THE INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(Established under the Accountant Act, Laws of Kenya)
IPSAS & PFM Workshop – Coast Branch
Date: (Postponed)
Venue: Sapphire Hotel, Mombasa
Brief
Public finance is important to the relations between citizens and the Government. Globally, an increasing number of Governments and international organizations have established mechanisms to promote public disclosure of budget and other financial information. Citizens, parliaments and financial markets deserve a clear picture where public finances stand. There is thus need for continued progress to reform country’s public finance management system in tandem with the needs and aspirations of its citizens.
Kenya has made significant strides in reforming its PFM system in the past ten (10) years. First, the country has embraced fiscal decentralization effectively carried out through the devolved system of governance. Counties are now at the centre stage in driving local development agenda. Second, from accounting perspective, the Public Sector Accounting Standards Board (PSASB) was adopted as the standard setting body under Sections 192 to 195 of the Public Financial Management Act, 2012. PSASB was established to set accounting and financial reporting standards, and to mainstream best practices for good governance, internal controls and risk management in the public sector. The accrual based accounting standards have introduced uniformity of financial reports with other countries as well as more meaningful information for decision making purposes.
Despite promising results, major challenges remain in the public sector in Kenya including but not limited to mismanagement of public resources, lack of accountability and ineffective public participation in PFM processes among others. Progress made has been very uneven and several counties/organizations still suffer from poor management of financial resources.
This workshop is aimed at reminding members of their primary objective to establish an environment that endorses transparency, accountability and good governance. It will seek to ensure that delegates remain competent to address changes in the environment while aligning with best practices in financial reporting and management.
Topics to be covered include:
- Counties’ potential in Own Source Revenue – Examining the roadblocks to sufficient county resourcing and effective revenue forecasting?
- Pending Bills – Current State and Solutions
- Budget Implementation & absorption of funds in the Public Sector – PFM Act 2012 and Regulations 2015
- Accountability in Public Finance Management – Anti-Corruption Initiatives, Roles of Audit Committees, Auditor General reports
- Public Expenditure and Financial Accountability Performance Measurement Framework (PEFA-PMF) in Kenya. Are these in tandem with the OECD principles of budgetary governance?
- Public Procurement Trends and Recent Developments – e-procurement, disclosures in public procurement
- An Overview of IPSAS Implementation Guidelines:
- Transition from IPSAS Cash to Accrual accounting; implementing accrual accounting in the public sector
- Employee Benefits IPSAS39
- Integrated & Sustainability & Environmental Reporting
- IFRS 9: Challenges/way forward/Success
- Recent developments in IFRS standards
- A look at IPSAS 32 to 42 (social benefits
8. Group Session
- Tailbacks and Progress in IPSAS Implementation in the Public Sector: Discuss the strategic implications of IPSAS adoption; Assess the impact of the application of IPSAS on your organization; Practical implications and challenges of an IPSAS conversion project
Target Audience
Members of Boards in the Public Sector, Public Sector Finance Officers and Officials, Accountants in Public Sector, Practitioners in the Public Sector, Scholars, Consultants, County Executive Officers, Members of County Assembly, Senators, County Executives Committee members, Government Accounting Officers, and other professionals and representatives of civil societies, among others.
Event Booking
Kindly note that booking is available either online at www.icpak.com/events
Delegates are advised to book early for planning purposes.
Charges
Charges for this forum are as provided below:
| Category | Charges (Ksh) |
| Associate Members | 8,000 |
| Members | 10,000 |
| Non Members | 12,000 |
National Industrial Training Authority (NITA) Reimbursement for Kenyan Delegates
The Institute is registered as a trainer with National Industrial Training Authority. The Institute’s registration number is DIT/TRN/47. Kenyan participants who are registered levy contributors should apply to NITA for reimbursement of their fees. Please note that this is applicable for Kenyans.
Continuous Professional Development (CPD) Units
Members of ICPAK will earn 14 CPD points upon successful attendance.
Enquiries may be directed to us via email to joy.wanyonyi@icpak.com with a copy to memberservices@icpak.com. Call us on +254719074100/307/310
