equipping participants with the knowledge and tools needed for accurate IPSAS-compliant reporting.
The following topics will be covered:
Foundations and Practical Application of IPSAS Accrual

Overview of IPSAS and the conceptual framework
Key differences between cash basis and accrual basis reporting
Recognition and measurement principles
Practical sessions on:

Property, plant, and equipment (IPSAS 17)
Intangible assets (IPSAS 31)

Revenue from exchange and non-exchange transactions (IPSAS 9 & 23)

Employee benefits (IPSAS 39)

Preparing IPSAS Compliant Financial Statements

Accrual adjustments and closing processes
Preparing primary financial statements:

Statement of Financial Performance
Statement of Financial Position

Cash Flow Statement (IPSAS 2)

Statement of Changes in Net Assets/Equity
Notes and disclosures requirements
Consolidated financial statements (IPSAS 35–38)

Practical exercise: Full preparation of an IPSAS-compliant set of financial statements.
Common challenges, best practices, and implementation strategies

TARGET AUDIENCE:
This webinar will be useful to professional Accountants and those aspiring to join the profession but more specifically:

Public sector accountants and finance officers.
Government auditors.

Public finance management professionals.

Internal auditors and financial controllers.
Managers and decision-makers in public institutions who are responsible for financial oversight.

YOUR FINANCIAL COMMITMENT
Charges for the training will be Kes 18,500/= which will cover workshop fees, materials, and e-certificates of attendance.
CPD UNITS
Members of ICPAK and reciprocating professional bodies will be awarded 10 CPD Units upon successfully attending the sessions.
ONLINE BOOKING:
We call on Seminar participants to note that booking for 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 or on the ICPAK Live – A smart phone-based application that is available from google store.
NITA REIMBURSEMENT:
The 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).
Further requests can be channeled to us via telephone calls on +254 719 074 100, or via email to marketing@icpak.com.
We encourage members to regularly visit our website https://www.icpak.com for updates.

Reporting on IPSAS Accrual-Practical Course (virtual option)
2026-01-29 09:00 - 2026-01-30 15:30 | Virtual Delivery
INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(Established under the Accountants Act, Laws of Kenya)
Reporting on IPSAS Accrual Practical Course
Date: 29th – 30th January 2026
Time: 9.00-15.30
Venue: Virtual Delivery
Theme: Transitioning from Cash to Accrual Reporting under IPSAS
Overview
Public sector entities globally are increasingly transitioning from cash-basis accounting to International Public Sector Accounting Standards (IPSAS) Accrual basis to improve transparency, accountability, and comparability of financial information. For instance the Kenyan cabinet in March 2024 approved the transition from cash basis of accounting to accrual basis of accounting with effect from 1st July 2024. The accrual basis of accounting, as outlined by IPSAS, provides a more accurate picture of a government’s financial position and performance by recognizing transactions when they occur, rather than when cash is received or paid.
This move is necessitated by the short-coming of cash basis of accounting with its attendant weaknesses arising from the point of view o financial transparency, integrity and accountability. Governments that follow cash basis of accounting tend not to maintain comprehensive and up-to date records of the value of their assets and liabilities.
The enabling factors of accrual accounting in the public sector include and is not limited to: growing recognition of the limits of pure cash basis of accounting; the development of accrual based international standards for government fiscal and financial reporting including government Finance statistics manual (GFSM) and International Public Sector Accounting Standards (IPSAS); the professionalization of the government accounting cadre and resulting introduction of private sector techniques into the public sector and the advent of computerized financial management information system (FMISs) which greatly reduce the transaction costs of collecting and consolidating accrual-based information. While many organizations have adopted IPSAS in principle, practical challenges remain in compiling, analyzing, and reporting accrual-based financial statements.
These organizations, often require hands on training to ensure they can correctly apply IPSAS requirements, prepare compliant financial statements, and understand the implications of accrual adjustments and disclosures. This two day practical course is designed to address these gaps by equipping participants with the knowledge and tools needed for accurate IPSAS-compliant reporting.
The following topics will be covered:
Foundations and Practical Application of IPSAS Accrual

Overview of IPSAS and the conceptual framework
Key differences between cash basis and accrual basis reporting
Recognition and measurement principles
Practical sessions on:

Property, plant, and equipment (IPSAS 17)
Intangible assets (IPSAS 31)

Revenue from exchange and non-exchange transactions (IPSAS 9 & 23)

Employee benefits (IPSAS 39)

Preparing IPSAS Compliant Financial Statements

Accrual adjustments and closing processes
Preparing primary financial statements:

Statement of Financial Performance
Statement of Financial Position

Cash Flow Statement (IPSAS 2)

Statement of Changes in Net Assets/Equity
Notes and disclosures requirements
Consolidated financial statements (IPSAS 35–38)

Practical exercise: Full preparation of an IPSAS-compliant set of financial statements.
Common challenges, best practices, and implementation strategies

TARGET AUDIENCE:
This webinar will be useful to professional Accountants and those aspiring to join the profession but more specifically:

Public sector accountants and finance officers.
Government auditors.

Public finance management professionals.

Internal auditors and financial controllers.
Managers and decision-makers in public institutions who are responsible for financial oversight.

YOUR FINANCIAL COMMITMENT
Charges for the training will be Kes 18,500/= which will cover workshop fees, materials, and e-certificates of attendance.
CPD UNITS
Members of ICPAK and reciprocating professional bodies will be awarded 10 CPD Units upon successfully attending the sessions.
ONLINE BOOKING:
We call on Seminar participants to note that booking for 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 or on the ICPAK Live – A smart phone-based application that is available from google store.
NITA REIMBURSEMENT:
The 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).
Further requests can be channeled to us via telephone calls on +254 719 074 100, or via email to marketing@icpak.com.
We encourage members to regularly visit our website https://www.icpak.com for updates.

THE IPSAS ACCRUAL WORKSHOP 2026 with National Treasury and PSASB
2026-02-16 09:00 - 2026-02-20 15:30 | Sawela Lodge, Naivasha, 00100, Kenya
INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(Established under the Accountants Act, Laws of Kenya)
THE IPSAS ACCRUAL WORKSHOP 2026 with National Treasury and PSAB
DATE: 16th to 20th February 2026
TIME: 9:00 AM – 3:30 PM
VENUE: Sawela Lodge, Naivasha
Theme: IPSAS Accrual Reporting: Lessons, Challenges, and Practical Improvements after the First Year
OVERVIEW
Over 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.
Recently, 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.
During 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:

Incomplete or unreliable opening balances
Inconsistent application of recognition and measurement principles
Weak linkage between accounting policies and actual transactions
Over-reliance on transitional exemptions and pragmatic shortcuts
Disclosure gaps and boilerplate notes that do not fully explain financial position or performance
Recurrent audit queries and qualifications linked to valuation, consolidation, and revenue recognition

Furthermore, 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.
At 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.
Against 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:

Reflect critically on their first-year reporting experience
Diagnose recurring weaknesses and root causes
Address audit findings and strengthen documentation
Improve judgments, estimates, and disclosures
Build confidence for second-year and subsequent reporting cycles

This 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.
Topics to be covered will include:

DAY
MODULE
TOPICS

DAY 1
Reflections on the First Year of IPSAS Accrual Implementation
· Objectives of IPSAS Accrual adoption
· Common first-year implementation challenges
· Key lessons learned from preparers’ experiences
· Expectations of auditors and oversight bodies post–Year One

Property, Plant and Equipment (IPSAS 45), Intangible Assets (IPSAS 31) and Heritage Assets – Post-Recognition Challenges
· Asset verification and reconciliation issues
· Valuation challenges encountered in Year One
· Identification and recognition challenges
· Componentization and depreciation errors
· Practical improvement strategies

Revenue (IPSAS 47) – Revenue Recognition Issues
· Grants, transfers, and donor-funded projects
· Conditions vs restrictions – common misinterpretations
· Timing of revenue recognition

DAY 2
Financial Instruments and Payables/Receivables
· Classification and measurement challenges
· Impairment of receivables
· Practical simplifications applied in Year One

Provisions, Contingent Liabilities, and Commitments (IPSAS 19)
· Recognition thresholds and disclosure gaps
· Common omissions in first-year financial statements
· Strengthening legal and contractual assessments

Financial Statement Presentation and Disclosures
· Improving notes to the financial statements
· Addressing audit observations from Year One
· Enhancing clarity, consistency, and transparency

DAY 3
IFMIS Re-engineering & SCOA
· Rationale for IFMIS re-engineering in an IPSAS Accrual environment
· Limitations of legacy IFMIS setups designed for cash or modified cash accounting
· Key accrual concepts that place pressure on IFMIS (assets, liabilities, depreciation, provisions, receivables, payables)
· Overview of SCOA objectives and structure in supporting accrual-based reporting
· Mapping SCOA segments to IPSAS financial statement line items
· Common SCOA-related issues identified during first-year IPSAS Accrual reporting
· System-driven errors versus technical accounting errors: how to distinguish them
· Manual workarounds used in Year One and their risks (spreadsheets, off-system journals)
· Role of IFMIS in improving data integrity, audit trails, and consistency
· Practical collaboration between preparers, IFMIS units, ICT teams, and central agencies
· Using IFMIS reports more effectively to support IPSAS disclosures
· Linking budget, programs, and financial statements through SCOA
· Typical audit observations arising from IFMIS and SCOA misalignment
· Preparers’ role in providing feedback to IFMIS re-engineering initiatives
· Preparing for Year Two: priorities for system stabilization and improvement

DAY 4
Inventory (IPSAS 12)

Scope and Key Definitions
Recognition of Inventory
Measurement of Inventory
Inventory Valuation Challenges Encountered in Year One
Inventory Control and Verification
Presentation and Disclosure Requirements
Practical Improvements for Year Two and Beyond

Leases (IPSAS 43)

Purpose and scope of IPSAS 43 in the public sector
Identifying a lease within a contract (lease vs service)
Right-of-use (ROU) asset and lease liability – why they matter
Recognition criteria and common first-year misclassifications
Determining the lease term, including renewal options
Initial measurement of:

ROU asset
Lease liability

Discount rate challenges in the public sector
Treatment of short-term and low-value leases
Subsequent accounting:

Depreciation of ROU assets
Interest and remeasurement of lease liabilities

Public sector–specific lease issues (land, buildings, vehicles, ICT)
Typical audit findings after first-year IPSAS Accrual reporting
Key disclosures and presentation requirements

TARGET AUDIENCE
This training will be useful to professional Accountants and professionals from the Public Sector.
CONTINUOUS PROFESSIONAL DEVELOPMENT UNITS (CPD UNITS):
Members of ICPAK and reciprocating professional bodies will be awarded 20 Structured CPD Units upon successful completion of the virtual symposium.
FINANCIAL COMMITMENT:

Category
Charges Physical

Associate Members
Kes 54,000 per Delegate

Full Members
Kes. 59,000 per Delegate

Non-Member
Kes. 64,000 per Delegate

ONLINE BOOKING
Registration: Delegates are reminded to note that online booking for the workshop is mandatory on https://www.icpak.com/event-registration/Online Booking
We 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.
NATIONAL INDUSTRIAL TRAINING AUTHORITY (NITA) REIMBURSEMENT
The 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)
Further requests can be channeled to us via telephone calls on +254 719 074 000, or via email to marketing@icpak.com

THE 8th BOARD AUDIT COMMITTEE MASTERCLASS
2026-02-16 09:00 - 2026-02-20 15:30 | Sarova Whitesands Beach Resort and Spa, Mombasa, Kenya
INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(Established under Accountants Act, Laws of Kenya)
THE 8th BOARD AUDIT COMMITTEE MASTERCLASS
Theme: Transforming Audit Committees into Engines of Organizational Transformation
Date: 16th -20thFebruary 2026
Time: 09.00am-03.30pm
Venue: Sarova Whitesands Beach Resort & Spa, Mombasa
OVERVIEW
The 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.
Yet, 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.
Expectations 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.
To 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.
A 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.
To 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.
LEARNING OBJECTIVES:
This program is divided into the following five modules covering the various aspects of Audit Committee Competence:

DAY
MODULE
TOPICS
KEY AREAS TO BE COVERED

DAY 1
A. The evolving role of the Audit Committee
1. Understanding the modern governance environment
2. Redefining the audit committee mandate
3. Strengthening independence, structure and board level influence

· The shifting governance landscape: global, regional, and Kenyan context
· Expanding roles and expectations of Audit Committees in modern organizations
· Understanding independence: structural, operational, and behavioural independence
· Strengthening the relationship between the Audit Committee, Board, CEO, and Internal Audit
· Governance failures and lessons for Audit Committees
· How Audit Committees drive ethical culture and institutional integrity

DAY 2
B. Risk governance & resilience building
1. Role of Audit Committee in enterprise risk oversight
2. Emerging risks: technology, cybersecurity and geopolitical trends and ESG
3. Building a strong organizational risk culture

· Enterprise Risk Management (ERM): role of the Audit Committee
· Identifying, assessing, and prioritizing emerging risks
· Oversight of cybersecurity and digital transformation risks
· Understanding ESG-related risks (environmental, social, governance)
· Strengthening risk culture across the organization
· Crisis preparedness and response: Audit Committee’s role in resilience planning

DAY 3
C. Strengthening internal audit & assurance functions
1. Enhancing internal audit effectiveness
2. Coordinating internal audit, external audit and compliance
3. Reviewing audit strategies, work plans and reports

· Evaluating the adequacy and independence of the Internal Audit function
· Reviewing internal audit plans, resources, and capability needs
· Monitoring effectiveness of external audit and auditor independence
· Aligning internal audit, external audit, and compliance for coherent assurance
· Understanding audit quality indicators and improving reporting outcomes
· Oversight of investigations, whistleblowing, and ethical breaches

DAY 4
D. Technology, Data & modern oversight practices
1. Leveraging data analytics for better oversight
2. Cybersecurity and digital transformation risks
3. ESG, ethics and compliance expectations for Audit Committees

· Using data analytics to strengthen audit oversight
· Oversight of automation, AI, and digital transformation initiatives
· Protecting organizational assets in a cyber-risk environment
· Modernizing internal control systems with technology
· Audit Committee’s role in ESG reporting and sustainability assurance
· Ensuring compliance with new regulatory and industry standards

DAY 5
E. Future – Proofing your Audit committee and moving forward
1. Building a future-ready and high performing Audit Committee

1. Building a high-impact, future-ready Audit Committee

Target Audience:
Audit 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,
Your investment:
This Master Class shall be provided at a cost of KSh.95,000.
Continuous Professional Development Units:
Members of ICPAK and other reciprocating professional bodies will earn 20 CPD points upon successfully attending the Master Class.
Online Booking:
We 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
National Industrial Training Authority (NITA) Reimbursement:
The 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)

The 34th Economic Symposium (physical option)
2026-02-18 09:00 - 2026-02-20 15:30 | Safari Park Hotel & Casino, Thika Road, Nairobi
THE INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(Established under the Accountants Act, Laws of Kenya)
HYBRID THE 34th ECONOMIC SYMPOSIUM
Theme: Productivity to Prosperity: Re-shaping Key Sectors for a Future-Ready Economy
Date: 18th – 20th February 2026
Venue: Safari Park Hotel & Casino Thika Road, Nairobi & Zoom
OVERVIEW
The Kenyan economy is currently navigating a difficult period, with signs of strain evident across multiple sectors. Labour market performance remains subdued, characterised by slow growth in formal employment and a persistent decline in real wages. A significant proportion of newly created jobs continue to emerge within the informal sector—typically low-paying, unstable, and with limited social protection—thereby undermining broader economic welfare.
At the macro-fiscal level, tax revenue has consistently fallen short of expectations, with the World Bank reporting an average tax revenue slippage of 6.1% over the past three years. At the same time, public debt has risen sharply to approximately 71.9% of GDP, with the widening fiscal deficit increasingly financed through domestic borrowing. These dynamics collectively place the country at a high risk of debt distress. This indicates that without decisive and sustained fiscal reforms including implementation of the adopted national tax policy, Kenya is likely to face prolonged budgetary pressures and constrained economic resilience.
Despite these challenges, Kenya’s medium-term outlook offers cautious optimism. Projections for 2026 indicate an expected GDP growth rate of 5.3%, supported by improved performance in agriculture and industry as well as the continued implementation of targeted government interventions. While these forecasts point to some recovery, it is widely acknowledged that growth prospects beyond 2025 remain tempered by persistent structural weaknesses and ongoing fiscal vulnerabilities. Moreover, the sustainability of the projected growth trajectory depends heavily on a stable and supportive global economic environment.
Domestically, unlocking higher and more inclusive growth will require enhanced policy measures aimed at strengthening governance, curbing endemic corruption, addressing the implications of Kenya’s FATF grey listing, and deepening participation in regional and international trade. Only through such comprehensive reforms can the country translate modest recovery signals into lasting economic resilience.
Sustained economic transformation requires more than short-term growth spurts—it demands deliberate, long-range strategic interventions that enhance productivity across key sectors. As economies navigate complex global challenges—ranging from shifting geopolitical dynamics, technological disruptions, climate change, to demographic transitions—productivity has emerged as the defining lever for resilience and competitiveness.
Kenya’s development aspirations, as outlined in the Vision 2030, the Bottom-Up Economic Transformation Agenda (BETA), and other national frameworks, place strong emphasis on sectoral revitalization, industrial upgrading, digitalization, and skills development. However, persistent productivity gaps continue to constrain the pace of growth, limit value addition, depress job creation, and slow structural transformation.
The 2026 Economic Symposium offers a unique platform for the public and private sectors, academia, development partners, and industry experts to reflect on the country’s productivity landscape, diagnose sector-specific bottlenecks, and co-create pathways for transforming productivity gains into broad-based prosperity. The theme “From Productivity to Prosperity: Re-shaping Key Sectors for a Future-Ready Economy” signals a shift from incremental reforms to bold, systemic changes that prepare the economy for the future of work, future markets, and future technologies.
As Kenya positions itself within a rapidly evolving global economy, boosting productivity across key sectors is no longer optional—it is imperative. The 2026 Economic Symposium provides the platform to reimagine strategies, harness new opportunities, and champion sectoral reforms that move the country from productivity to prosperity. Through collaborative action and forward-looking dialogue, stakeholders can accelerate the transformation toward a resilient, inclusive, and future-ready economy.
The symposium therefore seeks to deepen understanding, strengthen collaboration, and ignite national commitment toward accelerating productivity improvements within critical sectors of the economy. It aims to build consensus on strategic actions necessary to elevate Kenya’s competitiveness, foster inclusive growth, and create a sustainable economic base capable of withstanding global volatility.
The symposium will be structured around high-impact sectoral and cross-cutting areas such as:

Macroeconomic Trends, Fiscal Pressures & Labour Market Dynamics

Understanding Kenya’s subdued labour market: low formal job growth, real wage erosion, and informality
Drivers of revenue underperformance and tax slippage
Public debt distress risks and implications for economic stability

Strengthening Fiscal Governance & Implementing the National Tax Policy

Addressing structural weaknesses in domestic revenue mobilisation
Enhancing tax administration efficiency and compliance
Fiscal consolidation measures and expenditure rationalisation strategies

Governance, Anti-Corruption & Compliance Reform Imperatives

Tackling endemic corruption as a productivity drain
Implications of Kenya’s FATF grey listing and required national reforms
Governance and institutional strengthening as preconditions for sustainable growth

Revitalising High-Potential Sectors: Agriculture, Industry & Services

Addressing structural bottlenecks in agriculture and enhancing value-chain competitiveness
Industrial upgrading, MSME strengthening, and expanding manufacturing output
Productivity opportunities within tourism, digital services, finance, and logistics

Digitalization, Technology & Innovation as Productivity Accelerators

Leveraging AI, automation, and digital platforms to improve firm-level and sector-wide productivity
Building robust digital infrastructure and cybersecurity capacity
Supporting innovation ecosystems and technology adoption among MSMEs

Human Capital Development & Preparing for the Future of Work

Skills gaps and workforce readiness amidst technological disruption
Aligning education and training systems with industry needs
Labour market reforms to boost productivity and enhance job quality

Building Inclusive and Sustainable Economic Systems

Transitioning from low-quality informal employment to higher-value job creation
Green growth, climate-smart interventions, and resilience-building strategies
Enhancing social protection and inclusive development mechanisms

Enhancing Regional & Global Trade Competitiveness

Strengthening participation in regional value chains
Trade facilitation, export competitiveness, and market diversification
Positioning Kenya within the global economy amidst geopolitical shifts

Co-Creating a National Productivity Agenda for 2030 and Beyond

Aligning Vision 2030, BETA, and sectoral strategies for transformative productivity
Public–private collaboration in investment, innovation, and sector reform
Designing long-range productivity frameworks for resilience and prosperity

TARGET AUDIENCE
This economic symposium is not limited to the accountancy profession only, staff from other units are highly encouraged to attend.

CONTINUOUS PROFESSIONAL DEVELOPMENT UNITS
Members of ICPAK and those from other reciprocating professional bodies will earn 20 CPD units upon successfully attending all conference sessions.
FINANCIAL COMMITMENT:

Category
Charges Physical
Virtual

Associate Members
Kes 40,000 per Delegate
Kes. 25,000

Full Members
Kes. 45,000 per Delegate
Kes. 25,000

Non-Member
Kes. 50,000 per Delegate
Kes. 25,000

Note: Delegates are required to make their own travel and accommodation arrangements. The symposium charges cater for training fees, training materials, certificate and meals during the event.
ONLINE BOOKING:
We call on seminar participants to note that booking is available only online at www.icpak.com/events.
Delegates are reminded to note that online booking for training sessions is MANDATORY. This is available either online at www.icpak.com/events or on the ICPAK Live – A smart phone-based application that is available from google store.
NATIONAL INDUSTRIAL TRAINING AUTHORITY (NITA) REIMBURSEMENT:
The 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)
Further requests can be channeled to us via telephone calls on +254 719 074 100, or via email to memberservices@icpak.com.
We encourage members to regularly visit our website https://www.icpak.com for updates.

The 34th Economic Symposium (virtual option)
2026-02-18 09:00 - 2026-02-20 15:30 | Virtual Delivery
THE INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(Established under the Accountants Act, Laws of Kenya)
THE 34th ECONOMIC SYMPOSIUM
Theme: Productivity to Prosperity: Re-shaping Key Sectors for a Future-Ready Economy
Date: 18th – 20th February 2026
Venue: Virtual Delivery
OVERVIEW
The Kenyan economy is currently navigating a difficult period, with signs of strain evident across multiple sectors. Labour market performance remains subdued, characterised by slow growth in formal employment and a persistent decline in real wages. A significant proportion of newly created jobs continue to emerge within the informal sector—typically low-paying, unstable, and with limited social protection—thereby undermining broader economic welfare.
At the macro-fiscal level, tax revenue has consistently fallen short of expectations, with the World Bank reporting an average tax revenue slippage of 6.1% over the past three years. At the same time, public debt has risen sharply to approximately 71.9% of GDP, with the widening fiscal deficit increasingly financed through domestic borrowing. These dynamics collectively place the country at a high risk of debt distress. This indicates that without decisive and sustained fiscal reforms including implementation of the adopted national tax policy, Kenya is likely to face prolonged budgetary pressures and constrained economic resilience.
Despite these challenges, Kenya’s medium-term outlook offers cautious optimism. Projections for 2026 indicate an expected GDP growth rate of 5.3%, supported by improved performance in agriculture and industry as well as the continued implementation of targeted government interventions. While these forecasts point to some recovery, it is widely acknowledged that growth prospects beyond 2025 remain tempered by persistent structural weaknesses and ongoing fiscal vulnerabilities. Moreover, the sustainability of the projected growth trajectory depends heavily on a stable and supportive global economic environment.
Domestically, unlocking higher and more inclusive growth will require enhanced policy measures aimed at strengthening governance, curbing endemic corruption, addressing the implications of Kenya’s FATF grey listing, and deepening participation in regional and international trade. Only through such comprehensive reforms can the country translate modest recovery signals into lasting economic resilience.
Sustained economic transformation requires more than short-term growth spurts—it demands deliberate, long-range strategic interventions that enhance productivity across key sectors. As economies navigate complex global challenges—ranging from shifting.
geopolitical dynamics, technological disruptions, climate change, to demographic transitions—productivity has emerged as the defining lever for resilience and competitiveness.
Kenya’s development aspirations, as outlined in the Vision 2030, the Bottom-Up Economic Transformation Agenda (BETA), and other national frameworks, place strong emphasis on sectoral revitalization, industrial upgrading, digitalization, and skills development. However, persistent productivity gaps continue to constrain the pace of growth, limit value addition, depress job creation, and slow structural transformation.
The 2026 Economic Symposium offers a unique platform for the public and private sectors, academia, development partners, and industry experts to reflect on the country’s productivity landscape, diagnose sector-specific bottlenecks, and co-create pathways for transforming productivity gains into broad-based prosperity. The theme “From Productivity to Prosperity: Re-shaping Key Sectors for a Future-Ready Economy” signals a shift from incremental reforms to bold, systemic changes that prepare the economy for the future of work, future markets, and future technologies.
As Kenya positions itself within a rapidly evolving global economy, boosting productivity across key sectors is no longer optional—it is imperative. The 2026 Economic Symposium provides the platform to reimagine strategies, harness new opportunities, and champion sectoral reforms that move the country from productivity to prosperity. Through collaborative action and forward-looking dialogue, stakeholders can accelerate the transformation toward a resilient, inclusive, and future-ready economy.
The symposium therefore seeks to deepen understanding, strengthen collaboration, and ignite national commitment toward accelerating productivity improvements within critical sectors of the economy. It aims to build consensus on strategic actions necessary to elevate Kenya’s competitiveness, foster inclusive growth, and create a sustainable economic base capable of withstanding global volatility.
The symposium will be structured around high-impact sectoral and cross-cutting areas such as:

Macroeconomic Trends, Fiscal Pressures & Labour Market Dynamics

Understanding Kenya’s subdued labour market: low formal job growth, real wage erosion, and informality
Drivers of revenue underperformance and tax slippage
Public debt distress risks and implications for economic stability

Strengthening Fiscal Governance & Implementing the National Tax Policy

Addressing structural weaknesses in domestic revenue mobilisation
Enhancing tax administration efficiency and compliance
Fiscal consolidation measures and expenditure rationalisation strategies

Governance, Anti-Corruption & Compliance Reform Imperatives

Tackling endemic corruption as a productivity drain
Implications of Kenya’s FATF grey listing and required national reforms
Governance and institutional strengthening as preconditions for sustainable growth

Revitalising High-Potential Sectors: Agriculture, Industry & Services

Addressing structural bottlenecks in agriculture and enhancing value-chain competitiveness
Industrial upgrading, MSME strengthening, and expanding manufacturing output
Productivity opportunities within tourism, digital services, finance, and logistics

Digitalization, Technology & Innovation as Productivity Accelerators

Leveraging AI, automation, and digital platforms to improve firm-level and sector-wide productivity
Building robust digital infrastructure and cybersecurity capacity
Supporting innovation ecosystems and technology adoption among MSMEs

Human Capital Development & Preparing for the Future of Work

Skills gaps and workforce readiness amidst technological disruption
Aligning education and training systems with industry needs
Labour market reforms to boost productivity and enhance job quality

Building Inclusive and Sustainable Economic Systems

Transitioning from low-quality informal employment to higher-value job creation
Green growth, climate-smart interventions, and resilience-building strategies
Enhancing social protection and inclusive development mechanisms

Enhancing Regional & Global Trade Competitiveness

Strengthening participation in regional value chains
Trade facilitation, export competitiveness, and market diversification
Positioning Kenya within the global economy amidst geopolitical shifts

Co-Creating a National Productivity Agenda for 2030 and Beyond

Aligning Vision 2030, BETA, and sectoral strategies for transformative productivity
Public–private collaboration in investment, innovation, and sector reform
Designing long-range productivity frameworks for resilience and prosperity

TARGET AUDIENCE
This economic symposium is not limited to the accountancy profession only, staff from other units are highly encouraged to attend.

CONTINUOUS PROFESSIONAL DEVELOPMENT UNITS
Members of ICPAK and those from other reciprocating professional bodies will earn 20 CPD units upon successfully attending all conference sessions.
FINANCIAL COMMITMENT:

Category
Charges Physical
Virtual

Associate Members
Kes 40,000 per Delegate
Kes. 25,000

Full Members
Kes. 45,000 per Delegate
Kes. 25,000

Non-Member
Kes. 50,000 per Delegate
Kes. 25,000

ONLINE BOOKING:
We call on seminar participants to note that booking is available only online at www.icpak.com/events.
Delegates are reminded to note that online booking for training sessions is MANDATORY. This is available either online at www.icpak.com/events or on the ICPAK Live – A smart phone-based application that is available from google store.
NATIONAL INDUSTRIAL TRAINING AUTHORITY (NITA) REIMBURSEMENT:
The 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)
Further requests can be channeled to us via telephone calls on +254 719 074 100, or via email to memberservices@icpak.com.
We encourage members to regularly visit our website https://www.icpak.com for updates.

Risk Based Audit Planning-Practical Course
2026-02-19 09:00 - 2026-02-20 15:30 | ICPAK Auditorium, CPA Centre, Nairobi
THE INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(Established under the Accountants Act, Laws of Kenya)
Risk Based Audit Planning -Practical Course
Theme: Enhancing Audit Effectiveness through Strategic Risk Assessment & Planning
Date: 19th -20th February 2026
Time: 09.00am-03.30pm
Venue: ICPAK Auditorium CPA Centre
Overview
Auditing has evolved into a strategic function that requires professionals to go beyond verifying compliance to becoming proactive advisors who identify, assess, and mitigate risks that could impact organizational objectives. Organizations today operate in increasingly complex environments characterized by regulatory changes, technological advancements, financial uncertainties, and stakeholder scrutiny. These complexities necessitate a modern audit approach that prioritizes high-risk areas, ensures efficient allocation of resources, and delivers assurance that is both relevant and value-adding.
Risk-based audit planning has become an essential methodology for auditors to align their work with organizational priorities and risk exposure. By focusing on areas of greatest vulnerability, auditors can anticipate potential issues, strengthen internal controls, and provide actionable insights to management and boards. Effective risk-based auditing enables organizations to minimize financial, operational, compliance, and reputational risks while supporting strategic decision-making and long-term resilience.
This practical course equips participants with the skills, frameworks, and tools necessary to design and execute audit plans that are risk-informed, targeted, and efficient. Participants will gain hands-on experience in identifying and prioritizing operational, financial, strategic, and compliance risks, linking them to audit objectives, and applying scenario analysis to complex, interrelated risks. Emphasis is placed on leveraging dynamic risk registers, evaluating controls, and documenting audit plans in accordance with professional standards and best practices.
Auditors are increasingly recognized as key strategic partners in governance and risk management. Through this course, participants will understand how to enhance the effectiveness of audit processes, provide meaningful assurance, and strengthen enterprise risk management. They will also learn to integrate ethical considerations into audit planning, ensuring transparency, integrity, and accountability in all engagements.
In this regard, the Institute of Certified Public Accountants of Kenya (ICPAK) has organized the Risk-Based Audit Planning Practical Course to equip participants with the practical skills, analytical tools, and strategic insights required to function as Risk Champions. By the end of the two-day program, participants will be able to plan and execute audits that are focused, efficient, and aligned with organizational priorities, thereby enhancing governance, audit quality, and enterprise-wide risk management.
The course is designed to cover the following areas:

Foundations of Risk-Based Audit Planning
Developing and reviewing risk register
Risk appetite formulation
Process of risk-based audit planning

Developing an Effective Risk-Based Audit Plan (from beginning to end)
Determining Audit Priorities
Assessing and scoring audit risks
Linking Risks to the Audit Universe

Leveraging technology: GRC and cloud-based risk management
Utilizing GRC & cloud-based risk management platforms to enhance audit efficiency
• Conducting scenario analysis for interrelated risks

Target Audience:
This workshop will be useful to all professional Accountants and those aspiring to join the profession.
Continuous Professional Development Units (CPD Units):
Members of ICPAK and reciprocating professional bodies will be awarded 10 CPD Units upon successfully attending each of the sessions.
Cost:
Charges for the training will be Kes 18,500/= which will cover course fees, materials, and e-certificates of attendance.
Online Booking:
We call on Seminar participants to note that booking for 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 or on the ICPAK Live – A smart phone-based application that is available from google store.
National Industrial Training Authority (NITA) Reimbursement:
The 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)
Further requests can be channeled to us via telephone calls on +254 719 074 100, or via email at marketing@icpak.com.
We encourage members to regularly visit www.icpak.com for updates.

SUSTAINABILITY REPORTING IFRS S1 and S2 WORKSHOP 2026 (Mandatory Training) physical option
2026-03-02 09:00 - 2026-03-06 15:30 | Safari Park Hotel & Casino, Thika Road, Nairobi
THE INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(Established under the Accountants Act, Laws of Kenya)
SUSTAINABILITY REPORTING – IFRS S1 & S2 WORKSHOP
DATE: 2nd -6th March 2026
TIME: 9:00 AM – 3:30 PM
Venue: Safari Park Hotel & Casino, Thika Road, Nairobi
Theme: From Standards to Statements: Practical Reporting under IFRS S1 & IFRS S2
(This is one of the mandatory trainings for Practicing Certificate consideration)
OVERVIEW
The global corporate reporting landscape is undergoing a profound transformation as sustainability-related risks and opportunities increasingly affect enterprise value, capital allocation, and long-term business viability. Investors, lenders, regulators, and other capital providers are no longer satisfied with high-level ESG narratives; they are demanding decision-useful, comparable, and verifiable sustainability information that is clearly connected to financial performance and position.
In response to this demand, the International Sustainability Standards Board (ISSB) issued IFRS S1 (General Requirements for Disclosure of Sustainability-related Financial Information) and IFRS S2 (Climate-related Disclosures) to establish a global baseline for sustainability reporting that is investor-focused, consistent, and integrated with financial reporting. These standards reposition sustainability disclosures from stand-alone reports to an integral component of general-purpose financial reporting, subject to governance, controls, and assurance expectations similar to those applied to financial statements.
However, despite growing awareness of IFRS S1 and S2, many organizations face significant challenges in operationalizing the standards. Preparers often understand the conceptual requirements but struggle with practical questions such as:

What constitutes a material sustainability-related risk or opportunity in their specific context?
How should governance, strategy, and risk management disclosures be written to avoid boilerplate language?
Which metrics and targets are appropriate, reliable, and defensible?
How can sustainability information be meaningfully connected to financial statements, assumptions, and judgments?
How should entities prepare disclosures that are assurance-ready and capable of withstanding regulatory and audit scrutiny?

In many cases, existing ESG reports are narrative-heavy, inconsistently structured, and weakly linked to financial outcomes. This creates credibility risks, exposes organizations to accusations of greenwashing, and undermines the usefulness of sustainability information for decision-making. For emerging and developing markets in particular, capacity constraints, data limitations, and evolving regulatory expectations further compound these challenges.
This workshop is designed to respond to that bridge that gap. By focusing on practical reporting application rather than standard-by-standard exposition, it aims to equip participants with the tools, frameworks, and confidence required to prepare clear, coherent, and decision-useful sustainability disclosures aligned with IFRS S1 and S2. The workshop also recognizes sustainability reporting as a journey, supporting participants in moving from initial compliance toward mature, integrated, and credible sustainability reporting practices.
Key Topics

DAY
MODULE
TOPICS

DAY 1
A. Understanding the IFRS Sustainability Reporting Architecture
· The Need for Sustainability Reporting
· Purpose and scope of IFRS S1 and S2
· Position of sustainability disclosures within general-purpose financial reporting
· Relationship between IFRS Sustainability Standards and financial statements
· Transition from voluntary ESG reports to regulated disclosures
· Implications for preparers, boards, and auditors

B. Identifying Material Sustainability-related Risks and Opportunities
· Definition of sustainability-related risks and opportunities under IFRS S1
· Financial materiality vs impact materiality
· Practical approaches to identifying material topics
· Use of value chain analysis in materiality assessment
· Documentation and governance of materiality judgments

C. Reporting Governance, Strategy, and Risk Management
· Governance disclosures: roles of the board and management
· Linking sustainability risks and opportunities to strategy
· Integrating sustainability into enterprise risk management (ERM)
· Avoiding boilerplate disclosures
· Examples of strong vs weak IFRS S1 governance narratives

DAY 2
D. Selecting and Reporting Sustainability Metrics
· Principles for selecting appropriate metrics
· Industry-based disclosures and use of SASB standards
· Quantitative vs qualitative metrics
· Data sources, assumptions, and estimation uncertainty
· Ensuring consistency and comparability
·

E. Scenario Analysis
· Purpose and Benefits of Scenario Analysis
· Types of Scenarios
· Resilience Assessment
· Integration into Strategic Planning
· Disclosure Expectations under IFRS S2
· Governance of Scenario Analysis
· Challenges and Best Practices

F. GHG Accounting
· Cross-industry climate metrics
· Introduction to GHG Emissions
· Climate-Related Financial Risk and GHG Emissions
· GHG disclosure
· GHG key concepts
· GHG measurements
· Disaggregation of GHG emissions.

G. Connectivity Between Sustainability and Financial Reporting
· Linking sustainability risks to financial impacts
· Implications for revenue, costs, assets, liabilities, and provisions
· Consistency between sustainability disclosures and management commentary
· Avoiding contradictions between ESG reports and financial statements
· Preparing for assurance and audit scrutiny

H. Climate-related Risks and Opportunities under IFRS S2
· Physical vs transition climate risks
· Short-, medium-, and long-term climate impacts
· Identifying climate-related opportunities
· Value chain and geographic considerations
· Climate-related targets and transition plans

I. Preparing a Coherent IFRS S1 & S2–Aligned Report
· Structuring sustainability disclosures
· Integrating IFRS S1 and S2 requirements coherently
· Avoiding duplication across reports
· Readiness for assurance and regulatory review
· Roadmap for continuous improvement and year-on-year enhancement

TARGET AUDIENCE:
This training will be useful to all professional Accountants and professionals from all relevant cross-cutting disciplines since sustainability reporting and the IFRS Sustainability Disclosure Standards are professional agnostic.
CPD UNITS
Members who attend the workshop in full will earn 20 Structured CPD Units.
FINANCIAL COMMITMENT:

Category
Charges Physical
Virtual

Associate Members
Kes. 54,000 per Delegate
Kes. 25,000

Full Members
Kes. 59,000 per Delegate
Kes. 25,000

Non-Member
Kes. 64,000 per Delegate
Kes. 25,000

Charges will cater for stationery, daytime meals, learning and giveaway materials, online video access fees, learning materials, and e-certificates of attendance.
ONLINE BOOKING:
We call on Seminar participants to note that booking for 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
NATIONAL INDUSTRIAL TRAINING AUTHORITY (NITA) REIMBURSEMENT
The Institute is registered as a trainer with National Industrial Training Authority (formerly Department of Industrial Training -DIT). 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 ).
Further requests can be channeled to us via telephone calls on +254 719 074 100, or via email to marketing@icpak.com
We encourage members to regularly visit our website https://www.icpak.com for updates.

THE TAXATION MASTERCLASS 2026 EDITION 1 (mandatory training)
2026-03-02 09:00 - 2026-03-06 15:30 | Sawela Lodge, Naivasha, 00100, Kenya
INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(Established under Accountants Act, Laws of Kenya)
THE TAXATION MASTERCLASS 2026 EDITION 1
Theme: Strategic Tax Leadership for Compliance, Efficiency & Sustainable Growth
Date: 2nd – 6th March 2026
Time: 09.00am-03.30pm
Venue: Sawela Lodge, Naivasha
This is one of the mandatory trainings for Practicing Certificate consideration
OVERVIEW
Taxation is a cornerstone of organizational governance, regulatory compliance, and strategic decision-making, influencing virtually every facet of an organization’s operations. Beyond its primary function of generating revenue for governments, taxation shapes corporate strategy, guides financial planning, and informs sustainability initiatives. For modern organizations, effective tax management is not merely a compliance exercise but a critical element of strategic foresight. The current tax environment is highly dynamic, with frequent legislative amendments, increasingly sophisticated enforcement by tax authorities, the rise of digital tax administration, and the influence of international tax reforms creating both opportunities and risks. Professionals tasked with navigating these dynamics—be they accountants, finance managers, tax practitioners, or auditors—must possess an in-depth understanding of domestic and international tax regimes, proactive risk management techniques, and practical strategies to optimize tax positions while maintaining compliance.
The modern tax landscape in Kenya and across the globe presents multifaceted challenges that require comprehensive knowledge and careful navigation. Organizations face complex obligations such as corporate income tax, VAT, excise duties, transfer pricing rules, digital service taxes, and emerging environmental or ESG-linked tax initiatives. Simultaneously, compliance demands adherence to ethical standards, internal governance protocols, and transparent reporting practices. Mismanagement of tax obligations can result not only in financial penalties and legal sanctions but also in reputational damage that undermines stakeholder trust. The interconnected nature of taxation with corporate governance and operational decisions means that the roles of tax professionals extend far beyond traditional bookkeeping and filing. They are called upon to anticipate regulatory changes, interpret nuanced legislative provisions, advise management on strategic tax matters, and ensure that organizational tax practices align with broader business objectives and governance frameworks.
At the same time, taxation is increasingly recognized as a strategic instrument for organizational growth and sustainability. Thoughtful tax planning, aligned with both corporate strategy and environmental, social, and governance (ESG) objectives, enables organizations to optimize resources, leverage incentives, and mitigate financial and operational risks. Tax professionals are expected to operate as strategic advisors, moving beyond mere compliance reporting to interpret legislation, provide guidance on cross-border and digital transactions, and proactively engage with regulators to manage risk and unlock opportunities. Mastering these competencies requires a blend of technical expertise, analytical acumen, ethical judgment, and strategic insight. Professionals must be capable of assessing complex tax scenarios, modeling potential outcomes, and integrating tax considerations into broader corporate decision-making.
The Taxation Masterclass is designed to respond to these multifarious demands by equipping participants with practical, actionable skills and a deep understanding of the evolving tax environment. Through a structured curriculum combining technical instruction, interactive discussions, practical exercises, and real-world case studies, participants will engage with core topics such as corporate tax planning, VAT and indirect tax compliance, personal taxation, international taxation, transfer pricing, tax audits, dispute resolution, and emerging trends in digital and ESG-linked taxes. The program emphasizes the integration of technology in tax administration, highlighting how digital tools—such as e-filing systems, data analytics platforms, and automated compliance solutions—can enhance efficiency, accuracy, and strategic insight in tax management. By actively engaging with contemporary tax issues, delegates will develop the confidence and expertise needed to anticipate challenges and implement best practices in their organizations.
Leadership in taxation demands not only technical proficiency but also the ability to influence corporate decision-making and contribute meaningfully to organizational strategy. This Masterclass positions accountants and tax professionals as strategic partners who can align tax management with corporate objectives, strengthen compliance, and add tangible value to their organizations. Participants will learn to design and implement tax strategies that enhance long-term organizational performance, mitigate risks, and promote ethical, transparent, and accountable governance. By the end of the five-day program, delegates will be equipped to navigate complex tax matters, implement strategic tax solutions, effectively engage with regulators, and provide guidance that supports sustainable growth, innovation, and value creation.
In response to the evolving taxation landscape and the increasing strategic role of tax professionals, ICPAK has organized this Masterclass to provide a robust platform for professional development, peer exchange, and practical learning. This program creates an avenue for participants to engage with experts, explore real-world scenarios, and apply best practices that are aligned with both domestic and international standards. By the conclusion of the training, participants will possess the skills, insights, and strategic perspective necessary to manage complex tax environments, optimize organizational tax outcomes, ensure regulatory compliance, and strengthen public trust through ethical and effective tax practice.
During the masterclass the following areas will be covered:-

Recent Developments in Tax Administration and compliance
Transfer pricing
Taxation of lumpsum amounts /Gratuity
Deferred Taxation /Accounting
Corporate and Income Taxes emerging trends
Succession planning and Trust Accounting
Double tax agreements and MAP capital deductions and case laws
Tax Dispute Resolution Across East Africa and at the global level
Green economy and taxes
Mental Health and stress management
Customs tax emerging issues and compliance
Tax audits by KRA
Ethics in tax practise
Technology, Trends & Practical Insights: Digital Transformation in Tax

DETAILED MODULES

DAY
MODULE
TOPICS
KEY AREAS TO BE COVERED

DAY 1
Recent developments and emerging issues
· Recent Developments in Tax Administration and Compliance
· Corporate and Income Taxes emerging trends
· Customs tax emerging issues and compliance

· Recent Developments in Tax Administration and Compliance
· Corporate and Income Taxes: Emerging Trends
· Customs Tax: Emerging Issues and Compliance
· Indirect Taxes (VAT/GST): Recent Developments
· International Taxation and Cross-Border Transactions
· Tax Policy, Dispute Resolution, and Future Outlook

DAY 2
International taxes, transfer pricing and digital transformation
· Transfer pricing
· Double tax agreements and MAP capital deductions and case laws
· Technology, Trends & Practical Insights: Digital Transformation in Tax
· Transfer Pricing: Compliance, Risk Management, and Audit Readiness
· Double Tax Agreements (DTAs), Mutual Agreement Procedure (MAP), Capital Deductions, and Key Case Law Developments
· Technology, Trends & Practical Insights: Digital Transformation in Tax Administration and Compliance

DAY 3
Tax computation and accounting practicals
· Taxation of lumpsum amounts /Gratuity
· Deferred Taxation /Accounting
· Succession planning and Trust Accounting
· Taxation of Lump Sum Payments and Gratuity

Tax treatment of lump sum receipts
Gratuity taxation, exemptions, and compliance requirements
Employer and employee obligations

· Deferred Taxation and Tax Accounting Principles

Temporary vs permanent differences
Deferred tax assets and liabilities
Accounting standards and practical application

· Succession Planning and Trust Accounting

Tax implications of succession planning
Trust structures and fiduciary responsibilities
Trust accounting, reporting, and compliance

· Personal Income Tax Planning and Compliance

Income classification and deductions
Tax planning within legal frameworks
Filing requirements and common compliance errors

· Corporate Taxation and Financial Reporting

Corporate tax computation and disclosures
Interaction between tax and financial statements
Tax risk management and controls

DAY 4
Tax Dispute Resolution, Tax Audits
· Tax Dispute Resolution Across East Africa and at the global level
· Tax audits by KRA
· Mental Health and stress management

· Tax Dispute Resolution in East Africa and at the Global Level
· Tax Audits by KRA: Process, Risks, and Best Practices
· International Taxation and Transfer Pricing Disputes
· Mental Health and Stress Management for Tax and Finance Professionals

DAY 5
Ethics and Green economy tax
· Ethics in tax practise
· Green economy and taxes

· Ethics and Professional Responsibility in Tax Practice
o Ethical standards, integrity, and compliance
o Managing conflicts of interest and professional judgment
o Consequences of unethical tax practices
· Green Economy and Environmental Taxes
o Carbon taxes, environmental levies, and incentives
o Tax policy supporting sustainability and climate goals
o ESG considerations and green tax compliance

TARGET AUDIENCE
ICPAK Members ,Accountants in both private and public sector , Chief Finance Officers, Finance Directors and Managers, Private and Public Tax Practitioners, Public Sector Accountants, Transaction Advisors, Engagement Partners and Key Audit staff, Banking, Financial services sector Accountants, Internal Auditors, Professionals working in Government and private sectors, Accountants in Academia, current and potential members of ICPAK, members of other professional associations.
YOUR FINANCIAL COMMITMENT
The seminar charges are Ksh 95,000 per delegate for both members and non-members.
Continuous Professional Development Units:
Members of ICPAK and other reciprocating professional bodies will earn 20 CPD points upon successfully attending the Master Class.
Online Booking:
We 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
National Industrial Training Authority (NITA) Reimbursement:
The 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)

WORKSHOP FOR ACCOUNTANTS IN LEARNING INSTITUTIONS AND HOSPITALS
2026-03-04 09:00 - 2026-03-06 15:30 | Acacia Premier Hotel
THE INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(Established under the Accountants Act, Laws of Kenya)
WORKSHOP FOR ACCOUNTANTS IN LEARNING INSTITUTIONS AND HOSPITALS
Theme: Enhancing Financial Accountability & Compliance in Public Service Institutions
Date: 4th -6th March 2026
Time: 09.00am-03.30pm
Venue: Acacia Premier Hotel, Kisumu
OVERVIEW:
Learning institutions and hospitals operate in increasingly complex financial environments. They handle multi-source funding, strict regulatory demands, rapidly evolving accounting standards, digitization requirements, and heightened expectations for transparency and accountability. Accountants in these sectors face unique challenges, including:

Ensuring compliance with public financial management (PFM) regulations,
Managing restricted funds, grants, and donor-supported programs,
Implementing IPSAS/IFRS-based reporting,
Strengthening internal controls and audit readiness,
Adopting digital and automated financial systems,
Enhancing financial planning to support service delivery and institutional growth.

To address these capacity gaps, this workshop aims to upgrade the competencies of accountants from educational and health institutions, ensuring more efficient financial governance and improved institutional performance.
The following topics will be covered:
1. Regulatory & Compliance Frameworks

Overview of applicable accounting standards (e.g., IPSAS, IFRS, INPAS) for education and healthcare institutions
Differences in reporting requirements between public, private, and non-profit institutions
Compliance with government funding, grants, and donor restrictions
Audit readiness and responding to regulatory inspections

2. Financial Reporting & Transparency

Best practices in financial statement preparation for schools and hospitals
Segment reporting: academic programs, departments, clinical services, and cost centers
Disclosure requirements for tuition revenue, patient service revenue, and subsidies
Enhancing transparency for boards, regulators, donors, and the public

3. Revenue Recognition & Funding Models

Accounting for tuition fees, scholarships, and deferred revenue
Patient billing, insurance claims, and third-party reimbursements
Grants, endowments, donations, and restricted funds
Government funding and performance-based financing

4. Cost Accounting & Budgeting

Cost allocation methodologies for departments, faculties, and clinical units
Activity-based costing in hospitals and educational institutions
Budget preparation, monitoring, and variance analysis
Managing rising operational costs while maintaining service quality

5. Asset Management & Capital Accounting

Accounting for buildings, medical equipment, laboratories, and IT infrastructure
Depreciation, impairment, and asset revaluation
Capital projects, donor-funded assets, and lease accounting
Maintenance costs vs. capital expenditures

6. Internal Controls & Risk Management

Designing effective internal control systems
Fraud risks in tuition collection, billing, procurement, and payroll
Segregation of duties and authorization controls
Risk assessment and mitigation strategies

7. Technology & Digital Reporting

Financial management information systems (FMIS) for schools and hospitals
Integration of accounting systems with student and patient management systems
Automation of reporting and reconciliation processes
Data security, privacy, and access controls

8. Performance Measurement & Financial Sustainability

Key financial and operational performance indicators
Linking financial data with educational and healthcare outcomes
Long-term financial sustainability and cash flow management
Scenario planning and stress testing

9. Governance, Ethics & Accountability

Roles of boards, finance committees, and management
Ethical issues in financial reporting and resource allocation
Accountability to students, patients, donors, and the public
Managing conflicts of interest

Office of Auditor General feed backs on audit of learning institutions and hospitals

TARGET AUDIENCE
This workshop targets Accountants in learning Institutions and Hospitals in the public and private sectors.
CONTINUOUS PROFESSIONAL DEVELOPMENT UNITS
Members of ICPAK and those from other reciprocating professional bodies will earn 20 CPD units upon successfully attending all workshop sessions.
FINANCIAL COMMITMENT:

Category
Charges Physical

Associate Members
Kes 40,000 per Delegate

Full Members
Kes. 45,000 per Delegate

Non-Member
Kes. 50,000 per Delegate

Accommodation
Delegates are advised to make own travel and accommodation arrangements

**Charges will cater for daytime meals, conference giveaways, learning materials, and certificates of attendance.
ONLINE BOOKING:
We call on seminar participants to note that booking is available only online at www.icpak.com/events.
Delegates are reminded to note that online booking for training sessions is MANDATORY. This is available either online at www.icpak.com/events or on the ICPAK Live – A smart phone-based application that is available from google store.
NATIONAL INDUSTRIAL TRAINING AUTHORITY (NITA) REIMBURSEMENT:
The 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)
Further requests can be channeled to us via telephone calls on +254 719 074 100, or via email to marketing@icpak.com.
We encourage members to regularly visit our website https://www.icpak.com for updates.

THE MANAGEMENT ACCOUNTING AND STRATEGY CONFERENCE 2026
2026-03-09 09:00 - 2026-03-13 15:30 | Travellers Beach Hotel & Club, Mombasa, Mombasa, Kenya
INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(Established under the Accountants Act, Laws of Kenya)
THE MANAGEMENT ACCOUNTING AND STRATEGY CONFERENCE
Date: 9th – 13th March 2026
Time: 09.00am-03.30pm
Venue: Travellers Beach Hotel and Club, Mombasa
Theme: Strategic Management Accounting for Value Creation, Performance Excellence & Sustainable Growth
OVERVIEW
Management accounting has transformed significantly from its traditional role of cost tracking and financial control to a strategic function that supports organizational value creation, performance excellence, and long-term sustainability. In an increasingly volatile business environment, management accountants are now required to provide forward-looking insights, integrate financial intelligence with strategic planning, and enhance decision-making through robust analytical tools. This shift reflects the growing recognition of management accounting as a cornerstone of competitive advantage and institutional resilience.
A strong management accounting framework brings together financial analysis, risk management, budgeting, forecasting, and performance monitoring into a cohesive system that drives strategic clarity. Through techniques such as scenario analysis, cost optimization, and strategic performance measurement, management accountants help organizations align strategic objectives with daily operations. These functions empower leaders to anticipate emerging risks, deploy resources efficiently, and strengthen operational discipline in a way that enhances organizational agility and sustainability.
Organizations are also experiencing heightened expectations around accountability, performance, and resource stewardship. Management accounting plays an indispensable role in supporting these demands by offering structured tools such as variance analysis, performance reviews, and value-for-money assessments. These tools enable institutions to detect inefficiencies, measure progress against strategic goals, and ensure that financial decisions are aligned with long-term priorities. In environments where public trust, governance, and cost efficiency are critical, the role of management accountants becomes even more central.
Digital transformation is reshaping management accounting by introducing advanced tools such as automation, predictive analytics, digital dashboards, and integrated reporting systems. These technologies enable real-time monitoring of performance, more accurate forecasting, and deeper insights into organizational dynamics. As organizations adopt these innovations, management accountants are increasingly stepping into strategic leadership roles—driving transformation, facilitating data-driven decisions, and integrating financial and non-financial metrics to create a holistic performance landscape.
It is in response to these evolving demands that the Institute of Certified Public Accountants of Kenya (ICPAK) has organized the Management Accounting & Strategy Conference. This program brings together accountants, finance managers, strategy professionals, auditors, public-sector leaders, and governance practitioners to explore modern tools, strategic frameworks, and best practices in management accounting. Through expert-led sessions, case studies, and interactive discussions, delegates will gain practical skills to strengthen value creation, improve decision-making, support strategy execution, and enhance organizational performance.

Basic understanding of accounting terminology, general ledgers, and charts of accounts
Key techniques in Management Accounting:

Margin analysis
Constraint analysis
Capital budgeting
Inventory valuation and product costing
Trend analysis and forecasting

Managerial decision-making using accounting reports and financial statements, including balance sheet, income, and cash flow statements
Automation of budgeting process and the related internal controls processes: An overview of key functionalities from various ERPs and IFMIS
Financial Analysis: Business health and performance assessment via financial ratio analysis.
Horizontal and vertical financial analysis: Performance, profitability, investment, capital gearing, liquidity, and solvency Ratios
Key accounting concepts and formulas: Accounting costs, Expenses, Revenues, Profit and Loss (P&L), Break-even Analysis (BEA), Assets and Liabilities, Stocks, Shares, Bonds, Earnings, Dividends, Shareholder’s Equity.
Key accounting concepts and formulas: Cash Flow, Debt, Debt Collection Period, Earnings per Share (EPS), EBITDA, Depreciation, and amortization.
Overview of the strategic planning process, milestones, and key stakeholders
Understanding the 5 key elements of strategic planning:

Defining of vision
Crafting of values
Determination of desired outcomes
Declaration of explicit accountability
Establishment of leading KPIs

Review of different strategic planning templates
Incorporating external factors, environmental analysis, and risk assessment to the strategic plan
Discission of the most common strategic planning pitfalls
Sustainability considerations during the strategic planning process for organisations during a crisis: The case for or against long term strategic plans
Using analytics to monitor performance & strengthening strategic decision-making through data
Sustainability reporting using IFRS S1 & S2– Key metrics for Management Accounting Professionals
Embracing technology in Management Accounting:

How AI can be used to support Management accounting beginners and advanced
Application of advanced excel in decision making
Ethical considerations in AI use

Navigating office politics and developing resilience as professionals

TARGET AUDIENCE
Management accountants, Chief Finance Officers, Finance Directors and Managers, Private and Public Audit Practitioners, Public Sector Accountants, Transaction Advisors, Engagement Partners and Key Audit staff, Banking, Financial services sector Accountants, Internal Auditors, Tax Practitioners, Professionals working in Government and private sectors, Accountants in Academia, current and potential members of ICPAK, members of other professional associations.
YOUR FINANCIAL COMMITMENT:

Category
Charges Physical

Associate Members
Kes 54,000 per Delegate

Full Members
Kes. 59,000 per Delegate

Non-Member
Kes. 64,000 per Delegate

** Delegates to make their travel and accommodation arrangements
CPD UNITS
Members of ICPAK and reciprocating professional bodies will be awarded 20 CPD Units upon successfully attending all seminar sessions.
NITA REIMBURSEMENT
The Institute is registered as a trainer with the National Industrial Training Authority (NITA) 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. To qualify you should apply to NITA for approval prior to the date of the seminar. Further details can be obtained from their website (www.nita.go.ke)
Further requests can be channeled to us via telephone calls on +254 719 074 000, or via email to marketing@icpak.com .

CORPORATE GOVERNANCE AND LEADERSHIP CONFERENCE 2026
2026-03-16 09:00 - 2026-03-20 15:30 | Sarova Whitesands Beach Resort and Spa, Mombasa, Kenya
INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(Established under Accountants Act, Laws of Kenya)
CORPORATE GOVERNANCE & LEADERSHIP CONFERENCE
Theme: Integrating Principles of Corporate Governance into The Values System of Leaders in Kenya
Date: 16th to 20th March 2026
Time: 09.00am-03.30pm
Venue: Sarova Whitesands Beach Hotel & Spa Mombasa
INTRODUCTION
Corporate governance is a system of rules, policies, and practices that dictate how a company’s board of directors manages and oversees the operations of a company. Corporate governance includes principles of transparency, accountability, and security. Poor corporate governance, at best, leads to a company failing to achieve its stated goals, and, at worst, can lead to the collapse of the company and significant financial losses for shareholders.
Perhaps one of the most important principles of corporate governance is the recognition of shareholders. The recognition is two-fold. First, there is the basic recognition of the importance of shareholders to any company – people who buy the company’s stock fund its operations. Equity is one of the major sources of funding for businesses. Second, from the basic recognition of shareholder importance follows the principle of responsibility to shareholders. The policy of allowing shareholders to elect a board of directors is critical. This means that shareholders, effectively, have a direct say in how a company is run.
Shareholder interest is a major part of corporate governance. Shareholders may reach out to the members of the community who don’t necessarily hold an interest in the company but who can nonetheless benefit from its goods or services. Reaching out to the members of the community encourages lines of communication that promote company transparency. It means that all members of the community – those who are directly or indirectly affected by the company – and members of the press get a clear sense of the company’s goals, tactics, and how it is doing in general. Transparency means that anyone, whether inside or outside the company, can choose to review and verify the company’s actions. This fosters trust and is likely to encourage more individuals to patronize the company and possibly become shareholders as well.
An increasingly important aspect of corporate governance is security. Shareholders and customers/clients need to feel confident that their personal information is not being leaked or accessed by unauthorized users. It’s equally important to ensure that the company’s proprietary processes and trade secrets are secure. A data breach is not just very expensive. It also weakens public trust in the company, which can have a drastically negative effect on its stock price. Losing investor trust means losing access to capital that is necessary for corporate growth. Everyone in a company, from entry-level staffers to members of the board, needs to be well-versed in corporate security procedures such as passwords and authentication methods.
Leadership, both as a research area and as a practical skill, encompasses the ability of an individual, group or organization to lead, influence or guide other individuals, teams, or entire organizations. Throughout history, great leaders have emerged with leadership styles in providing direction, implementing plans and motivating people. These can be broadly grouped into 5 different categories such as Authoritarian Leadership, Participative Leadership, Delegative Leadership, Transactional Leadership and Transformational Leadership. Despite these definitions, most leaders still struggle with the meaning of each leadership style mentioned above, the difference between each leadership approach as well as the advantages and disadvantages of each style. This conference will explore each of these styles and provide an avenue for leaders to discuss on the best approach to take in leading their teams.
All leadership styles serve a purpose depending on the situation, type of organization or industry, and the personalities of the leadership and employees involved. The best approach is to become familiar with all leadership styles and understand the applications of each style. You will likely have a default style of leadership that you naturally exhibit or turn to. However, it is important that you are flexible in how you lead others. To understand when to employ each type of leadership style it is essential to develop your ability to diagnose needs, communicate effectively, and be flexible in how you make decisions and interact with others.
Leadership in business is the capacity of a company’s management to set and achieve challenging goals, take fast and decisive action when needed, outperform the competition, and inspire others to perform at their highest levels. Leadership also speaks to a more holistic approach, such as the tone of an organization or the culture that management establishes. Individuals with strong leadership skills in the business world often rise to executive positions.
Effective leadership includes exhibiting a strong character. Leaders exhibit honesty, integrity, trustworthiness, and ethics. Leaders act in line with how they speak and earn the right to be responsible for others’ success in the organization. Strong leadership involves clear communication skills. Leaders speak with and listen to staff members, respond to questions and concerns, and are empathetic. Leaders use effective communication skills for moving the company forward and achieving new levels of success.
Values refer to beliefs or ideals shared by the members of a culture about what is good or bad, desirable or undesirable. They are standards of conduct, efficiency or worth which a society endorses, maintains and even transmits to her members. Principles of Governance are normative principles that guide the state to perform its functions in a manner that promotes the general wellbeing of its people.
National Values and Principles of Governance are fundamental beliefs or ideals that guide the choices, actions and behaviour of a nation. They are critical in building national identity and national character that guides the realization of national development. In addition, National Values exert influence on the way individuals relate with one another, how communities engage one another and how citizens and government interact to promote peace, national unity and cohesion.
National Values and Principles of Governance are key in managing diversity and building national social capital that surpasses ethnic, religious, class and racial limitations. They cultivate internal social and cultural coherence which are based on national norms and interests that govern interactions focused on achieving national common good. It is because of the central role of values in organising, inspiring, transforming, and guiding Kenyans that they are enshrined in Article 10 of the Constitution. The National Values and Principles of Governance facilitate the building of bridges among communities, ethnic, religious, and racial traditions and establish constitutionalism that binds and integrates Kenyans into a unitary nation-state. They provide opportunities to individuals and groups to pursue freedoms and happiness in a diverse society and a firmly united nation.
This Conference will provide delegates with the opportunity to discuss issues and challenges as well as dwell on topical areas such as:

An overview of King IV Code of Corporate Governance
Implementation of the Mwongozo code of Corporate Governance in Kenya
Effective management of shareholder activism
Legal, Institutional Policy Frameworks and Administrative Actions for the promotion of national values and principles of governance
Corporate governance principles: An overview of the book G20/OECD- Principles of Corporate Governance
Emerging trends in Board and executive compensation schemes
Failures of corporate governance on both international and local landscape: A review of various case studies
Mainstreaming national values for behaviour change in Kenya
Enhancing public trust through strengthening of corporate data security systems and processes
Challenges that weaken the drive towards a cohesive united, peaceful, and prosperous nation
Enhancing transparency through improved Corporate Governance reporting and disclosures
Sustaining ethical leadership under high pressure environments and turbulent times
An overview of different leadership styles:

Authoritarian Leadership
Participative Leadership
Delegative Leadership
Transactional Leadership
Transformational Leadership

Modern day leadership: Leading inter- generational teams
The place of leadership in managing productivity & time management: A look at the tools and technology for use by leaders in modern times
The role of transformational leadership in leading and managing change
Effective communication styles and tips for leaders: Enhancing presentation skills and influence in engagements

FINANCIAL COMMITMENT:

Category
Charges Physical

Associate Members
Kes 54,000 per Delegate

Full Members
Kes. 59,000 per Delegate

Non-Member
Kes. 64,000 per Delegate

Accommodation
Delegates are advised to make own travel and accommodation arrangements

**Charges will cater for daytime meals, conference giveaways, learning materials, and certificates of attendance.
CONTINUOUS PROFESSIONAL DEVELOPMENT UNITS
Members of ICPAK and other reciprocating professional bodies will earn 20 Structured CPD points upon successfully attending the Governance and Leadership Conference.
NATIONAL INDUSTRIAL TRAINING AUTHORITY (NITA) REIMBURSEMENT
The 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).
SPONSORSHIP OPPORTUNITIES & ADDITIONAL INFORMATION
The Governance and Leadership Conference attracts over 200 participants drawn from both the public and private sectors presenting a rare chance for exhibitors and sponsors. Those interested in sponsoring this event can reach us through raphael.nguli@icpak.com. Other requests for information can be channelled to us via telephone on +254 719 074 100/129.
Further requests can be channeled to us via telephone calls on, +254 719 074 100, or via email to marketing@icpak.com
We encourage you to regularly visit our website www.icpak.com for updates on the Conference.

FINANCIAL REPORTING FOR COUNTY GOVERNMENTS AND OTHER PUBLIC-SECTOR ENTITIES 2026
2026-03-23 09:00 - 2026-03-27 15:30 | Sarova Whitesands Beach Resort & Spa Mombasa, Mombasa
INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(Established under the Accountants Act, Laws of Kenya)
FINANCIAL REPORTING FOR COUNTY GOVERNMENTS & OTHER PUBLIC-SECTOR ENTITIES 2026
Date: 23rd -27th March 2026
Venue: Sarova Whitesands Beach Resort, Mombasa
Theme: Strengthening Public Sector Accountability through Enhanced Financial Reporting Practices
OVERVIEW
High-quality financial reporting remains a cornerstone of good governance, prudent resource management, and public accountability across County Governments and public-sector institutions. In a context where citizens increasingly demand transparency and evidence-based decision-making, financial reports must provide a clear, accurate, and comprehensive reflection of how public resources have been planned, allocated, and utilized. Robust reporting enhances credibility, supports better oversight, and enables institutions to demonstrate stewardship over assets, liabilities, and public funds. As governance evolves, financial reporting is no longer a routine administrative function but a strategic tool that directly influences trust, service delivery, and institutional legitimacy.
Effective financial reporting requires more than compiling figures at year-end. It is built on well-structured processes, a strong internal control environment, and adherence to established standards such as those issued by the Public Sector Accounting Standards Board (PSASB), which align with the International Public Sector Accounting Standards (IPSAS). This includes consistent application of recognition, measurement, and disclosure principles; maintenance of reliable asset registers; regular reconciliations; and preparation of budgets that clearly articulate strategic priorities. When executed properly, these standards enhance comparability across public institutions and strengthen compliance with statutory requirements under the Public Finance Management (PFM) Act and its associated regulations.
Despite advancements in public financial management reforms, County Governments and public-sector entities continue to face persistent challenges that undermine the quality of financial statements. These include incomplete asset valuation exercises, pending bills, irregular expenditure, weak documentation, limited automation, skills gaps, and inconsistencies in applying IPSAS-compliant templates. Such challenges contribute to recurring audit queries, delay in reporting, reduced fiscal discipline, and diminished public trust. Addressing these issues requires targeted interventions, capacity building, and leadership commitment to improving financial management systems and practices.
The public sector now operates in a dynamic environment shaped by evolving regulations, heightened audit expectations, technological disruption, and increased scrutiny from citizens and oversight bodies. Complex issues such as climate-related disclosures, budget execution pressures, stalled development projects, and governance risks demand robust and forward-looking reporting frameworks. County Governments must adopt modern approaches that integrate financial data with risk, performance, and service delivery information. Strengthening these linkages ensures that financial reports are not only compliant but also relevant, insightful, and aligned with national development agendas.
Furthermore, dependence on traditional manual processes exposes entities to errors, inefficiencies, and compliance challenges. Emerging digital solutions—including integrated financial management systems (such as IFMIS), digital asset registers, automated reconciliations, and analytics tools—offer opportunities to enhance accuracy, timeliness, and transparency. The adoption of these tools, supported by trained professionals and sound internal controls, enables institutions to transition from reactive financial reporting to proactive, data-driven decision-making. This transformation strengthens accountability, supports evidence-based budgeting, and ensures that public resources are managed responsibly.
In response to these developments, the Institute of Certified Public Accountants of Kenya (ICPAK) has organized this comprehensive program to build the technical and practical competencies required for preparing high-quality financial statements in line with PSASB and reporting requirements. The training provides an in-depth exploration of reporting standards, budgeting frameworks, audit processes, internal controls, asset management, and emerging trends in public-sector reporting. Through expert-led sessions, case studies, and peer learning, participants will gain practical insights into common pitfalls, receive updated templates and tools, and develop actionable strategies to strengthen financial reporting, enhance governance, and improve service delivery within their respective institutions.
During the workshop the following areas will be covered: –

Public Sector Budgeting: Feedback from the Office of the Controller of Budget
Cashflow Management and financial planning for counties

Long-term financial sustainability analysis
Revenue forecasting and modeling
Fiscal strategy development
Budget-performance linkage
Financial scenario planning

Deferred Income & Taxation in the Public Sector

Recognition & measurement of deferred income under IPSAS 23
Treatment of conditional vs unconditional grants
PAYE, VAT & Withholding tax compliance for counties
Tax implications of county revenue streams

4. Leases (IPSAS 43)

Transition from IPSAS 13 to IPSAS 43 (IFRS 16 equivalent)
Recognition of Right-of-Use (ROU) assets & lease liabilities
Lease disclosures and presentation
Practical county examples

Mental Health & Wellness for Finance Professionals
Strengthening Internal Audit Functions in Public Sector Entities
Risk Management:

Internal Controls, Risk Management & Audit Readiness
Enterprise Risk Management (ERM) frameworks for public sector entities
Identifying and assessing financial risks
Internal controls & risk mitigation
Fraud risk and integrity management
Developing risk registers and heat maps

IPSAS Accrual: Milestones achieved so far
In depth discussions on:

IPSAS 1 – Presentation of Financial Statements
IPSAS 31 – Intangible Assets
IPSAS 41 – Financial Instruments

Asset Management & Reporting-IPSAS45

Asset registers creation & verification
Valuation and revaluation of county assets
Depreciation under IPSAS 45
Disposal procedures & audit trails

Inventory management and stock taking

Feedback from FiRe Award for Public Sector Entities
Updates from the Auditor General on Common Reporting Gaps, Errors & How to Resolve Them

TARGET AUDIENCE
ICPAK Members ,Accountants in public sector ,Members of Boards in public corporations, Chief Finance Officers, Finance Directors and Managers, Private and Public Audit Practitioners, Public Sector Accountants, Transaction Advisors, Engagement Partners and Key Audit staff, Banking, Financial services sector Accountants, Internal Auditors, Professionals working in Government and private sectors, Accountants in Academia, current and potential members of ICPAK, members of other professional associations.
YOUR FINANCIAL COMMITMENT
FINANCIAL COMMITMENT:

Category
Charges Physical

Associate Members
Kes 54,000 per Delegate

Full Members
Kes. 59,000 per Delegate

Non-Member
Kes. 64,000 per Delegate

Accommodation
Delegates are advised to make own travel and accommodation arrangements

**Charges will cater for daytime meals, conference giveaways, learning materials, and certificates of attendance.
CPD UNITS
Members of ICPAK and reciprocating professional bodies will be awarded 20 CPD Units upon successfully attending all seminar sessions.
NITA REIMBURSEMENT
The Institute is registered as a trainer with the National Industrial Training Authority (NITA) 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. To qualify you should apply to NITA for approval prior to the date of the seminar.
Further requests can be channeled to us via telephone calls on +254 719 074 000, or via email to marketing@icpak.com

GRANTS MANAGEMENT, COMPLIANCE AND FINANCIAL REPORTING SEMINAR 2026
2026-03-30 09:00 - 2026-04-02 15:30 | Sarova Woodlands Hotel, Nakuru
INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(Established under the Accountants Act, Laws of Kenya)
GRANTS MANAGEMENT, COMPLIANCE & FINANCIAL REPORTING SEMINAR
Date: 30th March – 2nd April 2026
Venue: SAROVA WOODLADS HOTEL, NAKURU
Theme: “Strengthening Grants Management and Financial Reporting to Safeguard Donor Confidence”
OVERVIEW
The operational and accountability landscape for Non-Profit Organizations (NPOs) and grant-funded entities is becoming increasingly complex and demanding. Stakeholders, including donors, regulators, beneficiaries, and the public, require enhanced transparency, rigorous compliance, and comprehensive reporting that goes beyond mere financial numbers to demonstrate impact and sustainability.
A pivotal development in this environment is the gradual adoption and transition to the International Non-Profit Accounting Standards (INPAS). These standards provide a globally accepted accounting framework tailored specifically for the unique characteristics of not-for-profit entities. Transitioning to INPAS requires NPOs to strengthen their financial management systems, adopt accrual accounting principles, improve recognition of assets and liabilities, and enhance the accuracy and consistency of financial reporting. This transition poses significant challenges, including revising accounting policies, training finance teams, and aligning donor reporting with new standards, all while maintaining operational continuity and compliance with varying donor requirements.
In parallel, there is growing recognition of the importance of narrative reporting in the nonprofit sector. Donors and stakeholders increasingly seek richer contextual information that links financial inputs to programme outcomes and social impact. Narrative reporting complements financial statements by providing qualitative insights into how funds are utilized to achieve mission objectives, thereby fostering trust, accountability, and informed decision-making.
Effective budgeting is another cornerstone of sound grants management. Accurate and realistic budgets enable NPOs to allocate resources efficiently, respond to dynamic programme needs, and comply with donor restrictions and cost recovery policies. However, many organizations face challenges in preparing budgets that balance operational realities with donor expectations, including handling multi-year grants, exchange rate volatility, and overhead allocations.
Additionally, the rising global emphasis on Environmental, Social, and Governance (ESG) considerations is reshaping how NPOs operate and report. Stakeholders now expect nonprofits to embed ESG principles into their governance, operational practices, and reporting frameworks. This includes managing environmental impacts, promoting social inclusion and equity, and demonstrating good governance and ethical practices. Integrating ESG into financial and narrative reporting enhances organizational resilience, donor confidence, and the overall sustainability of programmes.
This seminar aims to equip grants managers, finance professionals, programme officers, and compliance personnel with the knowledge, skills, and practical tools to effectively manage grants through the entire lifecycle, ensure compliance with donor and regulatory requirements, prepare robust financial and narrative reports, and integrate ESG considerations into their operations. By addressing the challenges and opportunities presented by INPAS transition, narrative reporting, effective budgeting, and ESG integration, the seminar supports NPOs to strengthen accountability, improve audit readiness, and demonstrate their commitment to transparent, impactful stewardship of resources.
Additionally, the following topics will be discussed during the sessions:

DAY
MODULE
TOPICS

DAY 1
Grants Landscape & the Grant Lifecycle

· Fundamentals of Grants Management
· Types of grants
· Key stages
· Roles & responsibilities

Grant Agreements, Terms & Conditions, and Compliance Obligations
· Relationship between actuarial valuation reports and financial statements
· Interpreting grant agreements, annexes and budget lines.
· Common restrictive clauses (eligibility, branding, procurement rules, currencies).
· Compliance calendars and performance indicators.

Budgeting for Grants: From Proposal to Approved Budget
· Types of costs: direct vs indirect, capital vs recurrent, allocable vs unallowable.
· Cost principles, allocation methods and overheads/indirect cost rates.
· Budget revisions and re-forecasting

DAY 2
Procurement, Asset Management & Eligible Costs
· Donor procurement rules vs procurement best practice.
· Tendering, supplier selection, contract management and conflict-of-interest controls.
· Capitalisation, fixed assets register and disposals under donors’ rules.

INPAS: Purpose, Scope and Strategic Implications for Kenyan NPOs
· Why INPAS was developed and its principal objectives (transparency, comparability, credibility).
· INPAS’ scope, relationship to IFRS for SMEs / IFRS / IPSAS and when NPOs should use it.
· High-level differences NPOs must anticipate (fund accounting, narrative reporting, grant treatment).
· Strategic implications for boards, funders and auditors; setting a sectoral adoption roadmap.

Transition to INPAS: Practical Steps & Required Disclosures
· Transition mechanics: retrospective application, reconciliation requirements and required narratives.
· Preparing the reconciliation of net assets and surplus/deficit to prior framework (checklist).
· Handling impracticability and undue cost/effort exemptions (disclosure expectations).
· Project plan template: stakeholder map, data gaps, timetable and governance for transition

DAY 3
Fund Accounting & Restricted Funds under INPAS
· Core concepts: restricted vs unrestricted funds and fund presentation requirements.
· Recognition and measurement of donor-restricted grants and endowments.
· Designing fund ledgers, chart of accounts and disclosures aligned to B8 Fund Accounting.
· Practical ledgers and reclassification examples.

Narrative Reporting: Making Financials Decision-Useful
· Minimum narrative components required by INPAS (management commentary / narrative reporting).
· Linking narrative reporting to financial statements and programme outcomes.
· Materiality, non-financial KPIs and the user-focus principle in INPAS narrative guidance.
· Practical template for an NPO narrative report.

Compliance and Regulatory Reporting (PBORA focus)
· PBO Act, 2024 & upcoming regulations
· Interplay between INPAS financial statements and regulatory returns; common differences.
· PBORA reporting obligations, registration, and compliance checkpoints.
· Reconciling INPAS financial statements to statutory submissions and donor reports.
· Practical checklist for avoiding regulatory penalties and improving PBORA liaison.

DAY 4
Effective Budgeting for Non-Profit Organisations
· Purpose of budgeting in the NPO context
· Types of budgets used by NPOs
· Key budgeting challenges in NPOs
· Budget preparation best practices
· Budget monitoring and control
· Role of budgets in donor and regulatory reporting

ESG Considerations for NPOs – Applying IFRS Sustainability Disclosure Concepts

Why ESG and IFRS Sustainability concepts matter for NPOs
Applying IFRS S1 (General Sustainability-Related Disclosures) in the NPO context
Applying IFRS S2 (Climate-Related Disclosures) in the NPO context

TARGET AUDIENCE
The sessions will be beneficial to professional Accountants, Heads of Finance, strategy consultants, academia and other professionals working in the NGO, NPO sectors and organizations that receive grants.
CONTINUOUS PROFESSIONAL DEVELOPMENT UNITS (CPD UNITS):
Members of ICPAK and reciprocating professional bodies will be awarded 20 Structured CPD Units upon successful completion of the Seminar.
FINANCIAL COMMITMENT:

Category
Charges Physical

Associate Members
Kes 40,000 per Delegate

Full Members
Kes. 45,000 per Delegate

Non-Member
Kes. 50,000 per Delegate

Accommodation
Delegates are advised to make own travel and accommodation arrangements

**Charges will cater for daytime meals, conference giveaways, learning materials, and certificates of attendance.
ONLINE BOOKING
Registration: Delegates are reminded to note that online booking for seminar is mandatory on https://www.icpak.com/event-registration/Online Booking
We 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. Delegates are reminded to note that online booking for training sessions is mandatory.
NATIONAL INDUSTRIAL TRAINING AUTHORITY (NITA) REIMBURSEMENT
The 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 seminar. Further details can be obtained from their website (www.nita.go.ke)
Further requests can be channeled to us via telephone calls on +254 719 074 000, or via email to marketing@icpak.com

THE 9TH BOARD MASTERCLASS
2026-04-13 09:00 - 2026-04-17 15:30 | Sarova Whitesands Beach Resort and Spa, Mombasa, Kenya
INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(Established under Accountants Act, Laws of Kenya)
THE 9TH BOARD MASTERCLASS
Theme: Agile and Future-Ready Boards: Driving Value, Resilience, and Strategic Leadership
DATE: 13TH – 17TH APRIL 2026
TIME: 09.00AM-03.30PM
VENUE: SAROVA WHITESANDS BEACH RESORT & SPA, MOMBASA
OVERVIEW
Boards of directors are the ultimate custodians of an organization’s purpose, mission, and long-term value creation. They carry the responsibility of guiding institutions through complex and often unpredictable environments while ensuring that stakeholder trust, public accountability, and organizational integrity are upheld. In today’s fast-evolving landscape, boards are confronted with unprecedented pressures that range from technological disruption, rapid digitization, and market volatility to regulatory shifts, ESG imperatives, climate-related risks, geopolitical instability, and heightened expectations from investors, regulators, and the public for transparency, accountability, and sustainable impact.
The ability to respond effectively to these multidimensional pressures requires more than technical expertise; it calls for strategic foresight, adaptive leadership, emotional intelligence, and a profound understanding of governance dynamics. Board members must make informed, forward-looking decisions while simultaneously fostering alignment, collaboration, and cohesion among diverse stakeholders within and outside the boardroom.
The role of the board chair has never been more critical. Chairs are tasked with orchestrating the board’s overall effectiveness, navigating the interplay of diverse personalities, resolving conflicts, and ensuring that governance processes are executed efficiently and transparently. They must cultivate strong, productive relationships with the CEO, Board Secretary, and management team while ensuring that directors collectively exercise their fiduciary duties to the highest standard. The effectiveness of the chair in balancing the contributions of both first-time and experienced directors can significantly influence board culture, decision-making quality, and organizational performance. Similarly, boards must actively work to establish a culture of trust, accountability, and continuous learning, while ensuring that strategic priorities are translated into actionable outcomes for the organization.
The 21st-century boardroom is no longer a ceremonial space reserved for quarterly reviews or compliance reporting. It has evolved into a dynamic and strategic arena where governance, strategy, risk management, and stakeholder engagement converge. Directors are expected to cultivate agility, enabling them to anticipate change, respond effectively in real time, and make decisions under uncertainty. Agile boards are characterized by their ability to embrace diversity of thought, encourage psychological safety, promote constructive dissent, and challenge entrenched assumptions. They are courageous and innovative, willing to rethink strategy, disrupt legacy processes, and lead organizational transformation while maintaining focus on long-term sustainability. In this environment, boards that fail to adapt risk falling behind, as stakeholders increasingly demand evidence of proactive leadership, ethical decision-making, and measurable organizational impact.
Sustainability and ESG considerations have transitioned from peripheral topics to central elements of board responsibility. Directors are expected to oversee climate action, social initiatives, ethical conduct, and integrated reporting with the same rigor traditionally applied to financial oversight. Boards must ensure that ESG strategies are aligned with organizational objectives, embedded into decision-making frameworks, and communicated transparently to stakeholders. In parallel, the rapid advancement of technology has transformed how boards operate. Digital intelligence—including AI, data governance, cybersecurity, and emerging tech—requires directors to be well-versed in tech-driven risks and opportunities, enabling them to provide strategic oversight of digital transformation initiatives. The convergence of ESG, technological innovation, and governance demands that boards operate with both strategic acumen and operational insight to safeguard the organization’s long-term viability.
The 9th Board Masterclass is designed to equip both new and experienced directors with the mindset, knowledge, and practical tools necessary to lead high-performing, resilient, and future-ready boards. Over five days, participants will engage in expert-led sessions, case studies, interactive simulations, and peer learning, exploring contemporary topics including board leadership, culture, performance, risk governance, sustainability, digital transformation, and strategic foresight. Beyond technical and strategic competencies, the Masterclass emphasizes the human dimensions of governance—interpersonal dynamics, leadership styles, conflict resolution, and cultural factors that influence boardroom effectiveness. Participants will also gain insights into practical approaches for fostering inclusive, adaptive, and agile boards capable of responding to change while maintaining ethical standards and public trust.
By the conclusion of this Masterclass, participants will have developed the knowledge, skills, and confidence to make informed strategic decisions, foster board cohesion, champion ESG and digital initiatives, and lead with integrity, foresight, and resilience. The program serves not only as a comprehensive learning experience but also as a leadership retreat and strategic reset. It challenges boards to reflect on their current practices, anticipate emerging trends, and adopt governance approaches that maximize value, enhance organizational resilience, and ensure sustainable impact in an increasingly complex and interconnected world.
LEARNING OBJECTIVES:
This program is divided into the following five modules covering the various aspects of Board Competence:

DAY
MODULE
TOPICS
KEY AREAS TO BE COVERED

DAY 1
A. Strategic Board Leadership
1. Purpose-Driven Governance
2. Board Chair Roles and Responsibilities
3. Board and CEO/Management Dynamics
4. Board Decision-Making Styles
5. Case Studies & Lessons from Exemplary Boards
1. Attributes of an effective board chair
2. Leading with purpose, values, and strategic clarity
3. Navigating complex boardroom dynamics and interpersonal tensions
4. Role of the CEO and Board Secretary in supporting governance
5. Common pitfalls and lessons from successful board leadership
6. Board decision-making frameworks, consensus-building, and collaborative governance
7. Applying lessons from real-life case studies to enhance leadership effectiveness

DAY 2
B. ESG, Ethics & Stakeholder Engagement
1. ESG Integration and Oversight
2. Ethical Governance and Compliance
3. Stakeholder Mapping and Engagement
4. Sustainability Reporting
5. Social Responsibility & Impact Measurement
1. ESG as a board-level strategic imperative
2. Ethics, integrity, and regulatory alignment in board decisions
3. Engaging diverse stakeholders for long-term value
4. Board responsibility in sustainability disclosures and impact measurement
5. Evaluating social impact and ethical outcomes of board decisions
6. Setting frameworks for transparent ESG reporting and monitoring performance
7. Linking ESG initiatives to organizational strategy and long-term sustainability

DAY 3
C. Digital Intelligence & Risk Governance
1. AI, Data & Digital Governance
2. Cybersecurity Oversight
3. Risk Appetite and Resilience Planning
4. Scenario-Based Risk Simulation
5. Emerging Technology & Innovation Oversight
1. Board oversight of digital transformation and innovation
2. Cyber risk, data ethics, and digital literacy for directors
3. Defining and monitoring organizational risk appetite
4. Building risk-aware cultures and resilience frameworks
5. Scenario planning and crisis response strategies
6. Monitoring emerging technologies and understanding their strategic implications
7. Leveraging data-driven insights to inform board decisions and future readiness

DAY 4
D. Board Diversity, Inclusion & Performance
1. Inclusive Governance Practices
2. Board Evaluation and Performance Metrics
3. Talent Development and Succession Planning
4. Boardroom Capital
5. Team Dynamics and Conflict Resolution
1. Fostering diversity of thought, background, and experience
2. Conducting effective board evaluations and culture health checks
3. Director development, onboarding, and succession strategies
4. Building boardroom capital and collective accountability
5. Managing intergenerational and cross-functional board dynamics
6. Conflict resolution and constructive dissent
7. Promoting collaboration, psychological safety, and team cohesion in the boardroom

DAY 5
E. Future-Proofing Boards: Strategy, Innovation & Renewal
1. The Future-Ready Board
2. Strategic Foresight and Innovation
3. Governance Trends and Global Shifts
4. Continuous Learning and Board Readiness
5. Scenario Planning & Adaptive Governance
1. Anticipating emerging governance trends and stakeholder expectations
2. Embedding innovation and agility into board practices
3. Aligning board strategy with long-term institutional resilience
4. Personal development and continuous learning for directors
5. Applying adaptive governance frameworks for boards to respond to change
6. Leading transformation initiatives with foresight
7. Enhancing board adaptability and strategic decision-making for sustainable impact

TARGET AUDIENCE:
Board Members, Board Chairpersons, Board Committee Members and Committee Chairpersons, Board Secretaries, CEOs, Senior Management supporting boards and committees, Aspiring Board Members, Business Owners, Academia and Entrepreneurs.
YOUR INVESTMENT:
This Masterclass shall be provided at a cost of KSh.95,000.
CONTINUOUS PROFESSIONAL DEVELOPMENT UNITS:
Members of ICPAK and other reciprocating professional bodies will earn 20 CPD points upon successfully attending the Master Class.
ONLINE BOOKING:
We call on all participants to note that booking is available only online at www.icpak.com/events and will close 24 hours before the training session. Delegates are reminded to note that online booking for training sessions is MANDATORY and available online at www.icpak.com/events , you can also reach us through 0719074100 or email us through marketing@icpak.com
NATIONAL INDUSTRIAL TRAINING AUTHORITY (NITA) REIMBURSEMENT:
The 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

PRACTICAL ETHICS AND COMPLIANCE SEMINAR 2026 Mandatory training
2026-04-13 09:00 - 2026-04-17 15:30 | Enashipai Resort & Spa, Naivasha, 00100, Kenya
THE INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(Established under the Accountant Act, Laws of Kenya)
PRACTICAL ETHICS AND COMPLIANCE SEMINAR
Theme: Enhancing professionalism and personal values for professional accountants
Date: 13th – 17th April 2026
Time: 9 am – 4 pm
Venue: Enashipai, Naivasha.
This is one of the mandatory trainings for Practicing Certificate consideration
OVERVIEW
At its simplest, ethics is a system of moral principles or rules that say what is and what is not acceptable. Ethics are largely described as the principles that guide a person’s behaviour while undertaking day to day activities. Occasionally, in certain jurisdictions some ethical values get enacted as laws. Governing laws are structured rules utilized to govern a society whereas ethics are a set of moral values an individual establishes. Ethical behaviours apply to any employee, team leader or supervisor. They should display a behaviour that is honest and fair in their relationship with their co-workers and clients. A culture of ethical businesses is vital to the success of any business.
A leader who personifies ethical behaviour will be fair in all situations. In turn, employees will trust their leadership team and aid in achievement of the organizational goals. Ethical behaviour includes honesty, integrity, fairness and a host of other positive traits. Businesses are expected to act in an ethically responsible manner, carrying out its activities in a legal manner even when the business has nothing to benefit from being ethical. Professional ethics provides a means to solve certain ethical problems related to a particular profession. Professional ethics contain the ideals that govern the conduct of a professional or a group of them. This means that an ethical business will act in a socially responsible way, doing what is right even if it is not required to do so by legislation or regulation, and regardless of the impact it might have on profits. Professionals are required to practice reasonable, responsible and transparent behaviour that consciously avoids harmful actions by embodying high ethical standards.
Professional ethics in business is paramount and more so in the accounting profession where the end user of information and services has to place trust in the professionals. Professional accountants are constantly faced with ethical dilemmas such as lack of independence in practice, conflict of interest, falsified financial reports, and facilitating or receiving bribes etc however they are required to carry out their roles in a rational, accountable and transparent manner by upholding high ethical standards to avoid unethical actions.
Consequently, the rise in ethical issues all over the world means that all professionals contribute to at least a percentage and even the most properly regulated professional bodies globally have developed a set of standards that have to be adhered to by the members. This explains the need for professional ethics and their application for members. It is in this context Institute has organized a two-day virtual workshop to explore the ethical considerations which are practically applicable in the workplace and as expected professionally.
The International Ethics Standards Board for Accountants (IESBA) develops and promotes the International Code of Ethics for Professional Accountants (including International Independence Standards). The IESBA also supports debate on issues related to accounting ethics and auditor independence. In 2018, the IESBA issued a revised and restructured Code which came into effect in June 2019. The revised and restructured Code includes many substantive revisions, including in relation to non-compliance with laws and regulations (NOCLAR). The 2018 version of the Code makes it clear that professional accountant, in whatever capacity they are engaged, cannot turn a blind eye to NOCLAR. The provisions in the Code, including NOCLAR guide ethical behavior and help professional accountants uphold their responsibility to act in the public interest. The IESBA Code also includes a principles-based definition of what constitutes a network. The definition covers the way a group of companies operate and present themselves and is consistent with the Statutory Audit Directive.
All accountants are expected to subscribe to this code of ethics. With the growing necessity for patriotic and nationalistic individuals to step up to lead the country in every sector that they are involved in, it is in this recognition that the Institute has organized for the Practical Ethics and Compliance Seminar to address:
TOPICS

Overview of the Code of Ethics for Professional Accountants-Practical Application of International Code of Ethics for Professional Accountants
Important ethical requirements that professional accountants should keep in mind:

Responsibilities
Public Interest
Integrity
Objectivity and Independence
Due Care
Scope and Nature of Services

Ethical dilemmas for professional accountants in public and private sectors
Professional Ethics in Practice – Considerations for the Accountant, personal values and ethical conduct for the professional accountant
The Corruption Challenge in Kenya and Ethical Perspectives-Lessons from the EACC on ethics for professionals and the fight against corruption
Assessing the true cost of corruption and unethical behavior to the business
Personal values and ethical conduct for the professional accountant
Professional Misconduct and the Ethical Link – Insights from the ICPAK Disciplinary Committee
Building an Ethical Organization and Capability Among Professionals
Role of the accountant in sustainable governance
Ethical issues in the workplace/business
Emerging issues and trends on ethics, risk, and reporting
Broader view of board diversity to include ethnicity and race
Setting up an effective internal controls’ framework in support of organizational ethics and integrity
Organisational Culture and its impact on ethics for professionals: Effective tone at the top in setting the right culture
Ethics and Leadership

Accounting Professionals as an ethical role model and guardian of integrity
Integrating integrity into business strategy and corporate culture
Mobilizing people to make a positive change in the world and promote public values
Practical approaches of reducing corporate failures

Developing resilience- Mental health for professionals

FINANCIAL COMMITMENT:

Category
Charges Physical

Associate Members
Kes 54,000 per Delegate

Full Members
Kes. 59,000 per Delegate

Non-Member
Kes. 64,000 per Delegate

Accommodation
Delegates are advised to make own travel and accommodation arrangements

**Charges will cater for daytime meals, conference giveaways, learning materials, and certificates of attendance.
CONTINUOUS PROFESSIONAL DEVELOPMENT UNITS
Members of ICPAK and other reciprocating professional bodies will earn 20 Structured CPD points upon successfully attending the 2026 Practical Ethics & Compliance Seminar.
NATIONAL INDUSTRIAL TRAINING AUTHORITY (NITA) REIMBURSEMENT
The 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).
Further requests can be channeled to us via telephone calls on, +254 719 074 100, or via email to marketing@icpak.com
We encourage members to regularly visit our website https://www.icpak.com for updates.

Evening Networking Forum-Mental Health (Physical Option)
2026-04-15 16:00 - 18:00 | ICPAK Auditorium, CPA Centre, Nairobi
INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(Established under the Accountants Act, Laws of Kenya)
Evening Networking Forum- Mental Health
Theme- Strengthening Wellbeing, Resilience, and Professional Performance Through Mental Health Awareness
Time: 04pm-06pm
Date: 15th April 2026
Venue- ICPAK Auditorium, CPA Centre
Overview:
Mental health has emerged as a central pillar of professional effectiveness, resilience, and sustainable performance. For accountants, auditors, finance professionals, and business leaders, mental health awareness is critical in navigating high-pressure environments, tight deadlines, regulatory scrutiny, and stakeholder expectations. It encompasses the ability to recognize, understand, and manage one’s own mental and emotional wellbeing, while also fostering supportive relationships and healthy work environments.
A strong foundation in mental health awareness enhances self-care, stress management, emotional regulation, and resilience. Professionals equipped with these skills are better able to maintain focus, make sound decisions under pressure, manage work-related stress, and engage constructively with colleagues, clients, and stakeholders. Recognizing early warning signs, developing coping strategies, and accessing support are vital competencies that enable individuals and teams to thrive, even in high-stakes professional contexts.
Organizations and professional environments that prioritize mental health see tangible benefits in performance, collaboration, and innovation. Teams with mentally healthy work cultures demonstrate higher engagement, psychological safety, accountability, and adaptive capacity. Leaders who model and promote mental wellbeing create environments where individuals feel supported, empowered, and motivated to contribute meaningfully. As professional workplaces contend with long hours, complex client demands, and remote or hybrid work dynamics, mental health awareness has become essential for sustainable professional growth and organizational resilience.
This Evening Networking Forum offers participants an opportunity to deepen their understanding of mental health while engaging in a physical, interactive setting. Through guided discussions, scenario-based activities, and practical exercises, participants will explore strategies to manage stress, maintain resilience, and support colleagues’ mental wellbeing. The session blends learning with networking, allowing participants to practice insights in real interpersonal interactions in a supportive environment.
A practical component, The Mental Health Mirror, enables participants to reflect on personal stress triggers, coping mechanisms, and behavioral patterns that affect wellbeing. Peer-based exercises reinforce understanding, encourage empathy, and provide a safe space to practice stress management and self-care strategies while receiving constructive feedback.
In recognition of the importance of mental health in professional performance and leadership effectiveness, the Institute of Certified Public Accountants of Kenya (ICPAK) has organized this Evening Networking Forum. The session is designed to inspire self-awareness, promote resilience, and empower participants to integrate mental health strategies into their professional and personal lives.
The forum is designed to cover the following areas:

Foundations of Mental Health for Professionals
Mental Health and Professional Effectiveness
The Mental Health Mirror: Guided Self-Reflection and Practical Application
Applying Mental Health Awareness in Real Workplace Scenarios
Networking with Mental Health Awareness

Target Audience:
This forum is designed for professionals from all industries and experience levels who are looking to improve their ability to manage stress and build resilience in their careers
Continuous Professional Development Units (CPD Units):
Members of ICPAK and reciprocating professional bodies will be awarded 2 CPD Units upon successfully attending and participating in the forum.
Financial Commitment:
The workshop charges are Kes. 2,000. Charges will cater for the forum fees, learning materials, and e-certificates of attendance
Online Booking:
We call on Webinar 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 or on the ICPAK Live – A smart phone-based application that is available from google store.
National Industrial Training Authority (NITA) Reimbursement:
The 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)
Further requests can be channeled to us via telephone calls on +254 719 074 100, or via email to marketing@icpak.com.
We encourage members to regularly visit our website https://www.icpak.com for updates.

Evening Networking Forum-Mental Health (virtual option)
2026-04-15 16:00 - 18:00 | Virtual Delivery
INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(Established under the Accountants Act, Laws of Kenya)
Evening Networking Forum- Mental Health
Theme- Strengthening Wellbeing, Resilience, and Professional Performance Through Mental Health Awareness
Time: 04pm-06pm
Date: 15th April 2026
Venue- Zoom
Overview:
Mental health has emerged as a central pillar of professional effectiveness, resilience, and sustainable performance. For accountants, auditors, finance professionals, and business leaders, mental health awareness is critical in navigating high-pressure environments, tight deadlines, regulatory scrutiny, and stakeholder expectations. It encompasses the ability to recognize, understand, and manage one’s own mental and emotional wellbeing, while also fostering supportive relationships and healthy work environments.
A strong foundation in mental health awareness enhances self-care, stress management, emotional regulation, and resilience. Professionals equipped with these skills are better able to maintain focus, make sound decisions under pressure, manage work-related stress, and engage constructively with colleagues, clients, and stakeholders. Recognizing early warning signs, developing coping strategies, and accessing support are vital competencies that enable individuals and teams to thrive, even in high-stakes professional contexts.
Organizations and professional environments that prioritize mental health see tangible benefits in performance, collaboration, and innovation. Teams with mentally healthy work cultures demonstrate higher engagement, psychological safety, accountability, and adaptive capacity. Leaders who model and promote mental wellbeing create environments where individuals feel supported, empowered, and motivated to contribute meaningfully. As professional workplaces contend with long hours, complex client demands, and remote or hybrid work dynamics, mental health awareness has become essential for sustainable professional growth and organizational resilience.
This Evening Networking Forum offers participants an opportunity to deepen their understanding of mental health while engaging in a physical, interactive setting. Through guided discussions, scenario-based activities, and practical exercises, participants will explore strategies to manage stress, maintain resilience, and support colleagues’ mental wellbeing. The session blends learning with networking, allowing participants to practice insights in real interpersonal interactions in a supportive environment.
A practical component, The Mental Health Mirror, enables participants to reflect on personal stress triggers, coping mechanisms, and behavioral patterns that affect wellbeing. Peer-based exercises reinforce understanding, encourage empathy, and provide a safe space to practice stress management and self-care strategies while receiving constructive feedback.
In recognition of the importance of mental health in professional performance and leadership effectiveness, the Institute of Certified Public Accountants of Kenya (ICPAK) has organized this Evening Networking Forum. The session is designed to inspire self-awareness, promote resilience, and empower participants to integrate mental health strategies into their professional and personal lives.
The forum is designed to cover the following areas:

Foundations of Mental Health for Professionals
Mental Health and Professional Effectiveness
The Mental Health Mirror: Guided Self-Reflection and Practical Application
Applying Mental Health Awareness in Real Workplace Scenarios
Networking with Mental Health Awareness

Target Audience:
This forum is designed for professionals from all industries and experience levels who are looking to improve their ability to manage stress and build resilience in their careers
Continuous Professional Development Units (CPD Units):
Members of ICPAK and reciprocating professional bodies will be awarded 2 CPD Units upon successfully attending and participating in the forum.
Financial Commitment:
The workshop charges are Kes. 2,000. Charges will cater for the forum fees, learning materials, and e-certificates of attendance
Online Booking:
We call on Webinar 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 or on the ICPAK Live – A smart phone-based application that is available from google store.
National Industrial Training Authority (NITA) Reimbursement:
The 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)
Further requests can be channeled to us via telephone calls on +254 719 074 100, or via email to marketing@icpak.com.
We encourage members to regularly visit our website https://www.icpak.com for updates.

THE ANNUAL CONVENTION FOR CEOs, ACCOUNTING OFFICERS AND CECs
2026-04-20 09:00 - 2026-04-24 15:30 | Sarova Whitesands Beach Resort & Spa Mombasa, Mombasa
INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(Established under the Accountants Act, Laws of Kenya)
THE ANNUAL CONVENTION FOR CEOs, ACCOUNTING OFFICERS & CECs
Theme: Future-Ready Leadership: Driving Value, Resilience & Strategic Impact
Date: 20th – 24th April 2026
Time: 09.00am-03.30pm
Venue: Sarova Whitesands Beach Resort & Spa, Mombasa
INTRODUCTION
Leadership, governance, and public sector accountability continue to serve as foundational pillars for national development, public confidence, and institutional effectiveness across the world. In recent years, Kenya—like many countries across Africa and beyond—has experienced significant shifts in its governance, fiscal management, and public service delivery landscape. These developments have been influenced by technological advancements, evolving regulatory frameworks, heightened public scrutiny, and a global push toward ethical leadership, transparency, and sustainable development. Increasingly, leaders are required to operate in environments defined by complexity, uncertainty, and accelerated change.
In Kenya, rising fiscal pressures, growing public expectations, and intensified demands for accountability have compelled public institutions to rethink how they manage resources, deliver services, and uphold ethical standards. County Governments, State Corporations, and national agencies face competing priorities: addressing revenue constraints, strengthening internal controls, improving procurement management, leveraging technology, and aligning institutional mandates with national development agendas such as Vision 2030, MTP IV, the Bottom-Up Economic Transformation Agenda (BETA), and the Sustainable Development Goals (SDGs).
At the same time, the digital transformation of government processes—ranging from e-citizen services to automated financial management systems—has reshaped how leaders plan, execute, monitor, and account for public resources. These shifts demand leaders who possess not only technical and strategic competency, but also agility, ethical grounding, and the ability to lead high-performance institutions in dynamic environments.
Regional integration within the East African Community, global economic realignments, and shifting geopolitical dynamics have further underscored the need for resilient, future-ready leadership. As public and private sector organizations expand their mandates, adopt new technologies, and navigate increasing risk exposure, executives must be well-equipped to evaluate emerging threats, leverage innovation, strengthen stakeholder engagement, and build systems that promote stability and long-term sustainability. Issues such as public debt sustainability, environmental and social governance (ESG), climate-related risks, service delivery challenges, and growing citizen demands have made leadership more complex than ever before.
Amidst these pressures, the need for strong ethical leadership, strategic decision-making, and governance excellence has grown significantly. Executives must be capable of cultivating integrity-driven institutional cultures, managing reputational risk, enhancing communication with stakeholders, and ensuring compliance with the law while upholding public trust. The expectations placed on CEOs, Accounting Officers, and CECs have deepened, requiring a blend of strategic foresight, operational discipline, ethical awareness, and collaborative leadership.
Against this backdrop, the Annual Convention for CEOs, Accounting Officers & CECs provides a timely, high-impact, and forward-looking platform for capacity building, policy dialogue, and practical learning. The five-day convention brings together senior leaders, policymakers, governance experts, and technical specialists to explore best practices, emerging issues, and innovative approaches shaping leadership in Kenya’s public and private sectors. Through knowledge-sharing, panel discussions, case studies, and interactive sessions, the convention equips participants with the frameworks, insights, and tools necessary to enhance institutional performance, strengthen governance structures, manage risks, and deliver sustainable public value.
ANNUAL CONVENTION OBJECTIVES
Participants will be able to benefit from the following upon successful completion:

Strengthen understanding of enterprise risk management foundations: Deepen knowledge of core risk management principles, frameworks, and best practices relevant to accountants, auditors, and risk champions.
Enhance capacity in risk identification and analysis: Build skills in recognizing, documenting, and analyzing risks using structured methodologies, stakeholder engagement techniques, and evidence-based approaches.

iii. Develop competence in risk classification and evaluation: Understand how to categorize risks—strategic, operational, financial, and compliance—and assess their significance, likelihood, and potential impact on organizational performance.

Improve proficiency in risk assessment and prioritization: Apply practical tools and assessment matrices to evaluate risk severity, determine priorities, and support informed decision-making.
Strengthen ability to plan and implement risk mitigation strategies: Learn to design practical, actionable, and cost-effective mitigation plans aligned with organizational objectives and governance expectations.
Advance skills in building and reviewing risk registers: Master the preparation, structuring, and continuous review of risk registers as dynamic tools for monitoring risk exposures and supporting strategic oversight.

vii. Enhance knowledge of technology-enabled risk management: Explore how GRC platforms, cloud-based solutions, and automated tools enhance risk tracking, reporting, visualization, and documentation.
viii. Promote ethical and professional conduct in risk governance: Reinforce integrity, independence, and accountability as central pillars of effective risk management and audit practice.

Strengthen application of scenario analysis: Gain practical experience in modeling interconnected risks, stress-testing assumptions, and evaluating the resilience of mitigation measures.
Foster practical capability through casework and exercises: Engage in hands-on sessions, group assignments, and real-world case studies to translate risk-based audit planning concepts into actionable skills.
Support continuous professional development: Enhance technical competence and practical readiness of accountants and auditors in line with ICPAK’s professional standards, regulatory expectations, and CPD requirements.

ANNUAL CONVENTION TOPICS
The Annual Convention for CEOs, Accounting Officers & CECs will delve into the following topical areas among others:
Theme 1: Strategic Leadership and Governance Excellence

Leadership Competencies for Modern CEOs and Accounting Officers
Board Dynamics, Roles, Responsibilities & Effective Oversight
Strengthening Collaboration with Senior Management & Stakeholders

Theme 2: Risk, Resilience & Decision-Making

Enterprise Risk Management for Executives
Risk-Informed Decision-Making and Scenario Planning
Crisis Management, Continuity Planning & Organizational Resilience

Theme 3: Financial Stewardship & Accountability

Oversight of Public and Private Resources
Ethical Financial Management, Compliance & Audit Readiness
Reporting, Transparency & Accountability for Decision-Making
Feedback from OAG & COB

Theme 4: Change, Digital Transformation & Stakeholder Engagement

Leading Institutional Change and Transformation
Leveraging Technology, Data & Digital Systems for Performance
Communication, Public Engagement & Strengthening Public Confidence

Theme 5: Sustainability, ESG & Public Value

Integrating ESG Principles into Strategy and Operations
Aligning Institutional Goals with SDGs & National Development Priorities
County Government Sustainability, OSR Enhancement & Service Delivery

TARGET AUDIENCE
The Convention will be beneficial to CEOs, Managing Directors, General Managers, Deputy CEOs, CECs from County Governments, Academia and other interested professionals.
FINANCIAL COMMITMENT:

Category
Charges Physical

Associate Members
Kes 64,000 per Delegate

Full Members
Kes. 69,000 per Delegate

Non-Member
Kes. 74,000 per Delegate

Charges will cater for daytime meals, conference giveaways, learning materials, and certificates of attendance.
Delegates are advised to make own travel and accommodation arrangements.

CPD UNITS
Members of ICPAK and other reciprocating professional bodies will earn 20 CPD points upon successfully attending the Convention.
ONLINE BOOKING:
We 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 and is available online at www.icpak.com/events.
NATIONAL INDUSTRIAL TRAINING AUTHORITY (NITA) REIMBURSEMENT:
The 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)
Further requests can be channeled to us via telephone calls on +254 719 074 000, or via email to marketing@icpak.com

THE FINANCIAL REPORTING WEEK 2026 EDITION I (MANDATORY TRAINING) physical option
2026-04-20 09:00 - 2026-04-24 15:30 | Safari Park Hotel & Casino, Thika Road, Nairobi
INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(Established under Accountants Act, Laws of Kenya)
THE FINANCIAL REPORTING WEEK 2026 EDITION I (MANDATORY TRAINING)
Theme: Enhancing Competence and Excellence in Financial Reporting
Date: 20th -24th April 2026
Venue: Safari Park Hotel & Casino Thika Road, Nairobi
(This is one of the mandatory trainings for Practicing Certificate consideration)
OVERVIEW
The landscape of financial reporting is evolving at an unprecedented pace, driven by global regulatory reforms, rapid technological advancements, and the growing expectations of stakeholders for transparency, accuracy, and timely information. Organizations rely on financial reporting not only to meet compliance requirements but also as a strategic tool that informs decision-making, resource allocation, and performance evaluation. In this context, accountants and finance professionals play a pivotal role in ensuring that financial statements are both reliable and relevant, reflecting the true financial position and performance of the organization.
Accurate financial reporting is essential for maintaining trust with investors, regulators, lenders, and other stakeholders. Errors, omissions, or misstatements in financial statements can have significant legal, reputational, and financial consequences. This makes continuous professional development in financial reporting critical, particularly for practicing accountants who are required to uphold the highest standards of accuracy and accountability. The Financial Reporting Week offers a structured platform for participants to deepen their understanding of current standards, explore practical application techniques, and engage with real-life scenarios that challenge conventional approaches.
Modern financial reporting emphasizes the integration of analytical insights and strategic foresight. Professionals are expected to go beyond recording transactions, to interpret financial data in ways that support operational and strategic decision-making. The program equips delegates with tools and methodologies that enhance analytical capabilities, improve reporting accuracy, and foster a culture of proactive problem-solving. By emphasizing both technical competence and strategic thinking, participants will be better positioned to add tangible value to their organizations.
Technology is reshaping the way financial information is recorded, processed, and presented. Automation, artificial intelligence, cloud-based platforms, and data analytics are increasingly integrated into financial reporting processes to enhance efficiency, reduce errors, and enable real-time reporting. The training introduces participants to these modern tools, illustrating how technology can streamline reporting processes, improve data quality, and support timely decision-making. Delegates gain insights on adopting technology without compromising compliance or ethical standards, preparing them for the evolving demands of the profession.
Finally, professional ethics, governance, and transparency remain at the core of effective financial reporting. Accountants are entrusted with safeguarding the integrity of financial information, ensuring that reports reflect true and fair views of organizational performance. It is in response to this evolving landscape that the Institute of Certified Public Accountants of Kenya (ICPAK) has organized the Financial Reporting Week to equip participants with practical skills for preparing, analyzing, and presenting financial statements. The training provides a structured exploration of IFRS and IPSAS standards, integrated and sustainability reporting, emerging technology in reporting, and governance and ethical considerations. By the end of the program, participants will be better prepared to deliver high-quality, decision-useful financial reports that meet global standards, strengthen governance, and enhance organizational capacity to create long-term value.
LEARNING OBJECTIVES
This program is divided into the following modules covering various aspects.

DAY
MODULE
TOPICS
KEY AREAS TO BE COVERED

Day 1
Updates on Standards and reporting
Evolution of Financial Reporting Standards and summary update on current changes
1. IFRS, IPSAS, and local frameworks
2. Convergence and divergence of standards
3. Global reporting trends
4. Regulatory compliance requirements
5. Implications for organizational reporting

IFRS 15- Revenue from Contracts with customers

· Overview of IFRS 15
· Five-Step Model for revenue recognition
· Recognizing revenue and contract costs
· Disclosures

IFRS 18 – Presentation and disclosure of financial statements

· Introduction to IFRS 18
· Objective and Scope of IFRS 18
· Presentation of Financial Statements
· Disclosure Requirements
· Impact of IFRS 18 on financial reporting
· Challenges and best practices in implementing IFRS 18

Day 2

Sustainability Reporting
IFRS S1
General requirements for disclosure of sustainability -related financial information

IFRS S2
IFRS S2: Climate-related disclosures

GHG Computations
· GHG Emissions computations
· GHG emission disclosures
· Industry-Focused Examples and Case Studies

Day 3

Income Tax, ethical requirements for accountants and IAS 19 Employee benefits

IAS 19-Employee Benefits
· Recognition and Disclosure
· Short term benefits
· Post employment Benefits
· Other Longterm Benefits

IAS 12 -Income tax
Deferred Tax and deferred income
· Deferred taxes and current taxes
· Recognition requirements under the standard
· Deferred tax asset or a deferred tax liability
· IAS 12 standard’s disclosure requirements.

Code of Ethics for Professional Accountants
· International Code of Ethics for Professional Accountants (IESBA Code)
· Ethical principles in reporting Governance frameworks
· Strengthening internal controls
· Accountability and transparency
· Role of accountants in public trust

Day 4

IFRS Standards
IFRS 11-Joint Arrangements
IFRS 10-Consolidated financial statements

· Objective and scope of IFRS 11
· Relationship with IFRS 10 and IAS 28
· Scope of IFRS 10 and IAS 28
· Determining Control, Joint Control, and Significant Influence
· Interaction between IFRS 10, IFRS 11, and IAS 28

IFRS 12- Disclosure of interest in other entities
IAS 28-Investment in Associates and Joint Ventures
· Classification of Joint Arrangements (IFRS 11)
· Accounting Treatment for Joint Arrangements
· Equity Method Accounting (IAS 28)
· Changes in Ownership and Complex Scenarios
· Disclosure Requirements (IFRS 12)

IFRS 11-Joint Arrangements
IFRS 12- Disclosure of interest in other entities
IFRS 10-Consolidated Financial statements
IAS 28-Investment in Associates and Joint Ventures
· Objective and scope of IFRS 11
· Relationship with IFRS 10 and IAS 28
· Scope of IFRS 10 and IAS 28
· Determining Control, Joint Control, and Significant Influence
· Interaction between IFRS 10, IFRS 11, and IAS 28
· Classification of Joint Arrangements (IFRS 11)
· Accounting Treatment for Joint Arrangements
· Equity Method Accounting (IAS 28)
· Changes in Ownership and Complex Scenarios
· Disclosure Requirements (IFRS 12)

Day 5
IFRS & Financial planning for professionals
IFRS 9 and IFRS 7

· Classification & Measurement:
· Impairment
· Disclosures
· Risk management

Financial planning for professionals
· Cashflows and budgeting
· Debt management
· Investments and wealth management

TARGET AUDIENCE:
ICPAK Members, Accountants in private sector, Chief Finance Officers, Finance Directors and Managers, Transaction Advisors, Engagement Partners and Key Audit staff, Banking, Financial services sector Accountants, Internal Auditors, Professionals working in private sectors, Accountants in Academia, current and potential members of ICPAK, members of other professional associations.
FINANCIAL INVESTMENT:

Category
Charges Physical

Associate Members
Kes 54,000 per Delegate

Full Members
Kes. 59,000 per Delegate

Non-Member
Kes. 64,000 per Delegate

Accommodation
Delegates are advised to make own travel and accommodation arrangements

**Charges will cater for daytime meals, conference giveaways, learning materials, and certificates of attendance.
CONTINUOUS PROFESSIONAL DEVELOPMENT UNITS:
Members of ICPAK and other reciprocating professional bodies will earn 20 CPD points upon successfully attending the event.
ONLINE BOOKING:
We 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
NATIONAL INDUSTRIAL TRAINING AUTHORITY (NITA) REIMBURSEMENT:
The 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)
SPONSORSHIP OPPORTUNITIES & ADDITIONAL INFORMATION
The Financial Reporting week attracts over 400 participants drawn from both the public and private sectors presenting a rare chance for exhibitors and sponsors. Those interested in sponsoring this event can reach us through raphael.nguli@icpak.com. Other requests for information can be channeled to us via telephone on +254 0719 074 100.
Further requests can be channeled to us via telephone calls on, +254 719 074 100, or via email to marketing@icpak.com.
We encourage members to regularly visit our website https://www.icpak.com for updates.
