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X-WR-CALDESC:Events for ICPAK
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TZID:Europe/Moscow
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DTSTART:20260101T000000
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BEGIN:VEVENT
DTSTART;TZID=Europe/Moscow:20260715T090000
DTEND;TZID=Europe/Moscow:20260917T161500
DTSTAMP:20261009T160407
CREATED:20260103T213538Z
LAST-MODIFIED:20260917T130629Z
UID:10003311-1784106000-1789661700@www.icpak.com
SUMMARY:INSURANCE AND BANKING SECTOR CONFERENCE (virtual option)
DESCRIPTION:INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA\n(Established under Accountants Act\, Laws of Kenya) \nINSURANCE & BANKING SECTOR CONFERENCE\nTheme: Driving Financial Resilience\, Market Adaptation and Reporting Excellence in Kenya’s Financial Services Sector\nDate: 15th -17 July 2026\nTime: 09.00am-03.30pm\nVenue: Virtual Delivery \nOVERVIEW \nThe banking and insurance sectors remain key pillars of Kenya’s economic growth and financial stability. However\, the operating environment continues to evolve rapidly due to changing regulatory requirements\, economic uncertainties\, technological disruption\, increasing customer expectations\, and emerging risks. Financial institutions are therefore required to strengthen their financial reporting frameworks\, enhance risk management practices\, maintain adequate capital levels\, and leverage innovation to remain competitive and resilient. \nThe implementation of major reporting standards such as IFRS 17 Insurance Contracts and IFRS 9 Financial Instruments continues to reshape financial reporting across the sector. While significant progress has been made\, institutions continue to face challenges relating to data quality\, systems integration\, actuarial modelling\, expected credit loss calculations\, and evolving regulatory expectations. At the same time\, boards and management are under increasing pressure to improve governance structures\, strengthen internal controls\, and provide transparent and decision-useful information to stakeholders. \nTechnological innovation is also transforming the financial services landscape. The growth of digital banking\, mobile financial services\, fintech and Insurtech solutions\, artificial intelligence\, and advanced data analytics is creating new opportunities for operational efficiency\, customer engagement\, and financial inclusion. However\, these developments also introduce emerging risks relating to cybersecurity\, data governance\, operational resilience\, and regulatory compliance. \nFurther\, the sector continues to play a critical role in advancing financial inclusion and supporting economic development. Despite the significant progress achieved in expanding access to financial services\, institutions must continue developing innovative products and delivery channels that meet the needs of underserved populations while maintaining sound risk management practices. \nAgainst this backdrop\, the Institute has organized the Insurance & Banking Sector Conference 2026 to provide a platform for regulators\, practitioners\, accountants\, auditors\, actuaries\, risk professionals\, policy makers\, and industry leaders to discuss emerging developments\, share practical experiences\, and explore strategies for enhancing financial reporting\, institutional resilience\, governance\, innovation\, and sustainable growth within the financial services sector. \n The conference will explore the following thematic areas: \n\nEconomic Outlook\, Regulatory Developments and Sector Resilience\n\n\nEmerging economic and regulatory developments affecting banks and insurers\nPrudential supervision and compliance expectations\nBuilding resilience in an increasingly uncertain environment\n\n\n IFRS 17: Implementation Progress and Emerging Challenges\n\n\nLessons learned from implementation\nContractual Service Margin (CSM)\, actuarial and systems considerations\nFinancial reporting implications and regulatory expectations\n\n\n IFRS 9 and Credit Risk Management\n\n\nExpected Credit Loss (ECL) modelling and impairment challenges\nCredit risk management in a changing economic environment\nEmerging implementation and regulatory developments\n\n\nCapital Adequacy\, Solvency and Reinsurance Strategies\n\n\nCapital adequacy and solvency requirements\nStress testing and capital optimization\nStrategic use of reinsurance for risk mitigation and financial resilience\n\n\nAdvancements in Actuarial Valuation and Risk Modelling\n\n\nEmerging actuarial techniques and innovations\nPredictive modelling and insurance risk assessment\nPractical insights from industry\n\n\nDigital Transformation\, Fintech and Artificial Intelligence\n\n\nAI applications in banking and insurance\nFintech and Insurtech innovations\nData analytics and automation in financial reporting and decision-making\n\n\nCybersecurity\, Data Governance and Operational Resilience\n\n\nEmerging cyber risks and threat management\nData governance and protection requirements\nStrengthening operational resilience and business continuity\n\n\nAnti-Money Laundering Considerations for Banking & Insurance Sectors\n\n\nAnti-Money Laundering and Automatic Exchange of Financial Information updates\nAML Regulatory framework updates\nKenya’s Grey-Listing -Causes and your role in supporting getting Kenya out of Grey Listing\nAML Compliance Challenges-Politically Exposed Persons\, Beneficial Ownership\, Due Diligence\nForeign Account Tax Compliance Act (FATCA) obligations\nCommon Reporting Standards (CRS) Obligation\n\n 9. Digital transformation in insurance and banking in Kenya \n\nThe rise of mobile money and fintech\nDigital banking platforms\nInsurtech: digital insurance distribution models\nPractical use cases of AI\n\n 10. Feedback from 2025 Financial Reporting (FiRe) Award for Banking & Insurance Sectors \n\nAreas of notable improvement\nMajor areas of non-compliance\nWay Forward\n\nTARGET AUDIENCE: \nBanking professionals\, Insurance professionals\, Chief Internal & Risk Managers\, CEOs\, Senior Management\, Aspiring bankers and insurance professionals\, Members of Board of Directors of corporations\, Business Owners and Entrepreneurs\, \nFINANCIAL COMMITMENT: \n\n\n\nCategory\nCharges Physical \nVirtual \n\n\nAssociate Members\nKes 40\,000 per Delegate\nKes. 15\,000\n\n\nFull Members\nKes. 45\,000 per Delegate\nKes. 15\,000\n\n\nNon-Member\nKes. 50\,000 per Delegate\nKes. 15\,000\n\n\n\nCONTINUOUS PROFESSIONAL DEVELOPMENT UNITS: \nMembers of ICPAK and other reciprocating professional bodies will earn 20 CPD points upon successfully attending the seminar. \nONLINE BOOKING: \nWe call on all participants to note that booking is available only online at www.icpak.com/events and it will close two hours before the training session.  Delegates are reminded to note that online booking for training sessions is MANDATORY.   This is available either online at www.icpak.com/events \, you can also reach us through marketing@icpak.com \nNATIONAL INDUSTRIAL TRAINING AUTHORITY (NITA) REIMBURSEMENT: \nThe Institute is registered as a trainer with the National Industrial Training Authority. The Institute’s registration number is DIT/TRN/47. Participants who are registered levy contributors should apply to NITA for reimbursement of their fees. Please note that this is applicable for Kenyan citizens only and subject to NITA regulations. Remember that to qualify you should apply to NITA for approval prior to the date of the conference. Further details can be obtained from their website (www.nita.go.ke) \nFurther requests can be channeled to us via telephone calls on +254 719 074 100\,  or via email to marketing@icpak.com. \nWe encourage members to regularly visit our website https://www.icpak.com for updates.
URL:https://www.icpak.com/event/insurance-and-banking-sector-conference-virtual-option/
LOCATION:Virtual Delivery
CATEGORIES:Local Seminars,Past Virtual Events,Virtual Symposiums
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DTSTART;TZID=Europe/Moscow:20260903T090000
DTEND;TZID=Europe/Moscow:20260904T160000
DTSTAMP:20261009T160407
CREATED:20260716T094654Z
LAST-MODIFIED:20260716T095100Z
UID:10003477-1788426000-1788537600@www.icpak.com
SUMMARY:Transition to IPSAS Accrual course 2026 (virtual option)
DESCRIPTION:INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA\n(Established under the Accountants Act\, Laws of Kenya) \nTransition to IPSAS Accrual course\nTheme: Transition to IPSAS Accrual: Practical Guidance for Successful Implementation\nDate: 3rd -4th September 2026\nTime: 9:00am – 4:00pm\nVenue: Virtual Delivery \nOverview \nAcross the globe\, governments are increasingly transitioning from cash-based and modified cash accounting frameworks to accrual-based financial reporting aligned with International Public Sector Accounting Standards (IPSAS). This shift is widely recognized as a cornerstone of modern public financial management (PFM) reform\, enabling governments to produce more transparent\, comprehensive\, and decision-useful financial information. \nIn Kenya and many other jurisdictions\, the transition to IPSAS Accrual represents a major transformation in the way public sector entities recognize\, measure\, and report financial transactions. Under the accrual framework\, entities must record not only cash movements but also assets\, liabilities\, revenues\, expenses\, and commitments\, thereby providing a more complete picture of financial performance and financial position. \nHowever\, transitioning to IPSAS Accrual is a complex institutional reform that goes far beyond technical accounting changes. It requires significant adjustments in policies\, systems\, processes\, data management\, asset registers\, staff capacity\, and governance frameworks. Public sector entities must undertake detailed preparatory work\, including identifying assets and liabilities\, developing opening balances\, aligning financial management systems such as IFMIS\, and strengthening internal controls and documentation practices. \nInternational experience demonstrates that entities often encounter significant challenges during the transition phase. These may include: \n\nDifficulties in compiling reliable opening balances\nLimited asset registers and incomplete asset verification\nLack of historical valuation data\nWeak integration between accounting policies and operational processes\nLimited familiarity with key IPSAS standards such as PPE\, revenue from non-exchange transactions\, provisions\, leases\, and financial instruments\nSystem limitations in capturing accrual-based transactions\nCapacity gaps among preparers and financial managers\n\nWithout adequate preparation\, these challenges can result in delays\, inconsistencies\, and significant audit issues during the first accrual reporting cycle. \nThis workshop is therefore designed as a practical capacity-building program to support entities preparing for the transition to IPSAS Accrual. Rather than focusing solely on theoretical aspects of IPSAS\, the training emphasizes practical implementation strategies\, transition planning\, opening balance preparation\, and system readiness. \nParticipants will gain a clear understanding of: \n\nThe IPSAS Accrual transition roadmap\nKey technical standards affecting transition\nPractical steps for preparing opening balances\nAsset identification and valuation processes\nSystem and data requirements for accrual reporting\nInstitutional arrangements needed to support successful implementation\n\nBy the end of the training\, participants will be better equipped to plan\, manage\, and execute the transition to IPSAS Accrual\, thereby strengthening the credibility\, transparency\, and usefulness of public sector financial reporting. \nTopics to be Covered \n\n\n\nDAY\nMODULE\nTOPICS\nKEY AREAS TO BE COVERED\n\n\nDay 1\nIntroduction to IPSAS Accrual and the Transition Framework\nUnderstanding the shift from cash-based to accrual-based public sector accounting\n·         Global trends in public sector financial reporting reforms \n·         Rationale for adopting IPSAS Accrual \n·          Key differences between cash\, modified cash\, and accrual accounting \n·         Benefits of accrual accounting for transparency and accountability\n\n\n  \n  \n \nPlanning and Managing the IPSAS Transition\nDeveloping a structured roadmap for successful implementation\n·         Developing an IPSAS transition strategy \n·          Institutional governance and leadership roles \n·          Roles of finance teams\, management\, auditors\, and oversight bodies \n·          Change management and stakeholder coordination \n·          Risk management during transition\n\n\n\nPreparation of Opening Balances\nEstablishing reliable opening balances under IPSAS Accrual\n·          Importance of opening balances in IPSAS transition \n·         Identification and recognition of assets and liabilities \n·         Use of transitional provisions and exemptions \n·          Documentation and supporting evidence for audit purposes \n·          Common challenges in opening balance preparation\n\n\nDay 2\nAsset Recognition and Measurement under IPSAS\nAccounting for public sector assets during transition\n·         Property\, Plant and Equipment (IPSAS 45) \n·          Intangible Assets (IPSAS 31) \n·          Heritage and infrastructure assets \n·          Asset verification and asset register development \n·          Valuation challenges and practical approaches\n\n\n\nRevenue\, Liabilities and Key Accounting Areas\nRecognition and measurement of major transactions under accrual accounting\n·         Revenue from non-exchange transactions (IPSAS 47) \n·          Grants\, transfers\, and donor-funded projects \n·          Provisions and contingent liabilities (IPSAS 19) \n·         Recognition of receivables and payables \n·         Commitments and obligations\n\n\n\nSystems Readiness and Preparing IPSAS Accrual Financial Statements\nStrengthening systems and preparing the first accrual financial statements\n·         Aligning financial management systems (IFMIS) to IPSAS Accrual \n·         Chart of Accounts and data requirements \n·          Structure of IPSAS financial statements \n·          Disclosure requirements and supporting schedules \n·         Common transition pitfalls and practical solutions\n\n\n\n Target Audience \n The course to all professionals in all spheres. \n Continuous Professional Development Units (CPD UNITS): \nMembers of ICPAK and reciprocating professional bodies will be awarded 10 Structured CPD Units upon successfully completion of the course. \nFinancial Commitment \nThe webinar charges are Kshs. 10\,000. Charges will cater for online video access fees\, learning materials\, and e-certificates of attendance. \nOnline Booking \nRegistration: Delegates are reminded to note that online booking for the workshop is mandatory on https://www.icpak.com/event-registration/Online Booking \nWe call on interested participants to note that booking for the event is available online at www.icpak.com  and will close two hours before the training session. \nNational Industrial Training Authority (NITA) Reimbursement \nThe Institute is registered as a trainer with National Industrial Training Authority. The Institute’s registration number is DIT/TRN/47. Participants who are registered levy contributors should apply to NITA for reimbursement of their fees. Please note that this is applicable for Kenyan citizens only and subject to NITA regulations. Remember that to qualify you should apply to NITA for approval prior to the date of the conference. Further details can be obtained from their website (www.nita.go.ke) \nFurther requests can be channeled to us via telephone calls on +254 719 074 000\,  or via email to marketing@icpak.com
URL:https://www.icpak.com/event/transition-to-ipsas-accrual-course-2026-virtual-option/
LOCATION:Virtual Delivery
CATEGORIES:Local Seminars,Virtual Symposiums
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