Executive Summary

In becoming a globally recognized professional accountancy institute, ICPAK seeks to develop and regulate the accountancy profession in Kenya. This is by supporting its members in an all-round approach towards their global recognition as competent professionals, who add value whilst serving and protecting the public interest.

There is increased focus to ensure that members are reaping the maximum possible value out of the Institute’s activities. This then translates to increased quality membership and retention levels.

Value Proposition Statement

ICPAK is driven by the need to create and offer lifelong value to our members, who as professional accountants, are expected to be effective in their work, adding value to those who rely on them including their clients, employers and the public in general.

Our membership value proposition is based around four core offerings namely;

Enhance

Knowledge development

We purposely enhance our members’ skills and competencies towards increasing their value worth;

  • CPD Events – Our rich calendar of events comprising of seminars, conferences, workshops and professional forums.
  • Regular updates on the latest trends and developments within the Institute, the profession, and the business world in general, through our news bulletin, the E-Connect and ‘The Accountant’ magazine’

Member benefits

The Institute makes being a member worth it. We aim to provide products and services exclusive to our members, which enhance their general lifestyle.  Here are some of the offerings our members enjoy;

  • Affinity card – ICPAK Smart, an international Visa Debit Card
  • Insurance-An exclusive rate on motor vehicle insurance. click here for more information.
  • Professional publications – a free copy of ‘The Accountant’ magazine, access to our electronic bulletin, the E-connect
  • Publications for sale – discounted prices on latest editions of IFRSs and ISAs handbooks
  • Member discounts –
  • KCA University – 20% discount on all training courses at KCA University to the principal member, 10% to the spouse and 10% to two children
  • Toyota Kenya –
  1. 3.5% discount on the retail price on purchase of private car
  2. 4.5% discount on the retail price on the purchase of commercial cars
  3. 15% discount on purchase of genuine Toyota spare parts
  4. 15% on repairs and maintenance of pre-owned and locally acquired Toyota motor vehicles

Enable

Professional Presentation

As a voice for the accounting profession and the accountant, ICPAK represents members’ views towards relevant laws, government budgets and legislation and ensure their views are heard through representation on key relevant international and local boards, committees and standards bodies including;

IFAC Representation

  • IFAC Council
  • IAESB
  • PAODC
  • SMP Committee
  • PAFA Board

Public & Private Sector Bodies-

  • KASNEB
  • PPP Steering Committee,
  • Insurance Tribunal
  • Nairobi City States Corporation Appeals Tribunal
  • Water & Sewerage Co
  • Kenya Roads Board
  • PPO Board
  • KENAO
  • APSEA
  • Capital Markets Tribunal
  • CIC Insurance Group
  • Insurance Regulatory Authority
  • Kenya School of Government
  • KCA Board of Trustees and Governing Council
  • Commission on University Education
  • NCC Pending Bills Task Force
  • Public Procurement Administrative Review Board
  • Tax Agents Committee
  • Ethics Commission on Cooperative Societies
  • Central Bank of Kenya
  • PSAS Board
  • Homabay County-Budget &Economic Forum
  • Kitui County Budget & Economic Forum
  • Taita Taveta County Town Status Task Force
  • Committee to review the Sacco Societies Act
  • Kakamega Town Status Task Force
  • Uasin Gishu County Budget and Economic Forum

Growth

ICPAK enables the accounting professional to grow in their job roles:

Networking

ICPAK is committed to fostering and advancing collaborations between members.  Our members have many chances throughout the year to come together and network at our;

  • CPD events at both national and branch levels
  • Annual Charity golf tournament
  • FiRe Award conference & gala dinner
  • Chairman’s Dinner
  • Annual General Meeting
  • International Chapter events – UK and South Africa

Support

ICPAK provides its members with access to tools and information to help them improve their performance.

  • Technical Support – we provide our members with technical advice and any other information needed
  • Professional Standards – we regularly update our members on professional standards as they released and provide opportunity to participate in standard settings through comments on the exposure drafts.
  • Wealth of information- members have access to a rich menu of technical tools downloadable from our website
  • Legal Advice – our Legal department provides free personal or professional legal advice on request.

Alignment

Global Recognition

ICPAK is a regionally and globally recognized accounting body with membership to the following;

  • International Federation of Accountants (IFAC)
  • Pan Africa Federation of Accountants (PAFA)
  • East Africa Community Institutes of Accountants (EACIA)

CPA Reciprocity

To promote the recognition of the CPA designation, ICPAK has entered into partnerships with like-minded accounting institutes to extend their benefits to its members and vice versa. Such include;

  • National Board of Accountants and Auditors (NBAA) of Tanzania
  • Institute of Certified Public Accountants of Uganda (ICPAU)
  • Institute of Certified Public Accountants of Rwanda (ICPAR)
  • South African Institute of Chartered Accountants (SAICA)
  • Institute of Chartered Accountants of England & Wales (ICAEW)
Jan 25

TRAINING OF TRAINERS WORKSHOP-2017

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Jan 27

Tax Principles Workshop-2017

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Jan 31

Video Session-2017

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Feb 01

Evening Talk, Coast Branch

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Feb 02
Feb 15

THE 25th ECONOMIC SYMPOSIUM

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Mar 01

FINANCIAL MANAGEMENT CONFERENCE FOR NON-FINANCE MANAGERS

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Mar 22

THE ANNUAL GOVERNANCE AND ETHICS CONFERENCE

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Mar 29

THE ANNUAL INTERNAL AUDIT CONFERENCE

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Apr 05
Jun 17

CONCEPTUAL FRAMEWORK ONLINE EXAM

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