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X-WR-CALDESC:Events for ICPAK
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DTSTART:20250101T000000
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BEGIN:VEVENT
DTSTART;TZID=Europe/Moscow:20250423T090000
DTEND;TZID=Europe/Moscow:20260228T153000
DTSTAMP:20260415T180639
CREATED:20250107T080915Z
LAST-MODIFIED:20251219T064332Z
UID:10002964-1745398800-1772292600@www.icpak.com
SUMMARY:The 6th External Audit Practitioners Forum (Mandatory Training)
DESCRIPTION:THE INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA\n(Established under the Accountants Act\, Laws of Kenya) \nThe 6th External Audit Practitioners Forum (Mandatory Training) – Recording\nTheme: Upholding Public Interest Through the Improvement of Audit Quality\nDate: 23rd – 24th April 2025\nTime: 09.00am-03.30pm\nVenue: Virtual\nThis is one of the Mandatory Trainings for practicing certificate consideration \nOverview \nAudit firms in Kenya today play a critical role in facilitating economic growth and development. The audit reports they generate drive individual and firms’ economic and investment decision-making processes. These reports are also relied upon by an individual or a firm in taking a decision to invest in a particular firm or not and are therefore fundamental in guiding and influencing economic decisions at an individual and firm level. Audit report is an output of a rigorous exercise undertaken by staff of an audit firm. Its quality is solely dependent on the individual audit firm’s capacity and abilities to deliver quality audit services anchored on applicable professional ethical standards in a sustainable way. \nThis is particularly important in the face of the increased reported cases of collapse of corporates immediately following issue of clean audit reports. Consequently\, public confidence and trust in the audit exercise is under threat and often raises more questions than answers. This adversely affects the reputation of not only the audit firms involved but also the accountancy profession at large. \nTherefore\, it is imperative that audit firms that provide external audit services are supported to maintain and develop their professional competence and skills to enable them to offer audit services of high standards to their clients. This will go a long way in providing an appropriate tone and culture of commitment to high professional standards in leadership of the audit firms in Kenya. In addition\, it will enable them to perform appropriate engagement risk management exercises to delineate important risks associated with a particular audit undertaking and subsequently decide to accept or reject the offer to perform an audit. \nMoreover\, many small audit firms are faced with the challenge of managing effectively their human resources. Succession planning is one identified issue with many owners managed (sole proprietorship) audit firms where upon the demise of the sole auditor\, the firm faces challenges of existence. Managing intergenerational transitions for many audit firms\, particularly in the small category group\, is an existential challenge and one that if not addressed effectively has the potential to negatively affect their performance. \nThe digital transformation taking place in all spheres of human life today is also impacting on external audit service delivery. External audit practitioners are therefore required to keep abreast of the new developments not only in digital space\, but also in other relevant areas such as the social\, economic and political landscapes of the economies they operate in. It is also noteworthy to mention here that cyber security risks present a significant threat to financial reporting systems and capital markets. Therefore\, external auditors are expected to obtain the competence necessary to deal with key cyber risks. Moreover\, with heightened cases of money laundering\, it is critical that awareness on anti-money laundering (AML) laws\, regulations and best practices is created amongst practitioners to enhance their compliance with the new laws and requirements. \nThe impact of the various new developments mentioned above cut across both the private and public audit landscapes and the complexities arising from the global developments around the profession call for concerted efforts aimed at not only maintaining the quality of the audits undertaken\, but also equally reassure the public that the audited financial statements can be relied upon. This trust aspect must be maintained at all costs if the audit practice were to continue gaining the expected confidence and trust of the public. \nLast but not the least\, the adoption of new IFRSs\, ISAs and IPSASs requires that external auditors are appraised of the new standards and how it impacts on their professional duties. For example\, currently there are several newly adopted IFRSs on sustainability reporting and assurance including IFRS S1 & S2 and ISSA 5000 which are relevant to external audit practitioners today. \nIt is against this background that the Institute has organized a two-day virtual forum to discuss these critical developments which affect the audit practice and accountancy profession and seek to address the ensuing concerns of audit quality. To guide the discussion during the Seminar\, the following topics of discussion will form the focus of this very important virtual event. \ni. Developments in accounting and auditing standards and the impact on audit quality management – ISQM 1 & 2\, ISA 220.\nii. The current auditing challenges and opportunities: An overview of the recent developments in audit practices\niii. Sustainability of audit firms: effective management including succession planning for audit firms\niv. Recent developments in Audit Practice; Case studies and lessons to be learned\n-Focus on sustainability reporting and assurance IFRS S1 & S2 and ISSA 5000 and implications on the audit practice in Kenya\nv. The new auditor reports signing and other regulatory requirements impacting the profession.\nvi. Effective risk management of an audit engagement – drawing practical lessons from practitioners’ experiences.\nvii. Effective audit firm leadership\, governance & culture\nviii. Cybersecurity and its impact on audit practitioners\nix. Anti Money Laundering (AML) for professionals\nx. Leveraging technology to deliver required efficiencies and quality in audit assignments.\n-Practical insights on the utilization of the ICPAK Audit Software \nTarget Audience: \nPrivate and Public Audit Practitioners\, 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\, Internal Auditors\, Tax Practitioners\, Professionals working in County Governments and private sectors\, Academia\, employees of the NPO Sector. \nContinuous Professional Development Units (CPD Units): \nMembers of ICPAK and reciprocating professional bodies will be awarded 10 CPD Units upon successfully attending each of the Conference sessions. \nCost: \nCharges for the training will be Kes10\,000/= which will cover workshop fees\, materials\, and e-certificates of attendance. \nOnline Booking: \nWe call on Conference 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. \nNational Industrial Training Authority (NITA) Reimbursement: \nThe Institute is registered as a trainer with National Industrial Training Authority. The Institute’s registration number is DIT/TRN/47. Participants who are registered levy contributors should apply to NITA for reimbursement of their fees. Please note that this is applicable for Kenyan citizens only and subject to NITA regulations. Remember that to qualify you should apply to NITA for approval prior to the date of the conference. Further details can be obtained from their website (www.nita.go.ke)
URL:https://www.icpak.com/event/the-6th-external-audit-practitioners-forum-mandatory-training/
LOCATION:Virtual Delivery
CATEGORIES:Past Virtual Events
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=Europe/Moscow:20250528T090000
DTEND;TZID=Europe/Moscow:20260228T153000
DTSTAMP:20260415T180639
CREATED:20250107T090026Z
LAST-MODIFIED:20251222T061724Z
UID:10002966-1748422800-1772292600@www.icpak.com
SUMMARY:International Taxes and Transfer Pricing Workshop (Mandatory Training)
DESCRIPTION:THE INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA\n(Established under the Accountants Act\, Laws of Kenya) \nInternational Taxes and Transfer Pricing Workshop (Mandatory Training) – Recording\nTHEME: Tax compliance within the country and across borders\nDate: 28th- 29th May 2025\nTime: 9: 00am-3: 30pm\nMode of Delivery: Virtual /Zoom\n(This is one of the Mandatory Trainings for practicing certificate consideration) \nOverview \nInternational tax and transfer pricing rules are constantly evolving and have undergone significant changes in recent years. Changes in tax legislation\, practice\, or the approach of tax authorities across the globe can have significant implications for multinational groups. Economic shifts and digitalization are fundamentally changing the tax landscape. New challenges in tax compliance and global taxation of the digital economy are adding to the overall complexity. Transfer pricing refers to the pricing of goods\, services\, and intangibles between related parties located in different countries. The transactions between related parties are to be carried out at an “arm’s length” basis. Prices are meant to efficiently allocate resources in the market whereas the role of transfer prices is to efficiently allocate resources within a company as they move from one related entity to another. \nThe OECD Transfer Pricing Guidelines have changed considerably over the past few years. Consequently\, policies are being reviewed and in some cases changes to pricing have to be made. Multinational enterprises must determine now what practical implications they face and how they can best operate within this radically changed regulatory environment. \nIn Kenya\, international taxes and transfer pricing are increasingly shaping the roles of accountants. As the country embraces globalization and attracts foreign investments\, compliance with international tax standards and transfer pricing regulations has become paramount. Accountants in Kenya play a pivotal role in ensuring organizations adhere to these standards\, mitigating tax risks\, and optimizing cross-border transactions. The Kenyan Revenue Authority’s (KRA) heightened focus on transfer pricing audits and the adoption of global best practices demand that accountants stay informed and proactive. They must navigate complex tax treaties\, manage permanent establishment risks\, and align financial strategies with regulatory expectations to safeguard business interests and drive sustainable growth. \nThe primary goal of this workshop as set by The Institute of Certified Public Accountants of Kenya (ICPAK) is to empower finance and tax professionals\, legal advisors\, policymakers\, and other stakeholders with the tools and knowledge required to address challenges in international tax and transfer pricing. The sessions will focus on creating a comprehensive understanding of current trends\, compliance requirements\, and strategies to manage risks associated with cross-border transactions. The workshop will also serve as a platform for sharing expertise\, fostering collaboration\, and providing actionable solutions tailored to the specific needs of businesses operating in a global environment. \nThe symposium intends to enhance the participants’ understanding of transfer pricing by focusing on: \n\nOverview of BEPS Pillar I and II: Implications and Compliance Strategies\nInternational tax planning\nDevelopment of Transfer Pricing Frameworks Aligned with OECD Guidelines\nStructuring Cross-Border Transactions for Tax Efficiency\nValue Chain Analysis and Tax Optimization\nOperational Transfer Pricing: Technology and Process Integration\nDispute Resolution in International Tax and Transfer Pricing\nPractical Insights into Managing Regulatory Compliance\nTransfer pricing documentation\n\nTARGET AUDIENCE \nICPAK Members \,Accountants \,Tax practitioners \,Members of Boards in public and private 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\, Tax Practitioners\, Professionals working in Government and private sectors\, Accountants in Academia\, current and potential members of ICPAK\, members of other professional associations. \nThis training is one of the mandatory training courses for Practicing Certificate consideration. All members who would wish to practice in the future are also encouraged to enroll for the course as it provides practical skills required for effective performance in taxation and tax advisory services. \n Continuous Professional Development Units (CPD Units): \nMembers of ICPAK and reciprocating professional bodies will be awarded 10 CPD Units upon successfully attending the session. \nCost: \nCharges for the training will be Kes 10\,000/= which will cover workshop fees\, materials\, and e-certificates of attendance. \nOnline Booking: \nWe 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. \nNational Industrial Training Authority (NITA) Reimbursement: \nThe Institute is registered as a trainer with National Industrial Training Authority. The Institute’s registration number is DIT/TRN/47. Participants who are registered levy contributors should apply to NITA for reimbursement of their fees. Please note that this is applicable for Kenyan citizens only and subject to NITA regulations. Remember that to qualify you should apply to NITA for approval prior to the date of the conference. Further details can be obtained from their website (www.nita.go.ke) \nFurther requests can be channeled to us via telephone calls on\, +254 719 074 100\,  or via email  at marketing@icpak.com \nWe encourage members to regularly visit our website https://www.icpak.com for updates.
URL:https://www.icpak.com/event/international-taxes-and-transfer-pricing-workshop-mandatory-training/
LOCATION:Virtual Delivery
CATEGORIES:Past Virtual Events
END:VEVENT
END:VCALENDAR