ICPAK

HANDLING TAX CONTROVERSY
2025-01-01 08:00 - 2025-12-31 17:00 (Europe/Moscow) | Online Test, Online Test, Kenya

Internal Audit Reporting Test
2025-01-01 08:00 - 2025-12-31 17:00 | Online Test, Online Test, Kenya

AUDIT QUALITY ASSURANCE FOR SMP - The efficacy of Audit in Corporate Governance
2025-01-01 08:00 - 2025-12-31 17:00 | Online Test, Online Test, Kenya

Risk in the Boardroom
2025-01-01 08:00 - 2025-12-31 17:00 | bafunde.com

Taxation for Business Income Part I
2025-01-01 08:00 - 2025-12-31 17:00 | bafunde.com

Taxation for Business Income Part II
2025-01-01 08:00 - 2025-12-31 17:00 | bafunde.com

Introduction to Information Systems Control and Audit
2025-01-01 08:00 - 2025-12-31 17:00 | bafunde.com

IPSAS 14/IAS 10- Events After The Reporting Date
2025-01-01 08:00 - 2025-12-31 17:00 | bafunde.com

Personal Resilience and Agility: A winning combination for the New Normal
2025-01-01 08:00 - 2025-12-31 17:00 | bafunde.com

The self-care toolkit for managers in crisis situations
2025-01-01 08:00 - 2025-12-31 17:00 | bafunde.com

Tax Principles and Compliance Workshop (Mandatory Training)
2025-02-12 09:00 - 2025-12-31 15:30 | Virtual Delivery
THE INSTI TUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(Established under the Accountants Act, Laws of Kenya)
Tax Principles & Compliance Workshop (Mandatory Training) – Recording
THEME: Navigating Tax Compliance with Changing Regulations and mastering tax principles
Date: 12th – 13th February 2025
Time: 04.00pm-06.00pm
Venue: Virtual
(This is one of the mandatory trainings for Practicing Certificate consideration)
Overview
Direct taxes sting the pockets of workers, entrepreneurs and investors, and simultaneously reducing their disposable income. The combined effect is to squeeze household budgets, diminishing livelihoods, lifestyle choices and business activity. In a context where governments have to cope with less revenue, increasing expenditures and resulting fiscal constraints, raising revenue remains the most important function of taxes. This serves as the primary means for financing public goods such as maintenance of law and order and public infrastructure. The enforcement of fresh statutory deductions to support universal health coverage (UHC) and affordable housing plan has pushed workers’ pay slip cuts up to 45% hurting living standards and demand for goods and services. To this extend Kenyans have decried high taxes amid dwindling income and joblessness.
In June 2024, Kenyans witnessed unprecedented nationwide protests by “Generation Z” in defiance of government proposed tax increases on the Finance Bill 2024. Kenyans of all walks of life expressed outrage at the punitive taxes proposed under the Bill. Had the Finance Bill 2024 become law, it would have imposed a raft of taxes on Kenyans touching on trade, personal income, agriculture, health, investment, housing, and virtually every other sector conceivable.
Assuming a certain level of revenue needs to be raised, which depends on the broader economic and fiscal policies of the country, there are a number of broad tax policy considerations that have traditionally guided the development of taxation systems. Principles of good taxation form a sound basis for taxation today, however, they’re not always followed. These include neutrality, efficiency, certainty and simplicity, effectiveness and fairness, as well as flexibility. Sometimes tax systems hit certain categories of taxpayers or kinds of consumption while leaving others relatively untouched. Sometimes tax systems lack transparency, imposing charges on some goods (eg, fuel excise) without any explicit indication on our bills. Sometimes taxpayers are burdened with administrative tasks, for example filing yearly tax returns online. Sometimes the tax administration does not, or cannot, apply regulations or prosecute those who evade taxes in a cost-effective manner.
Tax compliance is the act of obeying all tax laws and regulations set forth by the government. This includes filing all required tax forms and paying any taxes owed on time. Tax compliance is important for individuals and businesses alike. Failure to comply with tax laws can result in penalties, interest, and even jail time. Tax compliance training can help businesses ensure that they are up to date on the latest tax law changes and that they are correctly filing their taxes.
There are a few different aspects to tax compliance. First, businesses need to make sure that they are correctly calculating their taxes owed. This includes keeping accurate records of income and expenses, as well as understanding what deductions and credits they may be eligible for. Tax compliance training can help businesses master the tax compliance process and ensure that they are taking all the necessary steps to comply with the law. By taking advantage of this workshop, businesses can avoid costly penalties and interest charges associated with non-compliance.
It is against this background that, the Institute has organized this workshop focusing mainly on the tax principles geared toward promoting tax compliance. Specifically, the workshop will cover the following areas:

Adam Smith Principles of an optimum tax system
Overview of the Tax Laws (Amendment) Act and the Tax Procedures (Amendment) Act 2024
VAT Principles
Current requirements on complying with value added tax (VAT)
Withholding taxes
Recent amendments to PAYE computations
Amounts deductible in determining taxable employment income
Adjustments to the taxation of employment benefits in line with the Income Tax Act (CAP 470)
Tax reliefs & tax amnesty
Appropriation bill verses efficient and optimal tax system
Understanding taxpayer compliance behavior
Technological advancements on tax compliance
iTax issues-open session
Tax system and reporting compliance
Impact of regulatory requirements on tax compliance
e-TIMS real-time reporting (RTR) and compliance obligations

TARGET AUDIENCE:
This training is one of the mandatory training courses for Practicing Certificate consideration. This webinar will be useful to professionals in the finance and accounting sector with bias on tax professionals and specifically: Tax Practitioners, Tax Experts, Chief Finance Officers, Finance Directors and Managers, Transaction Advisors, Financial Analysts, Accountants & Auditors, Financial Controllers, Credit Managers
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 10,000.
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)

Internal Audit Global Internal Audit Standards Seminar Mandatory Training
2025-03-12 09:00 - 2025-12-31 15:30 | Virtual Delivery
INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(Established under the Accountants Act, Laws of Kenya)
Internal Audit: Global Internal Audit Standards Seminar (Mandatory Training) – Recording
Date: 12th – 13th March 2025
Time: 9.00am-3.30pm
Delivery Mode: Virtual
(This is one of the mandatory trainings for Practicing Certificate consideration)
Overview
Internal auditing is essential for promoting governance, managing risks, and ensuring organizational compliance. In today’s rapidly changing global business environment, coupled with technological advancements, it is crucial for internal auditors to remain informed about current standards and best practices. The International Professional Practices Framework (IPPF), developed by the Institute of Internal Auditors (IIA), serves as a comprehensive guide to improve the quality and consistency of internal audit functions worldwide.
The International Standards for the Professional Practice of Internal Auditing (IPPF) provide a framework for effective internal auditing, offering guidance on principles, standards, and implementation providing a balance of flexibility and rigor. These standards are built on fifteen core principles that guide internal auditors in their work. The principles establish the foundation for internal auditing, while the standards offer practical guidance on how to implement these principles. By adhering to the IPPF, internal auditors can ensure the quality and effectiveness of their work, ultimately contributing to organizational success.
This seminar aims to delve into these standards and explore their practical application, empowering internal auditors to deliver greater value and drive organizational success in an increasingly complex and dynamic business environment success. The Internal Audit – Global Internal Audit Standards seminar will encompass a broad range of topics, with a focus on essential areas such as:

Introduction to Global Internal Audit Standards

International Standards for The Professional Practice of Internal Auditing
Core Principles for The Professional Practice of Internal Audit
Code of Ethics and Standards

Effective date and transition for internal audit standards
Components – In-depth and review of global standards
How the IPPF Has changed
Way forward and application of GIS in practice
Ethics and professionalism in internal auditing

Target Audiences
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 the session.
Cost:
Charges for the training will be Kes 10,000/= which will cover workshop 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 to marketing@icpak.com.
We encourage members to regularly visit our website https://www.icpak.com for updates.

IFRS Virtual Seminar (Mandatory Training)
2025-03-26 09:00 - 2025-12-31 15:30 | Virtual Delivery
THE INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(Established under the Accountants Act, Laws of Kenya)
IFRS Virtual Seminar (Mandatory Training) – Recording
Date: 26th – 27th March 2025
Time: 09.00am-03.30pm
Venue: Virtual
(This is one of the mandatory trainings for practicing certificate consideration)
Overview
The dynamic global business environment demands adherence to high-quality financial reporting standards to ensure transparency, accountability, and comparability. The International Financial Reporting Standards (IFRS) are the global benchmark for financial reporting, guiding organizations in preparing consistent and reliable financial statements.
To keep pace with evolving standards and address practical challenges in implementation, this two-day seminar will provide a comprehensive learning experience. This two-day IFRS Seminar is designed to equip finance and accounting professionals with a robust understanding of key IFRS standards, focusing on their technical requirements, practical applications, and strategic implications. Participants will delve into essential standards governing financial reporting, consolidation, sustainability disclosures, and climate-related disclosures.
Key areas to be covered include:

IAS 40: Investment Property

Introduction to IAS 40
Recognition and Initial Measurement
Subsequent Measurement Options
Transfers to and from Investment Property
Disposal and Derecognition
Disclosure Requirements

IFRS 7: Financial Instruments Disclosures

Introduction to IFRS 7
Categories of Financial Instruments
Disclosure Requirements for Financial Risks
Statement of Financial Position and P&L Disclosures
Disclosure for Impairment of Financial Instruments
Disclosure for Liquidity Risk
Market Risk Disclosures

IFRS 10: Consolidated Financial Statements

Introduction to IFRS 10
Key Concepts of Control
Consolidation Process
Non-Controlling Interests (NCI)
Changes in Ownership Interests
Disclosures under IFRS 10

IFRS S1: General Requirements for Disclosure of Sustainability-related Financial Information

Introduction to IFRS S1
Core Principles of IFRS S1
Governance and Risk Management Disclosures
Assurance and Compliance

IFRS S2: Climate-Related Disclosures

Introduction to IFRS S2
Core Principles of IFRS S2
Governance Disclosures
Strategy Disclosures- Scenario analysis to test Resilience

Roadmap for Adoption of IFRS Sustainability Disclosure Standards

Adoption of IFRS Sustainability Disclosure Standards
Key Considerations for Effective Adoption
General Requirements for Disclosing Sustainability Information
Reliefs
Assurance of sustainability-related information

TARGET AUDIENCE
This training will be useful to professional Accountants and professionals from the Financial Services Sector.
Continuous Professional Development Units (CPD Units):
Members of ICPAK and reciprocating professional bodies will be 10 CPD Units upon successfully attending each session of the Seminar.
Cost:
Charges for the training will be Kes10,000/= which will cover workshop 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)

The 6th External Audit Practitioners Forum (Mandatory Training)
2025-04-23 09:00 - 2025-12-31 15:30 | Virtual Delivery
THE INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(Established under the Accountants Act, Laws of Kenya)
The 6th External Audit Practitioners Forum (Mandatory Training) – Recording
Theme: Upholding Public Interest Through the Improvement of Audit Quality
Date: 23rd – 24th April 2025
Time: 09.00am-03.30pm
Venue: Virtual
This is one of the Mandatory Trainings for practicing certificate consideration
Overview
Audit 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.
This 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.
Therefore, 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.
Moreover, 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.
The 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.
The 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.
Last 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.
It 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.
i. Developments in accounting and auditing standards and the impact on audit quality management – ISQM 1 & 2, ISA 220.
ii. The current auditing challenges and opportunities: An overview of the recent developments in audit practices
iii. Sustainability of audit firms: effective management including succession planning for audit firms
iv. Recent developments in Audit Practice; Case studies and lessons to be learned
-Focus on sustainability reporting and assurance IFRS S1 & S2 and ISSA 5000 and implications on the audit practice in Kenya
v. The new auditor reports signing and other regulatory requirements impacting the profession.
vi. Effective risk management of an audit engagement – drawing practical lessons from practitioners’ experiences.
vii. Effective audit firm leadership, governance & culture
viii. Cybersecurity and its impact on audit practitioners
ix. Anti Money Laundering (AML) for professionals
x. Leveraging technology to deliver required efficiencies and quality in audit assignments.
-Practical insights on the utilization of the ICPAK Audit Software
Target Audience:
Private 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.
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 Conference sessions.
Cost:
Charges for the training will be Kes10,000/= which will cover workshop fees, materials, and e-certificates of attendance.
Online Booking:
We 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.
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)

Annual Practical Ethics Forum 2025 (Mandatory Training)
2025-05-03 09:00 - 2025-12-31 16:29 | Virtual Delivery
THE INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(Established under the Accountants Act, Laws of Kenya)
Annual Practical Ethics Forum (Mandatory Training) – Recording
Date: 5th -6th March 2025
Venue: Virtual
Time: 09.00am-03.30pm
(This is one of the mandatory trainings for Practicing Certificate consideration)
Overview
The role of accountants extends beyond financial leadership to incorporate broader responsibilities both in governance and ethics. The swiftly evolving global landscape, characterized by technological advancements, interconnected economies, and diverse societal challenges, makes the principles of integrity and accountability to be more crucial than ever. Corporate success or failure is reliant on strong ethics and governance practices which ensure that financial reporting and practices are conducted with integrity, transparency and accountability.
Corporate ethics is the moral behavior of a company and its employees while conducting business. It examines ethical principles and dilemmas in business conduct, affecting individuals and organizations. These ethics stem from personal values, policies, or legal frameworks, and guide businesses in interactions with stakeholders. Business ethics encompass contemporary standards, principles, and norms. Governance and ethics are fundamental aspects of the accounting profession,
The Annual Practical Ethics Forum will enable accountants to deepen their knowledge on ethical matters while exploring emerging trends to upholding integrity and accountability in the accounting profession through training and sharing best practices.
The forum will focus on the following key topics:
1. International Code of Ethics for Professional Accountants (IESBA Code)
i. Complying with the Code, Fundamental Principles and Conceptual Framework
ii. Professional Accountants in Business
iii. Professional Accountants in Public Practice
iv. Independence for Audit and Review Engagements
2. Conflict of interest and threats to accountants: -practitioners, employed accountants in service, internal audit, assurance etc
3. Responsibilities of professional accountants in safeguarding ethical practices for organizations
4. Evaluating and resolving ethical problems
5. Intricacies of whistle blowing
6. Monitoring ethics and compliance
7. Professional misconduct, risk and the ethical link -Disciplinary Committee insights
8. Insights from the Ethics and Anti-Corruption Commission (EACC) on ethics for professionals and the fight against corruption
9. Ethical considerations in sustainability reporting
10. Overview of recent changes to the International Code of Ethics for Professional Accountants
Target Audience:
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.
Cost:
Charges for the training will be Kes10,000/= which will cover Seminar fees, and an e-certificate 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)

Income Tax and Indirect Taxes Seminar (Mandatory Training)
2025-05-06 09:00 - 2025-12-31 15:30 | Virtual Delivery
INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(Established under the Accountants Act, Laws of Kenya)
Income Tax and Indirect Taxes Seminar (Mandatory Training) – Recording
DATE: 6th – 7th May 2025
TIME: 9:00 AM – 3:30 PM
MODE OF DELIVERY: VIRTUAL
(This is one of the mandatory trainings for practicing certificate consideration)
Overview
The Income Tax & Indirect Taxes Seminar will provide an in-depth exploration of recent developments in the tax landscape, focusing on both income and indirect taxes. Participants will gain critical insights into the changing tax environment and its implications for compliance and corporate strategies. The seminar will address vital areas of tax planning for individuals and corporates, helping stakeholders navigate challenges and seize opportunities to minimize tax liabilities legally.
One key focus will be the recent changes in income tax legislation, specifically updates to the Income Tax Act. This session will explore the implications of these amendments for businesses and individuals, emphasizing compliance strategies and the integration of these changes into corporate tax structures. A significant discussion will be on tax planning for individuals and corporates, with a detailed examination of the best practices for leveraging tax incentives, deductions and reliefs to optimize tax positions.
The seminar will also dig into the complex topic of transfer pricing, focusing on the impact of these regulations on multinational corporations and how businesses can align their policies with international guidelines such as the BEPS (Base Erosion and Profit Shifting) framework. Participants will receive practical guidance on managing transfer pricing risks and ensuring compliance with global standards.
In addition to income tax, the seminar will cover key issues in indirect taxes, starting with the evolving landscape of Value Added Tax (VAT). The session will address the latest updates in VAT regulations, compliance and opportunities for businesses to manage VAT refunds and audits effectively. Further discussions will cover the administration of excise taxes, particularly in light of emerging trends in digital goods and services, as well as the broader impact of excise duties on business profitability.
Digital service tax (DST) and the taxation of e-commerce transactions will be explored. The seminar will also include a comprehensive overview of customs duties, import/export taxes and their impact on businesses, providing actionable advice for companies seeking to optimize trade processes and minimize risks associated with customs tariffs.
This seminar will equip participants with the knowledge and tools to navigate the complexities of income and indirect taxes while ensuring compliance and identifying tax planning opportunities.
Key discussion areas:

Understanding Recent Changes in Income Tax Legislation

Overview of recent amendments in the Income Tax Act.
Implications for compliance and corporate strategies.

Tax Planning for Individuals and Corporates

Best practices for minimizing tax liability within legal frameworks.
The role of tax incentives and reliefs.

Transfer Pricing Regulations and Compliance

Impact of transfer pricing on multinational corporations.
Aligning transfer pricing policies with BEPS (Base Erosion and Profit Shifting) guidelines.

VAT Challenges and Opportunities

Latest updates in VAT regulations and thresholds.
Managing VAT refunds, audits and compliance.

Excise Tax Administration and Trends

Emerging areas of excise taxation, such as digital goods and services.
The impact of excise duties on business profitability.

Digital Service Tax (DST) and E-commerce Taxation

Navigating the complexities of taxing digital services and e-commerce transactions.
Practical approaches to ensure compliance in the digital economy.

Customs and Trade: Managing Import/Export Taxes Effectively

Navigating the complexities of customs duties and trade tariffs.

Target Audience
This virtual symposium will be useful to all professional Accountants and other professionals interested in taxation.
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 virtual symposium.
Financial Commitment
The symposium 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, +254 719 074 100,/0719 074 221 or via email to Fredrick Otwori at fredrick.otwori@icpak.com with a copy to marketing@icpak.com.
We encourage members to regularly visit our website https://www.icpak.com for updates.

International Taxes and Transfer Pricing Workshop (Mandatory Training)
2025-05-28 09:00 - 2025-12-31 15:30 | Virtual Delivery
THE INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(Established under the Accountants Act, Laws of Kenya)
International Taxes and Transfer Pricing Workshop (Mandatory Training) – Recording
THEME: Tax compliance within the country and across borders
Date: 28th- 29th May 2025
Time: 9: 00am-3: 30pm
Mode of Delivery: Virtual /Zoom
(This is one of the Mandatory Trainings for practicing certificate consideration)
Overview
International 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.
The 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.
In 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.
The 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.
The symposium intends to enhance the participants’ understanding of transfer pricing by focusing on:

Overview of BEPS Pillar I and II: Implications and Compliance Strategies
International tax planning
Development of Transfer Pricing Frameworks Aligned with OECD Guidelines
Structuring Cross-Border Transactions for Tax Efficiency
Value Chain Analysis and Tax Optimization
Operational Transfer Pricing: Technology and Process Integration
Dispute Resolution in International Tax and Transfer Pricing
Practical Insights into Managing Regulatory Compliance
Transfer pricing documentation

TARGET AUDIENCE
ICPAK 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.
This 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.
Continuous Professional Development Units (CPD Units):
Members of ICPAK and reciprocating professional bodies will be awarded 10 CPD Units upon successfully attending the session.
Cost:
Charges for the training will be Kes 10,000/= which will cover workshop 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 our website https://www.icpak.com for updates.

Practical Ethics Forum 2025 (Mandatory Training)
2025-06-11 09:00 - 2025-12-31 15:30 | Virtual Delivery
THE INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(Established under the Accountants Act, Laws of Kenya)
Practical Ethics Forum (Mandatory Training) – Recording
THEME: Balancing Professional Integrity and Client Expectations: The Accountant’s Dilemma
11th – 12th June 2025
9.00-15.30
Venue: virtual
(This is one of the mandatory trainings for Practicing Certificate consideration)
Overview
Given the current complex and fast-evolving business environment, professional accountants are increasingly faced with ethical dilemmas that require sound judgment, integrity, and a commitment to public interest. Its imperative for professional accountants to achieve ethical decision-making in financial reporting, auditing, taxation, and advisory services. This is reinforced by the prevalence of several high-profile accounting scandals that underscore the need for strengthening ethical standards in the profession.
By adhering to ethical principles, accountants uphold the trust and confidence of stakeholders which contributes to the integrity of financial markets, complying with legal and regulatory requirements, maintaining professionalism, and managing risks. This fulfills their professional obligations with integrity and accountability.
In recent years, there has also been a sharp rise in demand for sustainability information such as in relation to environmental, social and governance (ESG) matters. As this demand continue to expand rapidly, there is a pressing public interest to ensure that such information is trustworthy and comparable, and therefore capable of being subject to assurance. It is in the public interest that sustainability assurance practitioners act ethically to maintain public trust and confidence. Practical ethics helps individuals and organizations steer moral complexities, foster trust, and contribute to a more ethical and just society as the reputation of the accounting profession rests on the trust that stakeholders have in the ethical behavior of accountants.
This forum aims to bridge the gap between ethical theory and practice, providing professional accountants with practical tools to identify, evaluate, and respond to ethical challenges in real-world scenarios.
Key Areas to be Covered During the Virtual Session
The following key areas will be discussed during the forum:

Overview of the IESBA Code of Ethics: A comprehensive look at the ethical principles outlined in the IESBA Code and their application to day-to-day accounting practices.
Understanding and Managing Ethical Dilemmas: Practical guidance on identifying and resolving ethical conflicts that accountants may face in various professional scenarios.
Insights from the Ethics and Anti-Corruption Commission (EACC) on ethics for professionals and the fight against corruption
International Ethics Standards for Sustainability Assurance (IESSA): comprehensive ethical framework for professionals engaged in sustainability assurance, aiming to enhance the credibility of sustainability information and mitigate risks such as bias, conflicts of interest, and greenwashing.
Conflicts of Interest and Professional Conduct: How to identify and manage conflicts of interest and ensure professional conduct that aligns with ethical standards.
Challenges of being an ethical professional in Kenya and around the world. Maintaining Ethical Values by professionals in leadership (Both National Leadership and Corporate Leadership)

Target Audience:
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.
Continuous Professional Development Units (CPD Units):
Members of ICPAK and reciprocating professional bodies will be awarded 10 CPD Units upon successfully attending the session.
Cost:
Charges for the training will be Kes 10,000/= which will cover workshop 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 our website https://www.icpak.com for updates.

Audit Practical Skills Workshop (mandatory training)
2025-06-17 09:00 - 2025-12-31 15:30 | Virtual Delivery
THE INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(Established under the Accountants Act, Laws of Kenya)
Audit Practical Skills Workshop (mandatory training) – Recordings
Theme: Bridging the Practical Audit Skills Gap in a Rapidly Evolving Risk and Technological Environment
Date: 17th -18th June 2025
Time: 09.00am- 03.30pm
Mode of Delivery: Virtual
(This is one of the mandatory trainings for Practicing Certificate consideration)
Overview
Across the globe, audit failures continue to expose critical gaps in risk identification, fraud detection, and documentation quality. This is despite significant investment in tools and training. These persistent deficiencies, often flagged in regulatory inspections, point to a deeper issue: the need for a transformative shift in audit practice. As emerging technologies, complex fraud schemes, and tightening regulatory demands reshape the audit landscape, traditional procedural audits are no longer sufficient. Instead, auditors must adopt a more strategic, investigative, and risk-responsive approach to remain relevant and effective.
In Kenya, this global shift is echoed through growing pressure on the audit profession to meet the heightened expectations of regulators, boards, and the investing public. The profession is moving decisively toward risk-based auditing and value-driven assurance, demanding rigorous application of the International Standards on Auditing (ISAs). Central to this evolution are the revised ISA 315, which focuses on robust identification and assessment of risks of material misstatement, and ISA 220 (Revised), which emphasizes quality management at the engagement level. These standards are not only compliance tools – they are frameworks for delivering insightful, high-quality audits in a dynamic business environment.
The rising prevalence of fraud and financial misconduct has further elevated the role of the auditor. Modern auditors are expected to strengthen their forensic capabilities, leveraging data analytics and applying enhanced professional skepticism to detect anomalies and respond to fraud risks early. At the same time, tightening Anti-Money Laundering (AML) laws have expanded the auditor’s remit to include scrutiny of financial flows for indicators of money laundering, terrorism financing, and other illicit activities. This signals a broader shift: auditors are increasingly becoming agents of financial integrity and regulatory accountability.
Compounding these challenges are today’s volatile economic conditions – marked by inflation, geopolitical instability, and supply chain disruptions – that can trigger significant post-reporting events. IAS 10: Events After the Reporting Period remains a vital standard in this context, requiring auditors to exercise sound judgment in identifying and disclosing such events to maintain the integrity and relevance of financial statements. Misclassification or oversight can materially mislead stakeholders and erode trust.
At the foundation of effective audit delivery is audit quality control, as set out in ISQM 1 and ISA 220 (Revised). These standards emphasize a proactive, risk-based system of quality management that supports consistent, high-quality engagement performance. However, without robust documentation, as prescribed by ISA 230, even the most well-intentioned audit procedures may fall short. The complexity of accounting estimates, evolving judgments, and accelerating technological integration demand that auditors continuously enhance their ability to evaluate audit evidence, apply judgment, and maintain thorough documentation.
Recognizing these multifaceted demands, the forum concludes with a renewed focus on ethical resilience, professional growth, and the development of adaptive capabilities. As auditors face expanding roles and increased public scrutiny, soft skills—such as communication, leadership, ethical decision-making, and client management—are no longer optional; they are critical enablers of success. This forum is therefore designed not only to advance technical mastery but also to empower audit professionals to lead with confidence, integrity, and agility in today’s complex assurance landscape.
Key Focus Areas
This Training is divided into the following modules covering various aspects.

DAY
MODULE
TOPICS

DAY 1

A. Enhancing Risk-Based Audit Planning through Updated ISA Guidance

· Practical application of ISA 300 – Planning an Audit of Financial Statements.
· Practical application of ISA 315 (Revised 2019) – Identifying and Assessing the Risks of Material Misstatement.
· Practical Application of ISA 240 – The Auditor’s Responsibilities Relating to Fraud.
· Practical application of ISA 330 – The Auditor’s Responses to Assessed Risks
These, in the context of, emerging technologies, complex fraud schemes, and tightening regulatory demands.

B. Audit Execution and Documentation Standards in the Digital Era

· Effective use of ISA 230: Audit documentation essentials and recent expectations.
· ISA 500 – Audit Evidence in a digital era.
· Leveraging audit software tools to standardize working papers.
· Addressing audit file quality issues and avoiding recurring review points.
· Ensuring documentation meets regulatory and quality review requirements.

C. Anti-Money Laundering and the Expanding Role of Auditors

· AML frameworks and audit procedures for detecting red flags.
· Evaluating compliance with reporting obligations under AML laws.
· Recognizing suspicious activity indicators within financial statements.
· Auditor’s responsibilities in relation to reporting suspicious transactions.

D. Responding to Fraud Risk Response for Professional Auditors

· Techniques for investigating financial irregularities and control circumvention.
· Case-based detection of fictitious and override transactions.
· Role of forensic audit in strengthening internal controls and accountability.
· Using fraud risk indicators to shape audit procedures and planning.

DAY 2
E. Events After the Reporting Period and Their Audit Implications

· Understanding IAS 10 and its relevance in ongoing engagements.
· Assessing adjusting vs. non-adjusting events and their audit treatment.
· Evaluating going concern assumptions in light of subsequent events.
· Communicating post-reporting risks in auditor’s report and management letters.

F. Quality Control (ISQM 1) and ISA 220: Managing Engagement-Level Quality

· Role of the Engagement Partner under ISA 220 (Revised).
· Monitoring audit quality indicators and reviewer findings.
· Establishing robust supervision and review processes during engagements.
· Integrating firm-level policies with engagement-specific risks.

G. Emerging Trends in Audit Technology and Data Analytics

· Opportunities and risks in automating audit tests.
· Data Analytics – Driven Audit Procedures
· AI and Machine Learning in Risk Assessment
· Robotic Process Automation (RPA) such as Routine task automation – data extraction, reconciliations, and confirmations.
· Challenges in data reliability and auditor judgment in tech-based audits.

H. Professional Growth and Ethical Competence in Audit Practice

· Maintaining auditor independence in high-pressure environments.
· Enhancing communication and critical thinking during audits.
· Auditor responsibility in shaping transparent governance.
· Embedding continuous learning and resilience in audit career paths.

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 the session.
Cost:
Charges for the training will be Kes 10,000/= which will cover workshop 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 to marketing@icpak.com.
We encourage members to regularly visit our website https://www.icpak.com for updates.

Value Added Tax (VAT) Workshop (Mandatory Training)
2025-07-01 09:00 - 2025-12-31 15:30 | Virtual Delivery
INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(Established under the Accountants Act, Laws of Kenya)
Value Added Tax (VAT) Workshop (Mandatory Training) – Recording
Theme: Ensuring VAT Compliance
Date: 1st – 2nd July 2025
Time: 9.00am-3.30pm
Delivery Mode: Virtual
(This is one of the mandatory trainings for Practicing Certificate consideration
Overview
Have you ever wondered how VAT impacts everything from your morning coffee to global business transactions? What if you could unlock the secrets behind this ubiquitous tax system and become a VAT virtuoso? This Workshop isn’t just about numbers and tax codes; it’s a journey into the heart of commerce and economics.
As we dive into the realms of VAT, you’ll learn to navigate the intricate maze of regulations, understand the vital role of VAT in different economies, and even decode the mysteries of international VAT compliance. Think of yourself as an economic explorer, charting new territories in the world of finance and taxation.
As we all know in today’s globalized and dynamic business environment, Value Added Tax (VAT) has become one of the most critical and complex tax regimes that businesses must navigate. VAT is essential not only for generating government revenue but also as a fundamental component of business strategy, influencing the way companies operate, plan, and report their financials. With tax laws constantly evolving, accounting and tax professionals must stay informed about regulatory changes to ensure compliance, optimize tax liabilities, and manage VAT risks effectively.
VAT plays a crucial role in Kenya’s economy, where the Kenya Revenue Authority (KRA) has significantly strengthened its enforcement mechanisms. Over the past few years, Kenya has seen substantial changes in its VAT regulations, including the introduction of VAT on digital services and the enforcement of e-filing and e-invoicing systems, which are transforming the tax administration landscape. These changes not only challenge businesses but also create opportunities for those who can strategically plan their VAT obligations. As such, it is increasingly important for accountants, tax advisors, auditors, and other financial professionals to stay up to date with these changes and understand their implications on business operations.
This workshop is designed to equip delegates from across various sectors—including telecommunications, banking, consulting, and more—with the knowledge and practical skills needed to navigate the complexities of VAT. Whether you’re working with large organizations or Growing Companies, this session will provide key insights into VAT laws and offer practical solutions to mitigate risks, enhance compliance, and optimize tax strategies in your day-to-day operations. These among others form part of the areas of discussion during the session.
Key Areas to be Covered
1. Introduction to VAT and Its Global Impact
o Understanding the VAT framework and its importance in business operations worldwide.
o Overview of VAT systems in different regions and how they compare to the Kenyan system.
2. VAT in Kenya: Legal Framework and Compliance Requirements
o Detailed analysis of Kenya’s VAT Act and the role of the Kenya Revenue Authority (KRA) in enforcing VAT compliance.
o Recent amendments, including VAT on digital services, new exemptions, and updates to VAT rates.
o Practical considerations in preparing and filing VAT returns, including e-filing and e-invoicing systems.
3. VAT Policy and Economic Implications
o The role of VAT in Kenya’s economic development and fiscal policy.
o Exploring how VAT reforms affect businesses and government revenue generation.
4. Strategic Tax Planning with VAT
o Techniques for optimizing VAT payments and ensuring compliance in different business models.
o Managing VAT on imports, exports, and transactions with related parties.
o How VAT planning can enhance cash flow and reduce tax liabilities.
5. VAT Audits and Dispute Resolution
o What to expect during a VAT audit by KRA and best practices to avoid penalties.
o Procedures for handling disputes and resolving issues with the KRA.
o Case studies of VAT audits and common mistakes businesses make.
6. Impact of VAT on Financial Reporting
o How VAT affects financial statements and tax filings for large corporations.
o The role of accountants in preparing VAT-compliant financial reports for different sectors.
7. Sector-Specific VAT Issues
o Special VAT considerations for industries such as telecommunication, banking, and professional services.
o Addressing sector-specific VAT challenges and opportunities for tax efficiency.
8. The Role of Technology in VAT Compliance
o Embracing digital tools like e-invoicing, e-filing, and automated VAT solutions to enhance compliance and efficiency.
o Exploring KRA’s digital tax administration system and its implications for business operations.
9. Cross-Border Transactions and VAT
o Handling VAT on cross-border transactions, including imports and exports.
o Understanding VAT treatment in international trade agreements and tax treaties.
10. VAT Refunds and Credits
o Procedures for claiming VAT refunds and managing input VAT credits.
o Common errors in VAT refund claims and how to avoid them.
Target Audience
ICPAK 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
Continuous Professional Development Units (CPD Units):
Members of ICPAK and reciprocating professional bodies will be awarded 10 CPD Units upon successfully attending the session.
Cost:
Charges for the training will be Kes 10,000/= which will cover workshop 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 to marketing@icpak.com.
We encourage members to regularly visit our website https://www.icpak.com for updates.

Mental Health and Substance Abuse in the workplace Webinar
2025-07-22 16:00 - 18:00 | Virtual Delivery
INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(Established under the Accountants Act, Laws of Kenya)
Mental Health & Substance Abuse in the workplace Webinar
Date: 22nd July 2025
Time: 04.00pm-06.00pm
Delivery Mode: Virtual
Overview
Work significantly impacts our health and well-being, providing financial stability, purpose, identity, and social connections. However, a toxic work environment can cause stress, anxiety, depression, and substance abuse, affecting everyone, regardless of their role within an organization. This issue affects employee well-being and organizational productivity. While workplace conditions are not controlled by senior leaders, we can protect our mental health by prioritizing mental well-being.
The effects of substance abuse on the job have a far-reaching impact on the profitability of a business. Many job duties involve being alert and accurate, having quick reflexes and being efficient in completing tasks. When a person is impaired, it can lead to accidents, inefficiency and reduced productivity. Absenteeism due to recovering from the effects of substance abuse and related illnesses can also be costly to businesses. Coworkers of addicted employees often work longer hours or take on additional tasks to compensate for lost productivity due to substance abuse. The workplace can provide a valuable opportunity for employers and employees to collaborate on recovery programs and guidelines, as most drug users are employed. This collaboration can help both parties work towards recovery.
Everyone has the right to work and a safe, healthy working environment. Work can be a protective factor for mental health, but it can also contribute to worsening it. Preventable work-related mental health conditions can be achieved by promoting mental health and supporting individuals with mental health and substance abuse addiction. Addressing substance abuse in the workplace and implementing effective prevention and treatment measures are critical to promoting a healthy and productive work environment. This webinar covers potential indicators of employee substance abuse, prevention and treatment strategies. Key discussion areas:

Relationship between work and mental health
Identifying indicators of substance use in the workplace
Prevention and treatment strategies for substance abuse
Tips on promoting good mental health at the workplace
Ethical and legal considerations
Workplace as mental health support

Target Audience
This webinar will be useful to all professionals serving in different industries.
Continuous Professional Development Units (CPDs):
Members of ICPAK and those from reciprocating professional bodies will be awarded 2 Structured CPD Units upon successful completion of the workshop.
Financial Commitment:
The workshop charges are Kshs. 1,000. Charges will cater for the webinar fees, learning materials, and e-certificates of attendance.
Online Booking:
Registration: Delegates are reminded to note that online booking for the webinar is mandatory on https://www.icpak.com/event-registration/Online Booking We call on workshop participants to note that booking is available only online at www.icpak.com and will close one day before the training session. Delegates are reminded to note that online booking for the training 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 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 update.

INSURANCE AND BANKING SECTOR CONFERENCE
2025-07-23 09:00 - 2025-07-25 15:30 | Enashipai Resort & Spa, Naivasha, Naivasha, Naivasha, Nakuru County, 00100, Kenya
THE INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(ESTABLISHED UNDER THE ACCOUNTANTS ACT, LAWS OF KENYA)
INSURANCE AND BANKING SECTOR CONFERENCE
THEME: Enhancing financial reporting and internal controls for the financial services sector in Kenya: successes and pitfalls
DATE: 23RD – 25TH JULY 2025
VENUE: ENASHIPAI RESORT & SPA, NAIVASHA
TIME: 09.00AM-03.30PM
OVERVIEW
The adoption of IFRS 17 in Kenya is still underway, and its implementation is being overseen by the Institute. Kenya is expected to adopt IFRS 17 in its entirety, with no modifications or exemptions. To date, the implementation of IFRS 17 in Kenya has been challenging for insurance companies, as they are required to make significant changes to their systems, processes, and data management. Additionally, insurance companies are required to make substantial investments in technology and personnel to meet the new requirements. Kenyan insurance firms may face high costs to meet the conditions for reporting rules as the global standardization policy for underwriters came into effect on January 1, 2023. The implementation of the accounting standards was delayed by one year due to the Covid-19 pandemic. The requirements include that insurers double their capital and shift all non-quoted investments into a holding company.
To support the adoption of IFRS 17, ICPAK has been providing training and guidance to insurance companies and other stakeholders, including accountants and auditors. The ICPAK has also been working with other regulatory bodies, such as the Insurance Regulatory Authority of Kenya, to ensure a smooth transition to the new standard. Earlier in 2024, there was a risk that some insurers would not be IFRS 17 compliant or would have substandard opening values on their balance sheets. Much of this laxity was driven by scepticism about the cost-benefit balance of IFRS 17. Implementation of IFRS 17 requires significant financial resources for IT systems and human resources. Most internal actuarial teams in Kenya are small and, given how demanding implementation is, companies will have to hire more staff dedicated to IFRS 17.
The standard is also perceived as complex as it introduces new concepts that have no current equivalents, such as the contractual service margin. The general measurement model also includes subjective elements, such as the risk adjustment calculation and discounting options for short-term contracts. As a result, there is a fear that financial statements will become less useful and harder to interpret. The standard is therefore perceived as high-cost and low-benefit. It is expected that the adoption of IFRS 17 in Kenya will improve the quality of financial reporting for insurance companies, enhance comparability of financial information, and increase transparency in the insurance sector.
Capital Adequacy Ratio (CAR) in insurance is a crucial measure of an insurer’s financial strength and ability to withstand losses. It is calculated by dividing an insurer’s available capital by the total capital required, expressed as a percentage. The Insurance Act in Kenya mandates that insurers maintain a CAR of at least 100% of the minimum capital prescribed under the Act.
The Capital Adequacy Ratio (CAR) is a crucial financial metric in banking, representing the amount of a bank’s capital (equity) relative to its risk-weighted assets. It’s a key indicator of a bank’s financial health and stability, ensuring they can absorb potential losses and maintain operational stability. A higher CAR indicates a stronger bank, while a lower CAR raises concerns about their ability to meet obligations.
Financial inclusion is undoubtedly a leading facilitator of achieving the Sustainable Development Goals (SDGs). It provides individuals with tools to manage their money, access credit, access insurance products and services, invest for the future, and participate more actively in the formal economy. In addition, financial inclusion supports the attainment of the overarching goal of leapfrogging Kenya’s economy into a newly industrialized, middle-income country providing a high quality of life to all its citizens in a clean and secure environment anchored on Vision 2030.
Kenya is an outright leader globally in matters digital financial inclusion, with over 80% of adults today accessing financial services through mobile money platforms like M-pesa. The country has made significant progress in broadening and expanding access to financial services over the last two decades. This has transformed the lives of many citizens including women, youth, persons with disabilities and the elderly who previously were excluded in matters financial services. This has impacted positively on the country’s economic development, spurring sustainable growth and development in all sectors of the economy.
However, significant disparities remain influenced by gender, income, education, employment status and age. A significant number of women particularly in the rural areas of Kenya are still unable to access financial services despite the great milestones achieved so far. Moreover, the majority of those in the low-income bracket are still excluded from accessing formal financial services. A huge chunk of their meagre incomes is utilized in meeting basic needs like food, clothing and shelter leaving them without income for investment and other important financial services like insurance. Although Kenya boasts of a high literacy rate of 82.88% in 2022, only a paltry 23% of the population have secondary education and above. Besides this, Kenya is currently struggling with unemployment rate at 5.68% as at 2024. This means that most young people are unable to find gainful employment adversely affecting their ability to access financial services. Furthermore, many elderly people are today unbankable and therefore unable to access financial services. This is particularly more pronounced in rural areas where most of the youth, women, SMEs and marginalized people reside in.
OBJECTIVE & THEMATIC AREAS
Based on the foregoing developments, the Institute has organized a three-day insurance & banking sector conference themed ‘Enhancing financial inclusion in Kenya: successes and pitfalls. Over the three-days of the conference, experts, practitioners, scholars and policymakers will participate in animated discussions around the above-mentioned issues, setting out their collective views on how to enhance financial inclusion in Kenyan to spur economic growth and development. The conference will focus on the following topical areas:
1. Overview of financial inclusion in Kenya
• Progress over the last decade
• Key milestones and indicators
• Financial inclusion strategy and vision 2030 alignment
• The nexus between financial inclusion and SDGs: Kenyan experience
2. Policy and Regulatory framework
• Role of Central Bank of Kenya (CBK) and Insurance Regulatory Authority (IRA)
• The impact of relevant policies like the National Payments system Act
• Regulatory sandboxes and their role in innovation
3. Digital transformation in insurance and banking in Kenya
• The rise of mobile money and fintech (M-PESA, Equitel, etc.)
• Digital banking platforms
• Insurtech: digital insurance distribution models
4. Microinsurance and micro banking models
• Products tailored to low-income individuals
• Successes in informal sector outreach
• Designing for the underserved: youth, women, SMEs and rural populations
5. Capital Adequacy Ratios for Banks & Insurance
6. IFRS 17 Implementation and challenges
7. Advancements in Actuarial Valuation – Key Insights
8. IFRS 9- Financial Instruments
9. Benefits of Reinsurance for adequate risk management
10. Sustainability Reporting for Insurance Sector
11. Agent and mobile banking networks and partnerships
• Role of agents in expanding reach of financial services
• Oversight, training and challenges
• Weather -indexed insurance, mobile wallets for farmers
12. Credit risk, underwriting, default management and data-driven insights
• Credit risk modeling in informal sector of the Kenyan economy
• Managing default in micro-lending
• Fintech and Insurtech data analytics
Target Audience:
This course is designed for delegates drawn from both the public and private sectors, insurance and banking sectors. This conference is open to other different professions.
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 conference.
Financial Investment:

Category
Charges (Kes)

1
Associate Member
40,000 per delegate

2
ICPAK/ACCA Member
45,000 per delegate

3
Nonmember
50,000 per delegate

Charges for the training will cover workshop fees, materials, and e-certificates of attendance.
Online Booking:
We 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.
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

ICPAK /Telkom In-house Training on Work life Balance for Professionals
2025-07-24 14:00 - 16:00 | Virtual Delivery

ICPAK /JSC In-house Workshop on Validation and Sensitization
2025-07-29 08:00 - 2025-07-31 17:00 | Kyaka Hotel – Machakos, Machakos, Kenya
ICPAK /JSC In-house Workshop on Validation and Sensitization
29th to 31st July 2025
Kyaka Hotel, Machakos
CPDs 20

NATIONAL PRACTITIONERS GROWTH FORUM 2025 (MANDATORY TRAINING) physical option
2025-07-29 09:00 - 2025-07-31 15:30 | Safari Park Hotel & Casino, Thika Road, Safari Park Hotel & Casino, Thika Road, Nairobi, Kenya
THE INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(Established under the Accountants Act, Laws of Kenya)
NATIONAL PRACTITIONERS’ GROWTH FORUM 2025
Theme: Empowering Practitioners to Align to Global Requirements
Date: 29th- 31stJuly 2025
Venue: Nairobi & hybrid -Safari Park Hotel (physical option) and Virtual option
(This is a mandatory training for practicing certificate consideration)
Overview
In an era of unpredictable global economic environment fuelled by growing regulatory changes, supply chain disruptions, inflationary pressures and geopolitical instability, practitioners today are required to be agile and resilient to survive and thrive. As a result of these instabilities, we are now witnessing a significant rise in post-year end reporting events. IAS 10: Events After the Reporting Period, therefore, becomes a vital standard in this context for practising auditors to maintain the integrity and relevance of financial statements and engender the highly needed public confidence and trust.
However, it is important to note that reports of audit failures and scandals at local and international levels have been on the rise over the recent past. This has exposed critical gaps in risk identification, fraud detection, and documentation quality. This is despite significant investment in tools and training. These persistent deficiencies, often flagged in regulatory inspections, point to a deeper issue: the need for a transformative shift in audit practice. As emerging technologies, complex fraud schemes, and tightening regulatory demands reshape the audit landscape, traditional procedural audits are no longer sufficient. Instead, auditors must adopt a more strategic, investigative, and risk-responsive approach to remain relevant and effective.
In Kenya, for example, we have recently witnessed growing pressure on the audit profession to meet the heightened expectations of regulators, boards, and the investing public following reported major frauds affecting the public. The profession is therefore decisively shifting towards risk-based auditing and value-driven assurance, demanding rigorous application of the International Standards on Auditing (ISAs). Central to this evolution are the revised ISA 315, which focuses on robust identification and assessment of risks of material misstatement, and ISA 220 (Revised), which emphasizes quality management at the engagement level. These standards are not only compliance tools – but they are also frameworks for delivering insightful, high-quality audits in a dynamic business environment.
The increased reported cases of fraud and financial misconduct in Kenya have led to heightened demands for the elevation of status of auditors in organization hierarchy to guarantee professional independence. Auditors are therefore today expected to strengthen their forensic capabilities, leveraging data analytics and applying enhanced professional skepticism to detect anomalies and respond to fraud risks early. At the same time, tightening Anti-Money Laundering (AML) laws have expanded the auditor’s remit to include scrutiny of financial flows for indicators of money laundering, terrorism financing, and other illicit activities. This signals a broader shift: auditors are increasingly becoming agents of financial integrity and regulatory accountability.
At the foundation of effective audit delivery is audit quality control, as set out in ISQM 1 and ISA 220 (Revised). These standards emphasize a proactive, risk-based system of quality management that supports consistent, high-quality engagement performance. However, without robust documentation, as prescribed by ISA 230, even the most well-intentioned audit procedures may fall short. The complexity of accounting estimates, evolving judgments, and accelerating technological integration demand that auditors continuously enhance their ability to evaluate audit evidence, apply judgment, and maintain thorough documentation.
Last but not the least, practitioners are also faced with challenges revolving around compliance with regulations such as SASRA, RBA and AML to name but a few. Moreover, practitioners also grapple with the issue of succession planning mainly for single partner firms, complexities around licensing and the staying up to date with new standards requirements. In addition, practitioners handle a lot of data and information about their clients and are therefore at risk of facing legal suits emanating from data collection and handling.
Recognizing these multifaceted demands, the forum concludes with a renewed focus on ethical resilience, professional growth, and the development of adaptive capabilities. As auditors face expanding roles and increased public scrutiny, soft skills—such as communication, leadership, ethical decision-making, and client management—are no longer optional; they are critical enablers of success. This forum is therefore designed not only to advance technical mastery but also to empower audit professionals to lead with confidence, integrity, and agility in today’s complex assurance landscape.
Based on the foregoing developments, The Institute of Certified Public Accountants of Kenya (ICPAK), in line with its mandate to support and empower its members, is proud to host the National Practitioners Growth Forum 2025 – a three-day learning and networking platform tailored for practitioners.
Key Focus Areas
This Training is divided into the following modules covering various aspects that are key to practitioners.

DAY
MODULE
TOPICS

DAY 1

A. An overview of audit practice landscape in Kenya and globally

· Opportunities and challenges facing the audit profession in Kenya and relevant global trends & developments

B. Deploying risk-based approach to enhance audit quality

· Planning and delivering a high-quality audit engagement anchored on ISAs and applicable laws and regulations.
· Integrating risk-based approach as a cornerstone for value-driven audits.

C. Enhancing public trust and confidence in the audit process and outcome

· Restoring public trust and confidence in the audit process and outcome through robust audit planning, implementation, supervision, direction and reviews.
· Deployment of Unique Document Identification Number (UDIN) to enhance public trust and confidence

DAY 2

D. Anti-Money Laundering and the Expanding Role of Auditors

· AML compliance by practitioners
· AML frameworks and audit procedures for detecting red flags.
· Evaluating compliance with reporting obligations under AML laws.
· Auditor’s responsibilities in relation to reporting suspicious transactions.

E. Responding to increased regulatory requirements on the work of licenced practitioners
· Regulatory roundtable on key issues affecting audit, tax and advisory practitioners in Kenya- Key messages from CMA, SASRA, RBA, KRA, FRC

F. Towards a sustainable future for audit firms in Kenya

· Bolstering compliance with regulations and licensing requirements for audit firms in Kenya- Overview of the Accountants Act Regulations and the licence renewal process
· Best practices in managing and running a vibrant firm and submitting wining bids
· Effective succession planning for single partner audit firms

DAY 3
G. Quality Control (ISQM 1) and ISA 220: Managing Engagement-Level Quality

· Enhancing ISQM 1 & 2 Compliance
· Role of the Engagement Partner under ISA 220 (Revised).
· Monitoring audit quality indicators and reviewer findings.
· Establishing robust supervision and review processes during engagements.
· Integrating firm-level policies with engagement-specific risks.

H. Emerging Trends in Audit Technology and Data Analytics

· Opportunities and risks in automating audit tests.
· Data Analytics – Driven Audit Procedures
· AI and Machine Learning in Risk Assessment
· Robotic Process Automation (RPA) such as Routine task automation – data extraction, reconciliations, and confirmations.
· Challenges in data reliability and auditor judgment in tech-based audits.

I. Spurring professional growth anchored on ethical behaviour and positive mindset

· An overview of the IESBA Code of Ethics for Professional Accountants
· Overview of the IESSA (International Ethics Standards for Sustainability Assurance)
· Panel discussion on future proofing audit and accountancy profession- Key insights from practitioners for enhanced regulation of the profession

Continuous Professional Development Units (CPD Units):
Members of ICPAK and reciprocating professional bodies will be awarded 20 CPD Units upon successfully attending each of the conference sessions.
Target Audience:
Private 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.
CONFERENCE CHARGES

Category
Charges Kes

Physical Option
Virtual Option

1
Associate Member
35,000 per delegate
15,000 per delegate

2
ICPAK/ACCA Member
40,000 per delegate
15,000 per delegate

3
Nonmember
45,000 per delegate
15,000 per delegate

Charges for the training will cover workshop fees, materials, and e-certificates of attendance.
Online Booking:
We 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.
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)

NATIONAL PRACTITIONERS GROWTH FORUM 2025 (MANDATORY TRAINING) virtual option
2025-07-29 09:00 - 2025-10-31 15:30 | Virtual Delivery
THE INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(Established under the Accountants Act, Laws of Kenya)
NATIONAL PRACTITIONERS’ GROWTH FORUM 2025
Theme: Empowering Practitioners to Align to Global Requirements
Date: 29th- 31stJuly 2025
Venue: Nairobi & hybrid -Safari Park Hotel (physical option) and Virtual option
(This is a mandatory training for practicing certificate consideration)
OVERVIEW
In an era of unpredictable global economic environment fuelled by growing regulatory changes, supply chain disruptions, inflationary pressures and geopolitical instability, practitioners today are required to be agile and resilient to survive and thrive. As a result of these instabilities, we are now witnessing a significant rise in post-year end reporting events. IAS 10: Events After the Reporting Period, therefore, becomes a vital standard in this context for practising auditors to maintain the integrity and relevance of financial statements and engender the highly needed public confidence and trust.
However, it is important to note that reports of audit failures and scandals at local and international levels have been on the rise over the recent past. This has exposed critical gaps in risk identification, fraud detection, and documentation quality. This is despite significant investment in tools and training. These persistent deficiencies, often flagged in regulatory inspections, point to a deeper issue: the need for a transformative shift in audit practice. As emerging technologies, complex fraud schemes, and tightening regulatory demands reshape the audit landscape, traditional procedural audits are no longer sufficient. Instead, auditors must adopt a more strategic, investigative, and risk-responsive approach to remain relevant and effective.
In Kenya, for example, we have recently witnessed growing pressure on the audit profession to meet the heightened expectations of regulators, boards, and the investing public following reported major frauds affecting the public. The profession is therefore decisively shifting towards risk-based auditing and value-driven assurance, demanding rigorous application of the International Standards on Auditing (ISAs). Central to this evolution are the revised ISA 315, which focuses on robust identification and assessment of risks of material misstatement, and ISA 220 (Revised), which emphasizes quality management at the engagement level. These standards are not only compliance tools – but they are also frameworks for delivering insightful, high-quality audits in a dynamic business environment.
The increased reported cases of fraud and financial misconduct in Kenya have led to heightened demands for the elevation of status of auditors in organization hierarchy to guarantee professional independence. Auditors are therefore today expected to strengthen their forensic capabilities, leveraging data analytics and applying enhanced professional skepticism to detect anomalies and respond to fraud risks early. At the same time, tightening Anti-Money Laundering (AML) laws have expanded the auditor’s remit to include scrutiny of financial flows for indicators of money laundering, terrorism financing, and other illicit activities. This signals a broader shift: auditors are increasingly becoming agents of financial integrity and regulatory accountability.
At the foundation of effective audit delivery is audit quality control, as set out in ISQM 1 and ISA 220 (Revised). These standards emphasize a proactive, risk-based system of quality management that supports consistent, high-quality engagement performance. However, without robust documentation, as prescribed by ISA 230, even the most well-intentioned audit procedures may fall short. The complexity of accounting estimates, evolving judgments, and accelerating technological integration demand that auditors continuously enhance their ability to evaluate audit evidence, apply judgment, and maintain thorough documentation.
Last but not the least, practitioners are also faced with challenges revolving around compliance with regulations such as SASRA, RBA and AML to name but a few. Moreover, practitioners also grapple with the issue of succession planning mainly for single partner firms, complexities around licensing and the staying up to date with new standards requirements. In addition, practitioners handle a lot of data and information about their clients and are therefore at risk of facing legal suits emanating from data collection and handling.
Recognizing these multifaceted demands, the forum concludes with a renewed focus on ethical resilience, professional growth, and the development of adaptive capabilities. As auditors face expanding roles and increased public scrutiny, soft skills—such as communication, leadership, ethical decision-making, and client management—are no longer optional; they are critical enablers of success. This forum is therefore designed not only to advance technical mastery but also to empower audit professionals to lead with confidence, integrity, and agility in today’s complex assurance landscape.
Based on the foregoing developments, The Institute of Certified Public Accountants of Kenya (ICPAK), in line with its mandate to support and empower its members, is proud to host the National Practitioners Growth Forum 2025 – a three-day learning and networking platform tailored for practitioners.
Key Focus Areas
This Training is divided into the following modules covering various aspects that are key to practitioners.

DAY
MODULE
TOPICS

DAY 1

A. An overview of audit practice landscape in Kenya and globally

· Opportunities and challenges facing the audit profession in Kenya and relevant global trends & developments

B. Deploying risk-based approach to enhance audit quality

· Planning and delivering a high-quality audit engagement anchored on ISAs and applicable laws and regulations.
· Integrating risk-based approach as a cornerstone for value-driven audits.

C. Enhancing public trust and confidence in the audit process and outcome

· Restoring public trust and confidence in the audit process and outcome through robust audit planning, implementation, supervision, direction and reviews.
· Deployment of Unique Document Identification Number (UDIN) to enhance public trust and confidence

DAY 2

D. Anti-Money Laundering and the Expanding Role of Auditors

· AML compliance by practitioners
· AML frameworks and audit procedures for detecting red flags.
· Evaluating compliance with reporting obligations under AML laws.
· Auditor’s responsibilities in relation to reporting suspicious transactions.

E. Responding to increased regulatory requirements on the work of licenced practitioners
· Regulatory roundtable on key issues affecting audit, tax and advisory practitioners in Kenya- Key messages from CMA, SASRA, RBA, KRA, FRC

F. Towards a sustainable future for audit firms in Kenya

· Bolstering compliance with regulations and licensing requirements for audit firms in Kenya- Overview of the Accountants Act Regulations and the licence renewal process
· Best practices in managing and running a vibrant firm and submitting wining bids
· Effective succession planning for single partner audit firms

DAY 3
G. Quality Control (ISQM 1) and ISA 220: Managing Engagement-Level Quality

· Enhancing ISQM 1 & 2 Compliance
· Role of the Engagement Partner under ISA 220 (Revised).
· Monitoring audit quality indicators and reviewer findings.
· Establishing robust supervision and review processes during engagements.
· Integrating firm-level policies with engagement-specific risks.

H. Emerging Trends in Audit Technology and Data Analytics

· Opportunities and risks in automating audit tests.
· Data Analytics – Driven Audit Procedures
· AI and Machine Learning in Risk Assessment
· Robotic Process Automation (RPA) such as Routine task automation – data extraction, reconciliations, and confirmations.
· Challenges in data reliability and auditor judgment in tech-based audits.

I. Spurring professional growth anchored on ethical behaviour and positive mindset

· An overview of the IESBA Code of Ethics for Professional Accountants
· Overview of the IESSA (International Ethics Standards for Sustainability Assurance)
· Panel discussion on future proofing audit and accountancy profession- Key insights from practitioners for enhanced regulation of the profession

Continuous Professional Development Units (CPD Units):
Members of ICPAK and reciprocating professional bodies will be awarded 20 CPD Units upon successfully attending each of the conference sessions.
Target Audience:
Private 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.
Cost:
Charges for the training will be Kes40,000/= for Physical and Kes15,000/= virtual which will cover workshop fees, materials, and e-certificates of attendance.
Online Booking:
We 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.
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)

The Forensic, Fraud, Internal Controls and their effects on Financial Statements North Rift Branch
2025-07-31 09:00 - 2025-08-01 15:30 | Kitale Club, Kitale, 59963, Kitale, 00200, Kenya
THE INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(Established under the Accountant Act, Laws of Kenya)
The Forensic, Fraud, Internal Controls and their effects on Financial Statements North Rift Branch
Date: 31st July – 1st August 2025
Time: 09.00am -3.30pm
Venue: Kitale Club, Kitale
Overview
Have you ever considered how a simple oversight in control procedures can distort the entire financial picture of an organization? From understated liabilities to inflated revenues, the accuracy of financial statements depends heavily on the strength of internal control systems.
Every day, individuals unconsciously conduct audits of their own lives — from reviewing morning routines to budgeting daily expenses and accounting for their time. Similarly, in the corporate world, auditing and control processes play a vital role in ensuring accountability, transparency, and financial integrity. Yet despite these safeguards, numerous businesses still suffer financial losses, reputational harm, or even collapse due to internal control failures and fraudulent practices.
Fraudulent activity rarely occurs in isolation; it often thrives where internal controls are weak, inconsistent, or poorly enforced. Misstatements in financial statements — whether through inflated revenue, understated liabilities, or concealed expenses — frequently arise when there are loopholes in governance and oversight structures. These financial inaccuracies not only mislead stakeholders but also expose organizations to regulatory sanctions and legal risks.
Internal controls serve as the backbone of financial reporting accuracy. Their strength determines the extent to which an organization can prevent, detect, and respond to anomalies. However, as fraud schemes grow more advanced, so must the strategies to counter them. Techniques such as whistleblowing frameworks, transaction audit trails, and segregation of duties have become essential tools in uncovering deception and safeguarding assets. Proper fraud risk assessments, when integrated into audit planning and daily operations, provide a proactive approach to fraud mitigation.
The growing threat of money laundering, especially through complex financial channels and digital assets, calls for stringent compliance measures and vigilance in financial documentation. Understanding how illicit funds move through corporate structures and identifying red flags in reporting is essential in countering financial crime. The same vigilance applies to ethical considerations, where governance structures and tone at the top heavily influence the effectiveness of fraud controls.
The intersection of fraud, forensic investigation, and internal controls opens up opportunities for strengthening financial reporting processes and organizational accountability. From the use of digital forensics and data analytics to practical whistleblower mechanisms, professionals involved in finance, auditing, compliance, and risk management must be equipped with the right tools, frameworks, and real-world insights to address vulnerabilities.
This course presents a timely platform to engage with contemporary fraud risks, internal control strategies, and financial reporting challenges. It aims to shed light on how financial statements can be manipulated, how such manipulation can be prevented or exposed, and the organizational structures needed to support integrity in reporting.
Key Topics to be covered:
1. Fraud and Financial Statement Manipulation
• Examining how fraudulent activities distort financial information and impact decision-making.
2. Developing an effective Internal Controls Framework
3. Design and Effectiveness of Internal Control Systems
• Evaluating the structure, principles, and implementation of internal controls in preventing financial irregularities.
4. Whistleblowing and Ethical Governance Mechanisms
• Exploring the role of whistleblowers and ethical culture in detecting and deterring fraud.
5. Audit Trails and Documentation Integrity
• Assessing the importance of audit trails in identifying discrepancies and ensuring financial transparency.
6. Fraud Risk Assessment in Audit Planning
• Applying risk-based approaches to detect and respond to fraud threats within the audit process.
7. Digital Fraud and Data Analytics in Detection
• Leveraging technology and data analysis tools to uncover hidden patterns of financial deception.
8. Money Laundering and Compliance Monitoring
• Understanding schemes used to conceal illicit funds and measures to strengthen anti-money laundering controls.
9. Case Reviews of Internal Control Failures and Lessons Learned
• Analyzing real-life scenarios of internal control breakdowns and the implications for financial reporting.
Target Audience:
Private and Public Sector Accountants, Chief Finance Officers, Finance Directors and Managers, Corporate reporting Experts, Transaction Advisors, Pension Scheme Administrators, Fund Managers, Engagement Partners and Key Audit staff, Banking, Extractive and SMEs sector accountants, Auditors, Practitioners, Heads of Internal Audit and Assurance functions, Professionals working in County Governments, Anyone interested in gaining a practical overview of Sustainability Reporting, Audit Committee Members
Continuous Professional Development Units (CPD UNITS):
Members of ICPAK and those from reciprocating professional bodies will be awarded 14 Structured CPD Units upon successfully completion of the seminar.
Financial Commitment:
The workshop charges are Kes. 10,000. Charges will cater for the seminar fees, learning materials, and e-certificates of attendance.
Online Booking:
Registration: Delegates are reminded to note that online booking for the seminar is mandatory on https://www.icpak.com/event-registration/Online Booking We call on workshop participants to note that booking is available only online at www.icpak.com and will close one day before the training session. Delegates are reminded to note that online booking for the training 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 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 Ann Chomba at ann.chomba@icpak.com with a copy to memberservices@icpak.com.
We encourage members to regularly visit our website https://www.icpak.com for updates

PUBLIC SECTOR FINANCIAL REPORTING SEMINAR 2025
2025-08-04 09:00 - 2025-08-08 15:30 | Pride Inn Paradise Beach Hotel, Shanzu, Mombasa
THE INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(ESTABLISHED UNDER THE ACCOUNTANTS ACT, LAWS OF KENYA)
PUBLIC SECTOR FINANCIAL REPORTING SEMINAR 2025
THEME: Building a Resilient and Transparent Public Finance Ecosystem
DATE: 4TH – 8TH AUGUST 2025
VENUE: PRIDE INN PARADISE BEACH HOTEL, MOMBASA
TIME: 09.00AM-03.30PM
Overview
Kenya’s public sector financial landscape is at a pivotal juncture. Rapidly evolving reporting requirements, the adoption of accrual-based IPSAS, mounting public debt, and emerging climate-related obligations demand a holistic approach that marries technical expertise with strong governance, ethics, and stakeholder engagement. This seminar will equip practitioners—from national and county treasury officers to internal and external auditors—with not only the deep technical know-how to apply key IPSAS standards, but also the governance frameworks, ethical principles, and communication skills required to drive transparency, accountability, and sustainable policy outcomes.
This seminar aims to cultivate a cadre of professionals equipped not only to navigate complex reporting frameworks but also to inspire trust, drive strategic policy, and safeguard future generations. Through immersive learning, participants will deepen their understanding of contemporary reporting principles, enhance their governance and ethical decision-making skills, and sharpen their ability to translate data into compelling narratives that resonate with diverse stakeholders—from legislators and donors to citizens and youth.
By fostering an environment of interactive dialogue and cross-discipline collaboration, the seminar will bridge the divide between rigorous standards and the human dimensions of public finance. Attendees will engage in practical exercises that challenge them to apply best practices, sustainability considerations, and intergenerational equity, all while refining their communication and leadership capabilities.
Ultimately, this seminar is more than a technical workshop—it is a platform for collective innovation and stewardship. By the close of the event, participants will depart not only with enhanced proficiency and ready-to-use templates but also with a shared sense of purpose: to champion a public-finance ecosystem that balances today’s imperatives with tomorrow’s promise.
LEARNING OBJECTIVES:
This program is divided into the following five modules covering various aspects:

DAY
MODULE
TOPICS

DAY 1
A. Public Lecture
If You Keep Doing … A new macroeconomic strategy for Kenya, now – Redefining Kenya’s path toward macroeconomic stability, sustainable growth, and debt resolution.

B. IPSAS 41: Financial Instruments

· Classification and measurement of financial assets and liabilities
· Expected credit loss model and impairment
· Hedge accounting and treasury operations
· Disclosures and fair value measurement (link with IPSAS 30)

C. IPSAS 42: Social Benefits
· Scope and definitions: social risks vs market risks
· Recognition criteria and measurement of social benefits
· Application in national safety net programs (e.g., Inua Jamii)
· Comparison with social policy obligations under IPSAS 19
· Communicating policy-driven assumptions to legislators
· Ethics of means-testing, privacy and demographic risk reporting

DAY 2
D. IPSAS 19: Provisions, Contingent Liabilities, and Contingent Assets
· Criteria for recognizing provisions and assessing probable outflows
· Environmental liabilities, legal claims, and contingent grants
· Post-implementation review updates
· Interaction with IPSAS 42 and long-term obligations

E. IPSAS 24: Budget Reporting and Fiscal Transparency
· Presentation of budget information in financial statements
· Reconciliation between budget and actuals
· Link to fiscal responsibility laws and PFM Act
· Integration with program-based budgeting

F. IPSAS 43: Leases and Right-of-Use Assets
· Overview of new lease accounting model
· Differentiating finance and operating leases under IPSAS 43
· Measurement of right-of-use assets and lease liabilities
· Transitional provisions and comparison with IFRS 16

DAY 3
G. Sustainability and Climate-Related Financial Reporting in the Public Sector
· IPSASB’s Natural Resources project and Climate Change reporting guidance
· Intersections with ISSB’s IFRS S1 & S2 standards
· Climate-related disclosures for public entities and parastatals
· Practical examples of reporting on environmental obligations

H. Asset Management Governance (IPSAS 17, 31 & 32)
· Establishing stewardship policies for PPE, intangibles, heritage
· Cross-functional asset registry teams & accountability matrices
· Valuation committees, revaluation cycles & transparent approvals
· The National Assets and Liabilities Management (NALM) policy

I. IPSAS 39: Employee Benefits

Overview and Objective of IPSAS 39
Classification of Employee Benefits
Recognition and Measurement of Short-Term Benefits
Post-Employment Benefit Plans
Presentation and Disclosures
Termination Benefits and Long-Term Liabilities

DAY 4
J. Performance Measurement & Public Value Reporting
· Linking IPSAS results to Sustainable Development Goals (SDGs)
· Designing KPIs, scorecards and “citizen-centric” outcomes
· Storytelling techniques for non-financial performance reports

K. GHG Accounting
· Cross-industry climate metrics
· GHG disclosure
· GHG key concepts
· GHG measurements
· Disaggregation of GHG emissions.

L. IPSAS 33: First-Time Adoption of Accrual Basis IPSASs
· Objective of IPSAS 33
· Scope and Applicability
· Required Statements for First-Time Adoption
· General Requirements
· Transitional Relief Options
· Presentation and Disclosure Requirements
· Challenges and Practical Considerations
· Implementation Roadmap

DAY 5
M. Panel Discussion: Blessed are the young for they shall inherit the national debt
· Framing the Burden
· Intergenerational Equity & Ethical Imperative
· Governance Structures for Sustainable Debt
· Fiscal Strategy & Long-Term Economic Impact
· Communication & Transparency
· Policy Options & Innovations
· Call to Action: Engaging the Next Generation
· Debt Sustainability & Fiscal Space for Future Generations

N. Public speaking
· The Power of Public speaking- The Do’s & Don’ts

Continuous Professional Development Units (CPD Units):
Members of ICPAK and reciprocating professional bodies will be awarded 20 CPD Units upon successfully attending each of the Conference sessions.
Target Audience:
Accountants and Finance Officers in the County Governments, Public sector accountants, Chief Finance Officers in SAGAs, Finance Directors and Managers in entities dealing with the government, Tax Experts, Engagement Partners and Key Audit staff, SME sector accountants, Auditors, Accounting Practitioners, Tax Practitioners, Professionals working in County Governments, Academia, employees of the NPO Sector.
Cost:

Category
Charges (Kes)

1
Associate Member
54,000 per delegate

2
ICPAK/ACCA Member
59,000 per delegate

3
Nonmember
64,000 per delegate

Charges for the training will cover workshop fees, materials, meals, 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 +254 719 074 000, or via email to marketing@icpak.com

Accounting for Carbon Credits Webinar
2025-08-05 16:00 - 18:00 | Virtual Delivery
INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(Established under the Accountants Act, Laws of Kenya)
Accounting for Carbon Credits Webinar
Date: 5th August 2025
Time: 04.00pm-06.00pm
Delivery Mode: Virtual
Overview
Target Audience:
This webinar will be useful to all professional Accountants and those aspiring to join the profession, Internal and External Auditors, Consultants and Advisors
Continuous Professional Development Units (CPDs):
Members of ICPAK and those from reciprocating professional bodies will be awarded 2 Structured CPD Units upon successful completion of the workshop.
Financial Commitment:
The workshop charges are Kshs. 1,000. Charges will cater for the webinar fees, learning materials, and e-certificates of attendance.
Online Booking:
Registration: Delegates are reminded to note that online booking for the webinar is mandatory on https://www.icpak.com/event-registration/Online Booking We call on workshop participants to note that booking is available only online at www.icpak.com and will close one day before the training session. Delegates are reminded to note that online booking for the training 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 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 update.

Excel Modelling Practical Course
2025-08-06 09:00 - 2025-08-07 15:30 | Safari Park Hotel & Casino, Thika Road, Safari Park Hotel & Casino, Thika Road, Nairobi, Kenya
THE INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(Established under the Accountants Act, Laws of Kenya)
EXCEL MODELLING PRACTICAL COURSE
6th – 7th August 2025
TIME: 9: 00 AM – 3: 30 PM
VENUE: Safari Park Hotel, Nairobi
THEME: Embracing Data Analytics for Effective & Efficient Decision Making
Overview
In today’s data-driven financial landscape, the role of accountants and other professionals is evolving rapidly. This ranges from using Excel for Data Analytics in Accounting to exploit a range of vital skills – from maximizing the power of advanced formulas and data cleaning with Power Query, to tapping into the analytical capabilities of Pivot Tables and creating effective visualizations to convey a clear financial report have gained significant traction.
Learning abilities to carry out advanced financial statement analysis, build dynamic budget and forecast models, and efficiently manage and audit intricate sets of data is becoming the new norm for professionals. Delving deeper into Excel tools and applying this tool for extended analytical abilities in everyday work is an advantageous additional skill in a range of work environments. Being positioned to leverage the most out of the entire capability of Excel and take your role as a progressive accounting professional in this increasingly data-driven world serves to grow as an invaluable asset to your skillset.
In recognition of this, ICPAK has organized an excel practical course designed to empower professionals with advanced excel skills delving into ways you can harness excels robust features to effectively manage financial data, perform sophisticated analyses, uncover hidden patterns, and create compelling reports that drive smart decision-making.
The training is designed to incorporate topics that help leverage excel not just for data entry, but as a powerful tool for insightful financial analysis, reporting, and decision-making by incorporating topics aimed at Enhanced Efficiency and Productivity; Improve Analytical and Problem-Solving Skills; Increase accuracy and Reliability by focusing on:

Data Manipulation and Preparation
Data Visualization and Reporting
Best Practices
Financial Data Analysis and Reporting
Automation and Efficiency
Power Pivot and Data Modeling

Target Audience
Accountants, Data Analysts, Business Analysts, Data Scientists, or related roles Marketing Professionals, Project Managers, Human Resources Professionals, academia, among others.
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.
Target Audience:
This course will be useful to all professional Accountants and those aspiring to join the profession
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.
