ICPAK

International Taxes and Transfer Pricing Workshop (Mandatory Training)
2025-05-28 09:00 - 2025-12-31 15:30 (Europe/Moscow) | 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.

INSURANCE SECTOR SUSTAINABILITY TRAINING
2025-08-06 09:00 - 2025-08-08 16:00 | Safari Park Hotel & Casino, Thika Road, Safari Park Hotel & Casino, Thika Road, Nairobi, Kenya
INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(Established under the Accountants Act, Laws of Kenya)
INSURANCE SECTOR SUSTAINABILITY TRAINING
Date: 6th – 8th August 2025
Time: 9:00 am to 4:00 pm
Venue: Safari Park, Nairobi
Workshop Sub-Themes & Organization
The following key topics shall be discussed during the workshop:
Day One: Wednesday, 6th August 2025 – Introduction to the IFRS Sustainability Disclosure Standards
Day Two: Thursday, 7th August 2025 – Introduction & computation of GHG Emissions (practicum) & expert panel
Day Three: Friday, 8th August 2025 – ESG Integration & Sustainability Strategy

Sustainability Reporting and PFM (South Rift Branch)
2025-08-07 09:00 - 2025-08-08 15:30 | The Willis Hotel, Bomet, 59963, Bomet, Kenya
THE INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(Established under the Accountant Act, Laws of Kenya)

Sustainability Reporting and PFM (South Rift Branch)
Theme: Integrating Sustainability Reporting and Public Financial Management for a Sustainable Future
Date: 7th – 8th August 2025
Venue: The Willis Hotel, Bomet
Time: 09.00am-03.30pm

Overview
Sustainability Reporting and Public Financial Management (PFM) intersect to enhance transparency, accountability, and progress toward sustainable development goals (SDGs). Established frameworks such as the Global Reporting Initiative (GRI), the International Sustainability Standards Board (ISSB), the Task Force on Climate-related Financial Disclosures (TCFD), and Integrated Reporting provide structured guidelines for organizations to disclose their Environmental, Social, and Governance (ESG) performance. These frameworks enable stakeholders to evaluate an organization’s sustainability efforts while ensuring that both financial and non-financial factors are considered in decision-making. By incorporating ESG indicators, sustainability reporting boosts investor confidence, strengthens stakeholder engagement, and aligns business strategies with global sustainability objectives, including climate action and social responsibility.
While sustainability reporting focuses on assessing and disclosing ESG performance, PFM ensures that public resources are utilized efficiently and fairly. Together, these approaches help governments and organizations tackle global issues such as climate change, economic disparities, and social development by embedding sustainability principles into financial systems. PFM plays a crucial role in advancing sustainability reporting by effectively mobilizing and managing public funds for climate adaptation and mitigation efforts. Climate finance allows governments to allocate resources toward sustainability-focused initiatives, while key principles such as accountability, transparency, and fiscal discipline ensure the integration of sustainability into budgeting, expenditure, and reporting processes. Supreme audit institutions further contribute by assessing the effectiveness of public spending on environmental and social programs. Additionally, digital transformation in PFM enhances sustainability tracking by leveraging data analytics, automation, and real-time reporting, enabling more informed decision-making and efficient resource allocation.
Incorporating sustainability into PFM involves adopting innovative strategies such as green budgeting, which directs funding toward climate-friendly initiatives. Climate finance plays a critical role in securing resources to address climate change, while performance-based budgeting ensures public expenditures yield measurable results. Participatory budgeting fosters inclusivity by allowing citizens to contribute to resource allocation decisions, and strong public sector governance establishes the necessary structures for implementing these sustainability-driven financial practices.
The integration of sustainability reporting and PFM unlocks opportunities for technological and strategic innovation. Digital tools improve data collection, enhance reporting accuracy, and optimize the efficiency of public financial systems. Embedding sustainability risks, such as those related to climate change, into financial management strengthens resilience and promotes long-term planning. Additionally, capacity-building initiatives and policy development are essential in institutionalizing sustainability across all levels of governance.
Ultimately, aligning sustainability reporting with PFM provides a transformative pathway to tackling global challenges. By synchronizing fiscal policies with sustainability objectives, governments and organizations can drive meaningful progress toward a more inclusive and sustainable future. The adoption of well-established frameworks, advanced technological solutions, and inclusive financial practices ensure responsible resource management, maximizing positive environmental and societal impacts. The workshop will highlight these key areas:
1. Introduction to IFRS S1: General Requirements for Disclosure of Sustainability-related Financial Information
• The Need for Sustainability Reporting
• Objective of IFRS S1
• Adoption Phases in Kenya
• Scoping and Gap Analysis
• Disclosure Requirements and Best Practices
2. IFRS S2: Climate-related Disclosures
• Risk Management
• Metrics and Targets
• Core Disclosure Requirements
• Governance and Strategy Integration
• Climate Risk Identification and Management
3. IFRS S2: GHG Emissions
• Introduction to GHG Emissions under IFRS S2
• GHG Emission Key Concepts and Terminology
• Climate-Related Financial Risks Linked to GHG Emissions
• GHG Measurement and Disclosure Requirements
• Metrics and Targets for Climate Performance
• Green Budgeting and Alignment with Climate Goals
4. Principles of Public Financial Management – Overview of accountability, transparency, and fiscal discipline.
5. The Budget making process in Kenya- County and National Budget
6. Performance-Based Budgeting and Results-Oriented PFM
7. Integrating performance indicators to track efficiency in public spending
8. Challenges of moving from a line-item budgeting approach to performance-based budgeting
9. Strengthening Governance through PFM Reforms
10. Efficient Resource Allocation through PFM
11. Implementation of the single treasury account – Implications to the Public Sector
Target Audience:
This webinar will be useful to all professional Accountants and those aspiring to join the profession, Sustainability & ESG Professionals, Regulatory Bodies & Standard Setters, Development Organizations & Donor Agencies.
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 Patrick Kipkurui at patrick.kipkurui@icpak.com with a copy to memberservices@icpak.com
We encourage members to regularly visit our website https://www.icpak.com for updates.

Audit Quality Assurance Workshop 2025 (Mandatory Training)
2025-08-12 09:00 - 2025-12-31 15:30 | Virtual Delivery
INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(Established under the Accountants Act, Laws of Kenya)
Audit Quality Assurance Workshop (Mandatory Training) – Recording
Date: 12th – 13th August 2025
Time: 9.00am-3.30pm
Delivery Mode: Virtual
(This is one of the mandatory trainings for Practicing Certificate consideration)
Overview
Certain audit engagements consistently meet stakeholder expectations, while others fall short, leading to financial misstatements and loss of public trust. The disparity often stems from how well audit procedures’ quality assurance systems work. Poor audit results are caused by inadequate quality controls, noncompliance with defined standards, and inadequate auditor training.
Audit quality assurance encompasses the systematic processes and procedures that ensure audit services meet established standards and provide reliable, objective, and valuable insights. It involves a comprehensive understanding of applicable frameworks, such as the International Standards on Auditing (ISAs), and adherence to ethical guidelines that safeguard auditor independence and objectivity.
Implementing effective internal quality control systems is paramount. These systems should be designed to monitor compliance with professional standards, evaluate the effectiveness of audit methodologies, and facilitate continuous improvement through feedback and corrective actions. Additionally, external quality assessments serve as an essential tool for benchmarking practices against industry standards and pinpointing areas in need of improvement.
Incorporating technology into audit processes can significantly enhance quality assurance. Tools such as data analytics, automated workflows, and electronic documentation systems streamline audit procedures, reduce the risk of errors, and provide real-time insights into audit quality metrics. Moreover, fostering a culture of continuous learning and ethical vigilance ensures that auditors remain abreast of evolving standards and maintain the integrity of the audit process.
Considering this, ICPAK has organized the 2 – day virtual symposium to address the following areas:
1. Enhancing Firm Quality Management through ISQM 1 – Overview of Key Components
 Risk Assessment Process
 Governance & Leadership
 Relevant Ethical Requirements
 Acceptance & Continuance of Client Relationships & Specific Engagements
 Resources
 Engagement Performance
 Information and Communication
 Monitoring and Remediation Process
2. Ethical Considerations and Auditor Independence.
 Understanding ethical principles in auditing.
 Maintaining auditor independence and objectivity.
 Addressing ethical dilemmas in audit engagements.
3. Risk-Based Approach to Audit Planning and Execution.
 Identifying and assessing audit risks.
 Developing responsive audit strategies.
 Implementing risk-based audit procedures.
4. Leveraging Technology in Audit Quality Assurance.
 Utilizing audit software and tools.
 Incorporating data analytics into audit processes.
 Enhancing audit efficiency through technological advancements.
5. 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.
6. Anti-Money Laundering and the Expanding Role of Auditors
 AML frameworks and audit procedures for detecting red flags.
 ML Risk Manifestation for Accountants
 Evaluating compliance with reporting obligations under AML laws.
 Recognizing suspicious activity indicators within financial statements.
 Auditor’s responsibilities in relation to reporting suspicious transactions.
7. Continuous Improvement and Feedback Mechanisms.
 Establishing feedback loops within audit teams.
 Implementing lessons learned from past audits.
 Promoting a culture of continuous improvement.
8. Case Studies: Lessons from Audit Failures and Successes.
 Analyzing notable audit failures and their causes.
 Identifying best practices from successful audits.
 Applying lessons learned to future audit engagements.
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.

Implementing Resilient Cybersecurity Controls Webinar
2025-08-12 16:00 - 18:00 | Virtual Delivery
INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(Established under the Accountants Act, Laws of Kenya)
Implementing Resilient Cybersecurity Controls Webinar
Theme: Securing Trust and Data Integrity: Implement Resilient cybersecurity controls
Date: 12th August 2025
Time: 04.00 pm-06.00 pm
Delivery Mode: Virtual
Overview
In 2023, the ransomware attack on MOVEit Transfer, a widely used file transfer system, resulted in the exposure of sensitive data across more than 2,000 organizations globally, including banks, pension funds, universities, and even government agencies. This breach highlighted a stark reality: organizations can no longer afford to view cybersecurity as just an IT concern—it is now a critical pillar of corporate governance, financial integrity, and public trust.
Cyber threats are becoming increasingly sophisticated, targeted, and disruptive. In Kenya, the Kenya National CERT Coordination Centre (KE-CIRT/CC) reported an alarming rise in incidents involving phishing, social engineering, and ransomware against financial institutions, government systems, and small enterprises. These attacks exploit not just technical vulnerabilities but also human errors and weak internal controls.
Organizations are therefore under increasing pressure to adopt resilient cybersecurity frameworks that go beyond compliance and build operational endurance. A resilient cybersecurity program must integrate proactive risk identification, incident response readiness, adaptive learning, and continuous systems monitoring, forming part of a broader enterprise risk management approach. It must also recognize that cybersecurity is no longer just about preventing breaches, but about surviving, adapting, and recovering from them while protecting critical data and maintaining business continuity.
As technologies such as cloud computing, blockchain, artificial intelligence (AI), and IoT transform how organizations process and store data, they simultaneously introduce new threat surfaces. Finance and audit professionals must be equipped with knowledge and tools to not only identify these risks but also evaluate and implement internal controls that stand up to modern cyber threats.
To help institutions keep pace with this evolving risk landscape, this webinar will unpack the most pressing cybersecurity risks and offer hands-on frameworks and methodologies for implementing resilient security controls. Through practical demonstrations and real-world case studies, participants will be taken through a journey from cybersecurity risk awareness to strategic response and recovery.
Reportage areas:

Problem Mapping & Cyber Threat Landscape:
Designing a Resilient Cybersecurity Program:
Cybersecurity Controls for Accountants and Auditors:
Incident Readiness and Crisis Response:
Strengthening the Human Firewall:
Secure Technology Adoption:

Target Audience:
This webinar will be useful to all professional Accountants and those aspiring to join the profession.
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.

THE YOUNG LEADERS CONFERENCE 2025 (physical option)
2025-08-13 09:00 - 2025-08-15 15:30 | Safari Park Hotel & Casino, Thika Road, Safari Park Hotel & Casino, Thika Road, Nairobi, Kenya
INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(Established under the Accountants Act, Laws of Kenya)
THE YOUNG LEADERS CONFERENCE 2025
DATE: 13th – 15th August 2025
VENUE: Safari Park Hotel & Casino, Thika Road Nairobi
TIME: 09.00AM-03.30PM
THEME: Nurturing Professional Excellence through Effective Leadership
OVERVIEW
The accountancy profession, like the wider professional landscape, is experiencing rapid and dynamic change, accountants and other professionals must proactively adapt to meet the dynamic needs of their organizations. The accountancy profession will require both seasoned and emerging practitioners to break traditional roles and deliver services that exceed conventional expectations in order to remain relevant.
With the reshaping of the profession, accountants will be required to innovate around existing technology and increase their relevance or run the risk of insignificance, this involves adapting to the shifting demands of organizations; proactively adapting to dynamic reporting needs and challenge stereotypical roles of the profession. The rapid development of technology and the dynamic business atmosphere requires for accountants in the profession to be significantly innovative and up skill as new technologies are currently performing much of the heavy lifting roles for accountants making some roles obsolete.
Skills development is essential for driving technological innovation, utilize new technologies, driving productivity and Offering solutions to global challenges like climate change. This encompasses the creation and implementation of new processes and business models. technological innovation and skills development are mutually reinforcing, investing in both is crucial for building capacity, remaining competitive and promoting entrepreneurship.
The conference is set to be a transformative event for aspiring and early-career professionals. This year’s conference themed Nurturing Professional Excellence through Effective Leadership empowers young leaders by providing a dynamic platform to navigate the changing professional landscape and acquire the essential knowledge and skills for future success. The conference will address the following areas pertinent to emerging leaders

The Changing Nature and Future of Work – Insights from 2025 World Economic Forum Report
Professional Ethics for Accountants & Other Professionals
The Power of Public Speaking for Young Leaders
Emerging Technologies and their Implications to Professionals

Digital literacy
The digital leadership emerging construct
Enhancing leadership with AI
Navigating technology Dynamics for an Illustrious Career

Driving Decisions and Business Intelligence for Future Leaders
Navigating Career Plateaus and Preparing for the Next Big Assignment
Green Leadership – the Role of Young Leaders in Advancing the Agenda
Book Review: Dare to Lead – Brave Work. Tough Conversations. Whole Hearts by Brene’ Brown

TARGET AUDIENCE
This course is designed for delegates drawn from both the public and private sectors, and particularly young professionals charting different leadership journeys. This conference is open to other emerging leaders from 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.
CONFERENCE CHARGES

Category
Charges Kes

Physical Option
Virtual Option

1
Associate Member
34,000 per delegate
10,000 per delegate

2
ICPAK/ACCA Member
39,000 per delegate
10,000 per delegate

3
Nonmember
44,000 per delegate
10,000 per delegate

Charges will cater stationery, daytime meals, learning and giveaway materials, and e-certificates of attendance.
ONLINE BOOKING
Registration: Delegates are reminded to note that online booking for the workshop is mandatory on https://www.icpak.com/event-registration/Online Booking
We call on interested participants to note that booking for the event is available online at www.icpak.com and will close two hours before the training session.
NATIONAL INDUSTRIAL TRAINING AUTHORITY (NITA) REIMBURSEMENT
The Institute is registered as a trainer with National Industrial Training Authority. The Institute’s registration number is DIT/TRN/47. Participants who are registered levy contributors should apply to NITA for reimbursement of their fees. Please note that this is applicable for Kenyan citizens only and subject to NITA regulations. Remember that to qualify you should apply to NITA for approval prior to the date of the conference. Further details can be obtained from their website (www.nita.go.ke)
Further requests can be channeled to us via telephone calls on +254 719 074 000, or via email to marketing@icpak.com

THE YOUNG LEADERS CONFERENCE 2025 (virtual option)
2025-08-13 09:00 - 2025-08-15 15:30 | Virtual Delivery
INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(Established under the Accountants Act, Laws of Kenya)
THE YOUNG LEADERS CONFERENCE 2025
DATE: 13th – 15th August 2025
VENUE: Zoom
TIME: 09.00AM-03.30PM
THEME: Nurturing Professional Excellence through Effective Leadership
OVERVIEW
The accountancy profession, like the wider professional landscape, is experiencing rapid and dynamic change, accountants and other professionals must proactively adapt to meet the dynamic needs of their organizations. The accountancy profession will require both seasoned and emerging practitioners to break traditional roles and deliver services that exceed conventional expectations in order to remain relevant.
With the reshaping of the profession, accountants will be required to innovate around existing technology and increase their relevance or run the risk of insignificance, this involves adapting to the shifting demands of organizations; proactively adapting to dynamic reporting needs and challenge stereotypical roles of the profession. The rapid development of technology and the dynamic business atmosphere requires for accountants in the profession to be significantly innovative and up skill as new technologies are currently performing much of the heavy lifting roles for accountants making some roles obsolete.
Skills development is essential for driving technological innovation, utilize new technologies, driving productivity and Offering solutions to global challenges like climate change. This encompasses the creation and implementation of new processes and business models. technological innovation and skills development are mutually reinforcing, investing in both is crucial for building capacity, remaining competitive and promoting entrepreneurship.
The conference is set to be a transformative event for aspiring and early-career professionals. This year’s conference themed Nurturing Professional Excellence through Effective Leadership empowers young leaders by providing a dynamic platform to navigate the changing professional landscape and acquire the essential knowledge and skills for future success. The conference will address the following areas pertinent to emerging leaders

The Changing Nature and Future of Work – Insights from 2025 World Economic Forum Report
Professional Ethics for Accountants & Other Professionals
The Power of Public Speaking for Young Leaders
Emerging Technologies and their Implications to Professionals

Digital literacy
The digital leadership emerging construct
Enhancing leadership with AI
Navigating technology Dynamics for an Illustrious Career

Driving Decisions and Business Intelligence for Future Leaders
Navigating Career Plateaus and Preparing for the Next Big Assignment
Green Leadership – the Role of Young Leaders in Advancing the Agenda
Book Review: Dare to Lead – Brave Work. Tough Conversations. Whole Hearts by Brene’ Brown

TARGET AUDIENCE
This course is designed for delegates drawn from both the public and private sectors, and particularly young professionals charting different leadership journeys. This conference is open to other emerging leaders from 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.
CONFERENCE CHARGES

Category
Charges Kes

Physical Option
Virtual Option

1
Associate Member
34,000 per delegate
10,000 per delegate

2
ICPAK/ACCA Member
39,000 per delegate
10,000 per delegate

3
Nonmember
44,000 per delegate
10,000 per delegate

Charges will cater stationery, daytime meals, learning and giveaway materials, and e-certificates of attendance.
ONLINE BOOKING
Registration: Delegates are reminded to note that online booking for the workshop is mandatory on https://www.icpak.com/event-registration/Online Booking
We call on interested participants to note that booking for the event is available online at www.icpak.com and will close two hours before the training session.
NATIONAL INDUSTRIAL TRAINING AUTHORITY (NITA) REIMBURSEMENT
The Institute is registered as a trainer with National Industrial Training Authority. The Institute’s registration number is DIT/TRN/47. Participants who are registered levy contributors should apply to NITA for reimbursement of their fees. Please note that this is applicable for Kenyan citizens only and subject to NITA regulations. Remember that to qualify you should apply to NITA for approval prior to the date of the conference. Further details can be obtained from their website (www.nita.go.ke)
Further requests can be channeled to us via telephone calls on +254 719 074 000, or via email to marketing@icpak.com

Taxation Workshop (Mt Kenya Branch)
2025-08-14 09:00 - 2025-08-15 15:30 | Abai Lodges & Spa, Kagio, 59963, Kagio, 00200, Kenya
THE INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(Established under the Accountant Act, Laws of Kenya)
Taxation Workshop – Mt Kenya Branch
Theme: Navigating the tax Landscape: Understanding Changes in Tax Law and their Impact
Date: 14th -15th August 2025
Time: 09.00am -3.30pm
Venue: Abai lodges & Spa-Kagio off Kutus Road – Kirinyaga
Overview
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 optimum tax system
 VAT Principles
 Current requirements on complying with value added tax (VAT)
 Direct and indirect Taxes
 Corporate taxes
 Withholding taxes
 PAYE computations
 Tax reliefs
 Amounts deductible in determining taxable employment income
 Key provisions on the rejected 2024 finance bill
 Appropriation bill verses efficient and optimal tax system
 The debate on UHC, SHIF deductions “Adverse selection”
 The guiding principle for effective and functional tax collection system
 The compliance risk management process
 The ripple effect of compliance interventions
 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 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 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 +254 743 207691, +254 719 074 100, or via email to Lisbeth Gakii at lisbeth.gakii@icpak.com with a copy to memberservices@icpak.com.
We encourage members to regularly visit our website https://www.icpak.com for updates.

Sustainability Assurance ISSA 5000 Webinar
2025-08-19 16:00 - 18:00 | Virtual Delivery
INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(Established under the Accountants Act, Laws of Kenya)
Sustainability Assurance ISSA 5000 Webinar
Date: 19th 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.
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

SACCO SECTOR CONFERENCE 2025
2025-08-20 09:00 - 2025-08-22 15:30 | Sarova Imperial Hotel, Kisumu, Kisumu, Kenya
THE INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(Established under the Accountants Act, Laws of Kenya)
SACCO SECTOR CONFERENCE 2025
Theme: Strengthening SACCO Governance and Leadership for Sustainable Growth
DATE: 20th – 22nd August 2025
VENUE: Sarova Imperial Hotel, Kisumu
OVERVIEW
The Savings and Credit Cooperatives (SACCO) sector plays a pivotal role in the financial inclusion ecosystem, providing essential financial services to individuals, especially those in rural areas. It empowers communities by promoting financial inclusion and providing access to credit, savings, and other financial services. In Kenya, SACCOs hold a prominent economic position, contributing about 35% of the gross domestic product (GDP). Over the years, SACCOs have become crucial in driving economic empowerment by offering affordable credit, savings, and insurance services.
SACCOs have historically faced challenges such as weak governance, under-capitalization, and non-compliance with reporting standards and sustainability. These issues have prompted tighter regulatory oversight by the SACCO Societies Regulatory Authority (SASRA) and the Central Bank of Kenya (CBK), aimed at safeguarding member deposits and ensuring the financial stability of SACCOs. This is notwithstanding the recent scandal and public outcry witnessed in KUSCCO.
The Financial Reporting (FiRe) Award 2024 provided valuable lessons for the SACCO sector. A few SACCOs demonstrated exemplary practices in financial reporting, governance, and sustainability. These SACCOs adhered to IFRS standards and integrated Environmental, Social, and Governance (ESG) principles into their operations, enhancing transparency and stakeholder confidence. The FiRe award highlighted critical issues affecting SACCOs’ compliance and operational efficiency. Among the most pressing challenges were governance weaknesses, inadequate capitalization, technological gaps, and fraud.
Weak governance structures, including ineffective board oversight and unqualified board members, led to poor decision-making and financial mismanagement. Additionally, the failure to separate ownership and management roles resulted in conflicts of interest and unethical practices. Inadequate capitalization is another major concern, with many SACCOs struggling to meet the minimum capital adequacy requirements set by SASRA and CBK. Over-reliance on member deposits without diversifying income streams further exacerbates financial instability.
Technological adoption remains a significant gap, with many SACCOs resisting the integration of digital systems for record-keeping and service delivery. This resistance has hampered operational efficiency and transparency, while also exposing SACCOs to cybersecurity risks. Fraud and corruption continue to plague the sector, driven by poor internal controls and the misappropriation of funds. Additionally, limited membership and inadequate training for SACCO staff have resulted in apathy and weak oversight from members.
This SACCO Sector Conference presents a significant opportunity for all stakeholders involved to reflect on the challenges facing the sector while exploring opportunities for innovation and growth. By fostering a collaborative environment, the conference aims to build the capacity of SACCO leaders and members to navigate the changing financial landscape and ensure the continued success and relevance of SACCOs.
The following topics will be covered in the conference:
1. SACCO Compliance Framework: Understanding the legal and regulatory framework governing SACCOs in Kenya.
2. About SASRA: Detailed understanding of SASRA’s role, mandate, and its impact on SACCOs. Key Reports from SASRA: Insights from SASSRA reports on SACCO performance, challenges, and compliance trends.
3. Feedback from the FiRe Award: Lessons learned from the Financial Reporting (FiRe) Award and their implications for SACCOs.
4. Insights from the Central Bank of Kenya: Analyzing the role of the CBK in SACCO regulation and support.
5. Financial Reporting Standards for SACCOs: Navigating IFRS and other relevant reporting standards-IFRS 9-Financial Instruments:
• Loans, receivables, and member deposits, how recognize, measure, and report their financial assets and liabilities.
• Investments (e.g., in government securities or other financial institutions)
• Impairment – Expected Credit Loss (ECL) Model Stage1, Stage 2, Stage 3
• SACCOs to develop models or frameworks for: Assessing credit risk; Determining significant increases in credit risk; Estimating ECL using historical data, current conditions, and forward-looking information
• Auditing of SACCOs
6. Governance in SACCOs: Enhancing governance practices to ensure sustainability and compliance.
7. Non-Compliance with Society Act, Cooperative Act Challenges: Addressing key reasons for non-compliance and strategies for improvement.
8. Risk Management in SACCOs: Identifying and mitigating risks in SACCO operations.
9. Anti Money Laundering: Requirements for Accounting Professionals in SACCO Sector.
10. Data Protection & Privacy – Implications to Professionals & Way within the SACCO sector.
TARGET AUDIENCE:
The conference is targeted at a wide range of professionals and organizations in the SACCO sector, including:
• SACCO managers, board members, and staff
• Financial regulators (e.g., Sacco Societies Regulatory Authority (SASRA))
• Policy makers in the financial services sector
• SACCO members and their representatives
• Development partners, NGOs, and donor organizations involved in financial inclusion
• Researchers and academia focusing on cooperative finance
• Technology and financial service providers offering digital solutions for SACCOs
CONTINUOUS PROFESSIONAL DEVELOPMENT UNITS (CPD UNITS):
Members of ICPAK and reciprocating professional bodies will be awarded 20 CPD Units upon successfully attending the conference.
CONFERENCE CHARGES:

Details
Amount

Associate Members
KShs 40,000 per Delegate

Full Members
KShs. 45,000 per Delegate

Non-Member
KShs. 50,000 per Delegate

Accommodation**
Delegates are advised to make own accommodation arrangements

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 the National Industrial Training Authority. The Institute’s registration number is DIT/TRN/47. Participants who are registered levy contributors should apply to NITA for reimbursement of their fees. Please note that this is applicable for Kenyan citizens only and subject to NITA regulations. Remember that to qualify you should apply to NITA for approval prior to the date of the conference. Further details can be obtained from their website (www.nita.go.ke.
Further requests can be channeled to us via telephone calls on +254 719 074 000, or via email to marketing@icpak.com

ACCOUNTANCY PROFESSIONAL PRACTICE FORUM (Mandatory Training) physical option
2025-08-20 09:00 - 2025-08-22 15:30 | Villa Rosa Kempinski Hotel, Westlands, Nairobi
THE INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(Established under the Accountants Act, Laws of Kenya)
ACCOUNTANCY PROFESSIONAL PRACTICE FORUM
Theme: Embracing accountancy standards and quality requirements for excellence
Date: 20th -22nd August 2025
Venue: Villa Rosa Kempinski Hotel, Nairobi
This is one of the mandatory training courses for practicing certificate consideration for Category C License
Overview
The accountancy profession continues to evolve as it responds to the changing business dynamics and other external developments like regulatory demands and the ever-changing technological and digital space. There have also been developments in the standards setting environment which aim to strengthen the quality of practitioners’ engagements.
The quality standards- ISQM 1& 2 strengthen and modernize how a firm of any size or level of complexity approaches quality management. They address the evolving and increasingly complex audit ecosystem, including growing stakeholder expectations and a need for quality management systems that are proactive and adaptable. From an audit and assurance perspective, it is important to note that concerns on audit quality continue to be a key issue that is still drawing critical attention from the public and other stakeholders who rely on audited financial statements to make key business decisions and judgements.
While it is crucial to address these quality considerations, there needs to be an element of efficiency and cost optimization in the delivery of all audit and advisory engagements. This is a critical consideration which the practitioners must give to their work as they endeavor to deliver the best service to their clients.
It is against this background that the Institute has organized a three-day seminar to discuss these critical developments which affect the practitioners in the different categories of practice, and the accountancy profession at large and seeks to address the rising concerns of work quality while ensuring that efficiency in undertaking engagements is maintained. To guide the discussion during this seminar, the following topics of discussion will form the focus of this event.
Topics

Implementation of ISA for LCEs Globally; Challenges & opportunities
Overview of the second and third edition of IFRS for SMEs
Implementation of firm and engagement level quality considerations – an in-depth assessment of the ISQM 1 and 2 requirements: Sharing of experiences on Firm risk assessment and Monitoring & remediation
Engagement partner and engagement team’s responsibilities for quality management for an audit of financial statements as per ISA 220
Code of Ethics for Professional Accountants- A focus on recent amendments by IESBA
Mandatory Rotation of Audit Firms
Overview of the taxation landscape and changing laws and the implications to audit firms partners
Overview of the developments within the standard setting environment- New standards- IFRS 18, 19, ISSA 5000
IFRS S1 &S2: General Requirements for Disclosure of Sustainability-related Financial Information and Climate-related Disclosures
Advancing Public Sector Sustainability Reporting: Sustainability reporting for the public sector and overview of IPSASB’s Exposure Draft 83 on Reporting Sustainability Program Information for the public sector
IPSAS 33 – First-time Adoption of Accrual Basis IPSASs: Key requirements for Kenya’s Public Sector transition to the Accrual Basis of Accounting
Key findings from the ICPAK Audit Quality Reviews – Major concerns and practical responses to the issues.
Technological advancements and leveraging the digital space to enhance delivery of the required efficiencies and quality in audit engagements.
Stress management and effective work life balance for accounting professionals
Integrity and ethical considerations for audit, assurance and advisory practitioners

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 seminar sessions.
Target Audience:
Audit Firm Partners and Staff, CEO, CFOs, Heads of Finance & Accounting Units, Heads of Audit, Chief Risk Officers, Board Members, Accountants employed in all ranks and sectors and other interested participants
Cost:
Charges for the training will be Ksh 40,000/= which will cover workshop fees, materials, and 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)

ACCOUNTANCY PROFESSIONAL PRACTICE FORUM (Mandatory Training) virtual option
2025-08-20 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)
ACCOUNTANCY PROFESSIONAL PRACTICE FORUM Mandatory Training – Virtual – Recording
Theme: Embracing accountancy standards and quality requirements for excellence
Date: 20th -22nd August 2025
Venue: Virtual Delivery
This is one of the mandatory training courses for practicing certificate consideration for Category C License
Overview
The accountancy profession continues to evolve as it responds to the changing business dynamics and other external developments like regulatory demands and the ever-changing technological and digital space. There have also been developments in the standards setting environment which aim to strengthen the quality of practitioners’ engagements.
The quality standards- ISQM 1& 2 strengthen and modernize how a firm of any size or level of complexity approaches quality management. They address the evolving and increasingly complex audit ecosystem, including growing stakeholder expectations and a need for quality management systems that are proactive and adaptable. From an audit and assurance perspective, it is important to note that concerns on audit quality continue to be a key issue that is still drawing critical attention from the public and other stakeholders who rely on audited financial statements to make key business decisions and judgements.
While it is crucial to address these quality considerations, there needs to be an element of efficiency and cost optimization in the delivery of all audit and advisory engagements. This is a critical consideration which the practitioners must give to their work as they endeavor to deliver the best service to their clients.
It is against this background that the Institute has organized a three-day seminar to discuss these critical developments which affect the practitioners in the different categories of practice, and the accountancy profession at large and seeks to address the rising concerns of work quality while ensuring that efficiency in undertaking engagements is maintained. To guide the discussion during this seminar, the following topics of discussion will form the focus of this event.
Topics

Implementation of ISA for LCEs Globally; Challenges & opportunities
Overview of the second and third edition of IFRS for SMEs
Implementation of firm and engagement level quality considerations – an in-depth assessment of the ISQM 1 and 2 requirements: Sharing of experiences on Firm risk assessment and Monitoring & remediation
Engagement partner and engagement team’s responsibilities for quality management for an audit of financial statements as per ISA 220
Code of Ethics for Professional Accountants- A focus on recent amendments by IESBA
Mandatory Rotation of Audit Firms
Overview of the taxation landscape and changing laws and the implications to audit firms partners
Overview of the developments within the standard setting environment- New standards- IFRS 18, 19, ISSA 5000
IFRS S1 &S2: General Requirements for Disclosure of Sustainability-related Financial Information and Climate-related Disclosures
Advancing Public Sector Sustainability Reporting: Sustainability reporting for the public sector and overview of IPSASB’s Exposure Draft 83 on Reporting Sustainability Program Information for the public sector
IPSAS 33 – First-time Adoption of Accrual Basis IPSASs: Key requirements for Kenya’s Public Sector transition to the Accrual Basis of Accounting
Key findings from the ICPAK Audit Quality Reviews – Major concerns and practical responses to the issues.
Technological advancements and leveraging the digital space to enhance delivery of the required efficiencies and quality in audit engagements.
Stress management and effective work life balance for accounting professionals
Integrity and ethical considerations for audit, assurance and advisory practitioners

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 seminar sessions.
Target Audience:
Audit Firm Partners and Staff, CEO, CFOs, Heads of Finance & Accounting Units, Heads of Audit, Chief Risk Officers, Board Members, Accountants employed in all ranks and sectors and other interested participants
Cost:
Charges for the training will be Ksh 15,000/= which will cover workshop fees, materials, and 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)

Implementation of BI Tools Practical Course
2025-08-21 09:00 - 2025-08-22 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)
Implementation of BI Tools Practical Course
Theme: Business Intelligence: Unlocking Data-Driven Growth and Innovation
21st – 22nd August 2025
Venue: Safari Park Hotel & Casino Thika Road, Nairobi
Time: 09.00am-03.30pm
Overview
Business Intelligence (BI) is a critical tool for businesses to achieve success. It allows businesses to tailor their offerings to customer needs, improve competitiveness, and enhance efficiency. For larger organizations, data collection is essential for predicting industry trends. The ability to process and analyze vast amounts of data empowers organizations to enhance decision-making, drive efficiency, and maximize profitability in an increasingly data-driven world.
In today’s rapidly evolving business environment, organizations must leverage data-driven decision-making to stay competitive. BI plays a crucial role in transforming raw data into meaningful insights, enabling businesses to optimize performance, enhance efficiency, and gain a strategic edge. With advancements in artificial intelligence, automation, and big data analytics, implementing BI solutions has become a key priority for organizations across industries.
Participants in this course will not only gain technical proficiency but will also develop a strategic mindset for leveraging data as a business asset. The training emphasizes the real-world application of BI tools to solve common organizational challenges, from identifying performance bottlenecks to uncovering growth opportunities. By mastering how to translate data into clear, actionable insights, participants will be empowered to drive innovation, influence strategic decisions, and contribute to a culture of continuous improvement. Whether shaping strategy in the boardroom or streamlining operations on the ground, the skills acquired in this course will position professionals as valuable, forward-thinking contributors in their organizations’ digital transformation journeys.
ICPAK has organized this course to offer a hands-on approach, combining theoretical insights with practical demonstrations of leading BI tools and aims to provide professionals with a comprehensive understanding of BI implementation, covering key concepts, tools, and methodologies. The objective is to equip professionals with the knowledge and technical skills needed to successfully design, develop, and implement BI solutions within their organizations. By the end of this course, participants will be able to utilize BI technologies to enhance data visualization, reporting, forecasting, and overall business performance.
The course is designed to cover the following topics:

Foundations of Business Intelligence (BI)

Role and value of BI in modern organizations
Overview of the BI lifecycle and data value chain
Core concepts: data warehousing, ETL, KPIs, dashboards

BI Strategy, Implementation, and Governance

Developing a BI strategy aligned with organizational goals
Planning and executing BI projects: stakeholders, success metrics, change management
Data governance: quality, integrity, compliance, and structuring data for BI use

BI Tools, Technologies, and Practical Skills

Hands-on training with Power BI, Tableau, and Excel Power Query
Dashboard creation and interactive reporting
Using DAX and M formulas for advanced calculations

Data Analysis, Modeling, and Visualization

Data modeling and transformation techniques
Effective visualization to support decision-making

Advanced Analytics: Predictive and AI-Driven BI

Introduction to predictive analytics, forecasting, trend analysis
Integrating AI and machine learning in BI platforms
Use cases across business functions

BI in Practice and Cultivating a Data-Driven Culture

Case studies and cross-functional BI applications
Overcoming implementation challenges
Promoting BI adoption and building internal capacity for sustained growth

Target Audience:
This course is designed for business leaders, finance professionals, IT specialists, data analysts, and decision-makers seeking to enhance their analytical capabilities.
Continuous Professional Development Units (CPD Units):
Members of ICPAK and reciprocating professional bodies will be awarded 10 CPD Units upon successfully attending each of the sessions.
Cost:
Charges for the training will be Kes 18,500/= which will cover course fees, materials, and e-certificates of attendance.
Online Booking:
We call on Seminar participants to note that booking for is available only online at www.icpak.com/events and will close two hours before the training session. Delegates are reminded to note that online booking for training sessions is mandatory. This is available either online at www.icpak.com/events or on the ICPAK Live – A smart phone-based application that is available from google store.
National Industrial Training Authority (NITA) Reimbursement:
The Institute is registered as a trainer with National Industrial Training Authority. The Institute’s registration number is DIT/TRN/47. Participants who are registered levy contributors should apply to NITA for reimbursement of their fees. Please note that this is applicable for Kenyan citizens only and subject to NITA regulations. Remember that to qualify you should apply to NITA for approval prior to the date of the conference. Further details can be obtained from their website (www.nita.go.ke)
Further requests can be channeled to us via telephone calls on +254 719 074 100, or via email at marketing@icpak.com.
We encourage members to regularly visit www.icpak.com for updates.

Forensic, Fraud and Internal Controls Workshop 2025 (Mandatory Training)
2025-08-21 09:00 - 2025-12-31 15:30 | Virtual Delivery
INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(Established under the Accountants Act, Laws of Kenya)
Forensic, Fraud and Internal Controls Workshop (Mandatory Training) – Recording
Date: 21st – 22nd August 2025
Time: 9.00am-3.30pm
Delivery Mode: Virtual
(This is one of the mandatory trainings for Practicing Certificate consideration)
Overview
Every organization irrespective of its size has an aspect of internal control. This is a system of controls financial or otherwise instituted by management to ensure the business of the organization is run in an orderly manner and safeguards its assets. Despite the enforcement of internal controls, the rate of fraud is still high as fraudsters have taken their game a notch higher. We have witnessed several corporate frauds or scandals over the last couple of years especially in the public sector. Since corporate fraud is frequently disguised as legitimate transaction hidden behind existing business practices, it may at times prove difficult to detect and prevent completely. Yet through effective procedures and process, routine inspections, and frequent upgrades, training of personnel, organizations and governments can effectively deter corporate fraud and counter its consequences.
These accounting scandals have created an increased demand for professionals with advanced forensic accounting skills to protect businesses from the proliferation of fraud and white-collar crimes. Forensic, fraud, and financial litigation support continue to remain among the hottest practice areas, with expected growth over the next several years. Forensic audits cover a wide range of investigative activities. It is often conducted to prosecute a party for fraud, embezzlement, or other financial crimes. Usually, a forensic audit is chosen instead of a regular audit if there is a chance that the evidence collected would be used in court. Once fraud has been detected the organization needs to institute internal control to safeguard the assets, ensure the reliability and integrity of financial information, ensure compliance, and promote efficient and effective operations. Fraud detection cannot be only based on technology or processes, instead, it needs a comprehensive strategy that requires human involvement, along those lines.
This symposium will empower you to recognize the root causes of fraud and white-collar crime in the current economy, understand the categories of fraud, equip you with methodologies of fraud detection and prevention, and heighten your ability to detect potential fraudulent situations.
To guide the discussion, the following topics will form the focus of the symposium:
Topics

The Modern-Day Fraud: Current Trends and Players
Conducting an Effective Fraud Risk Assessment for Organizations
A Review of Preventive and Detective Internal Controls
Leveraging Technology to Detect Fraud
Digital Forensic Investigations and Data Privacy: Overcoming the Challenge
Dealing with Contract and Procurement Fraud
Embedding a Proactive Fraud Detection and Management Process at the Workplace
Forensic Investigation Report Writing & Evidence Presentation
Litigation of Fraud Cases: Expectations from Law Enforcement Agencies

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.

Forensic, Fraud and Internal Controls Workshop 2026
2025-08-25 08:00 - 17:00

THE IPSAS MASTERCLASS 2025 MANDATORY TRAINING
2025-08-25 09:00 - 2025-08-29 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)
THE IPSAS MASTERCLASS 2025 MANDATORY TRAINING
THEME: Advancing Public Sector Accountability through Technical Excellence in IPSAS
DATE: 25TH – 29TH AUGUST 2025
VENUE: ENASHIPAI RESORT & SPA, NAIVASHA
TIME: 09.00AM-03.30PM
(This is one of the mandatory trainings for Practicing Certificate consideration)
OVERVIEW
The evolution of public sector financial management continues to be a key pillar of good governance, service delivery, and transparency in Kenya and across the continent. As countries increasingly align with international standards and adopt accrual-based accounting, the role of the International Public Sector Accounting Standards (IPSAS) has become central to the credibility and usefulness of financial information prepared by governments and public entities.
In Kenya, the shift towards IPSAS is a national imperative underpinned by the Public Finance Management Act, the Constitution of Kenya, and the country’s wider reform agenda. At the same time, global developments—including new IPSAS standards on financial instruments, social benefits, and leases—are transforming the way public institutions report, manage, and account for their financial performance and sustainability-related obligations.
Recognizing this, ICPAK is hosting a week-long IPSAS Masterclass designed to provide deep technical insight into the IPSAS framework, standards, and implementation challenges. The program will also respond to new and emerging reporting demands in the public sector, including climate-related financial reporting, asset revaluation, and donor accountability. This Masterclass will serve as a forum for learning, dialogue, and knowledge-sharing among public finance professionals, regulators, auditors, and policy makers.
The primary objective of the IPSAS Masterclass is to enhance participants’ understanding and technical capability in applying key IPSAS standards. It is structured to offer practical guidance and interpretive support through an intensive and focused program, covering key topics relevant to current reporting and audit realities in the Kenyan public sector.
LEARNING OBJECTIVES:
This program is divided into the following five modules covering various aspects:

DAY
MODULE
TOPICS

DAY 1
A. Accounting for Revenue under IPSAS 23 and IPSAS 9/41
· Exchange vs non-exchange transactions
· Recognition and measurement of taxes, grants, and transfers
· Donor funding and conditional grants under IPSAS 41
· IFRS 15 convergence and IPSAS 42 (Social Benefits) developments

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

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. IPSAS 16 17 & 31: Investment Property, Property, Plant, and Equipment & Intangible Assets
· Differentiating investment property, PPE, and intangible assets
· Initial Recognition and Measurement
· Subsequent Measurement Models
· Disclosure Requirements
· Transfers and Reclassifications
· Impairment and Derecognition
· Depreciation and Amortization

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. IPSAS 40: Public Sector Combinations
· Introduction and Objective of IPSAS 40
· Types of Public Sector Combinations
· Determining the Type of Combination
· Presentation and Disclosure Requirements
· Strategic and Policy Considerations
· Accounting for mergers & acquisitions

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. Projects in Progress / Exposure Drafts
· Natural Resources (Exposure Draft issued)
· Presentation of Financial Statements (revised framework in development)
· Differential Reporting / Tiered Reporting for smaller public entities
· Climate-Related Disclosures (in alignment with ISSB’s IFRS S1/S2)

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

TARGET AUDIENCE:
It is open t0 professionals seeking to obtain deeper knowledge in the area of IPSAS.
YOUR INVESTMENT:
This Master Class shall be provided at a cost of Kes.95,000.
CONTINUOUS PROFESSIONAL DEVELOPMENT UNITS:
Members of ICPAK and other reciprocating professional bodies will earn 20 CPD points upon successfully attending the Master Class.
ONLINE BOOKING:
We call on all participants to note that booking is available only online at www.icpak.com/events and will close 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 the National Industrial Training Authority. The Institute’s registration number is DIT/TRN/47. Participants who are registered levy contributors should apply to NITA for reimbursement of their fees. Please note that this is applicable for Kenyan citizens only and subject to NITA regulations. Remember that to qualify you should apply to NITA for approval prior to the date of the conference. Further details can be obtained from their website (www.nita.go.ke)
PARTNERSHIP OPPORTUNITIES
The training presents a perfect opportunity for organizations to showcase their products & services to a target group with high purchasing powers, both on personal and corporate levels. You will also have a unique opportunity for brand positioning and communication that will enjoy optimal visibility. Armed with significant purchasing power and decision-making authority, the audience are a key target group for businesses. For more information or enquiries please email raphael.nguli@icpak.com.
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.

ICPAK 6TH RESEARCH CONFERENCE 2025 (physical option)
2025-08-27 09:00 - 2025-08-29 15:30 | KCA University, 59963, Nairobi, 00200, Kenya
INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(Established under Accountants Act, Laws of Kenya)
ICPAK 6TH RESEARCH CONFERENCE 2025
THEME: MITIGATING ECONOMIC CHALLENGES THROUGH INNOVATION, ACCOUNTABILITY, AND ENHANCED FINANCIAL REPORTING
DATE: 27th -29th AUGUST 2025
VENUE: KCA University, NAIROBI

INTRODUCTION

The 6th ICPAK Research Conference themed, Mitigating Economic Challenges Through Innovation, Accountability, and Enhanced Financial Reporting, aims to bring together scholars, regulators, practitioners, policymakers, accountants and users of accounting information from Kenya, Africa, and beyond to present and discuss research findings and papers that provides recommendations for addressing pressing economic challenges.
Various studies have identified fiscal deficits, rising cost of living and tighter access to credit as some of the pressing economic challenges faced by countries. These challenges have been intensified by global economic uncertainties, including geopolitical tensions and the ongoing climate crisis, all of which pose risks to financial stability.
In response to these issues, Governments have implemented various policy reforms. However, the effectiveness of these reforms is contingent upon further research to assess their impact, identify potential gaps in implementation, and explore how professionals can enhance their role in supporting sustainable fiscal policies and economic stability. In addition, the growing emphasis on public sector accountability and the increasing pressure on public spending have highlighted the need for research and capacity building on financial reporting.
The ICPAK 6th Research Conference therefore seeks to provide a platform for exploring innovative solutions, highlights the importance of accountability, and emphasize the need for enhanced financial reporting to mitigate these economic challenges.
The ICPAK 6th Research Conference therefore seeks to provide a platform for exploring innovative solutions, highlights the importance of accountability, and emphasize the need for enhanced financial reporting to mitigate these economic challenges.
2. RATIONALE FOR THIS CONFERENCE
The rationale for the conference is grounded in key national developments, outlined as follows:
i. Kenya has increasingly relied on both domestic and external debt to finance infrastructure and other development programs, resulting in a rising public debt burden and associated risks. In this context, there is need for more research in promoting sound fiscal policies, ensuring transparency, and providing expertise on debt sustainability.
ii. The Government’s legislative reforms and proposals, including recent tax amendments, have generated widespread debate due to their impact on the cost of living. Given that Finance and Accounting professionals are uniquely positioned to assist businesses with these changes there is need for more research on ways to mitigate potential adverse effects on the economy.
iii. Many county governments are facing significant cash flow challenges, primarily due to delayed exchequer releases. This underscores the need for research that can assist in developing innovative solutions to enhance own source revenue and cash flow management.
iv. The Government is actively pursuing a Zero Fault Audit (ZFA) status for all public entities, to ensure the prudent use and management of public resources. More research is needed to explore the best practices for public entities to attain and maintain this status that will help identify challenges, gaps, and opportunities for improvement in public sector accountability.
v. As Kenya prepares for the transition to accrual accounting in the public sector, there is an urgent need to build capacity through research to ensure successful implementation and to strengthen the overall financial management framework.
3. SUB-THEMES OF THE 6TH RESEARCH CONFERENCE
The conference will focus on five key thematic areas:
i. Accounting and Financial Reporting
ii. Economics, Taxation, and Public Finance Management
iii. Innovation and Technology
iv. Financial Management and Risk Management
v. Accountability and Auditing
4. IMPORTANT DATES
This is to Call for Submission of Paper(s) from researchers, thinktanks and institutions noting the following important dates:
 Deadline for submission of full papers: 15th July 2025
 Notification of acceptance of paper: 31st July 2025
 Presentation of Papers at 6th Research Conference: 27th – 29th August 2025
5. BENEFITS
The following are some of the benefits of attending the 6th Research Conference 2025:
a) Research Insights on Current Economic Challenges
Delegates will gain valuable insights from research focused on tackling critical economic challenges. The conference will present evidence-based recommendations on leveraging innovation, accountability, and enhanced financial reporting to address key issues facing businesses and governments.
b) Professional Growth and Knowledge Sharing
The research conference offers an opportunity for professional growth through interactive sessions, discussions, and knowledge-sharing. Delegates will be able to exchange ideas, address challenges, and collaborate on strategies that enhance the future of accounting and financial reporting in mitigating economic challenges.
c) Exposure to Innovative Solutions
Delegates will be exposed to the latest technological advancements and innovative practices in accounting and financial reporting. The research conference will showcase solutions that can improve decision-making, optimize financial processes, and enhance overall performance.
d) Networking Opportunities
Engage with thought leaders, policymakers, and professionals across various sectors of the economy. The research conference provides a platform for participants to share experiences, exchange ideas, and build relationships that can support career growth and collaborative initiatives.
CONTINUOUS PROFESSIONAL DEVELOPMENT UNITS (CPD UNITS):
Members of ICPAK and reciprocating professional bodies will be awarded 20 Structured CPD Units upon successfully completion of the Conference.
FINANCIAL COMMITMENT
The charges for participants are as follows:

Category
Virtual Attendance
Physical Attendance

ICPAK Associate Members/ Students

Ksh.15,000
KShs.20,000

ICPAK Members
KShs.25,000

Non-Members
KShs.30,000

* Conference fee will be waived for Paper presenters
REGISTRATION AND BOOKING
We call on interested participants to book for the event via 0719074100 or visit the website www.icpak.com for more details.
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 channelled to us via email to research@icpak.com
