THE INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(Established under the Accountant Act, Laws of Kenya)
Budget Expenditure Priorities – COB and OAG – Recording
Theme: Inclusive and sustainable economic recovery
Date: 1st -2nd September 2021
Time: 9.00am – 3.30pm
Venue /Platform: Zoom /Virtual
OVERVIEW
As various economies in the world continue to grapple with the effects of the covid 19 pandemic, effective budgeting and planning forms a vital role in economic recovery and roadmap to normalcy. A full understanding of the budget planning and preparation process is crucial not only to derive expenditure projections and pivotal priority areas but also to advice policy makers on feasibility of specific budgetary proposals from a macro or micro economic approach. This also creates and emphasis on the importance of controlling government expenditure at the upstream budget preparation level other than the implementation and execution level.
Budget expenditure priorities have a major influence on formulation of public policies. This reflects a decision on the extent of the government’s commitment in provision of a broad range of public services, amenities and also foster economic growth. Majority of the expenditure items in our case rely heavily on taxes and public debt for financing hence this influences the overall long term tax regimes.
Having had the 2021/2022 national budget presentation by the cabinet secretary to the national treasury, this training seeks to have an in-depth study of the entire budgeting process and components with a focus on the expenditure priorities taken into consideration to revive the economy and set it on a growth course amid the current uncertainties. This will also incorporate a birds-eye view by the two key state bodies involved in the implementation, management, and oversight of the budget among other functions that will form basis of discussion in this seminar.
COB (Controller of budget) – Established under article 228 of the constitution and mandated to oversee implementation of the national and county government budget, publish, and publicize statutory reports and advice the national assembly on issues related to transfer of funds to state organs or any other public organs or other public entities.
OAG (Office of the Auditor General)- Established under chapter 12 article 229 and is mandated to provide audit and assurance of public resources to ensure they managed responsibly and effectively to achieve the intended results.
Join us to learn more and have candid discussion on the budget expenditure priorities items, cross cutting effects on the various functions and sectors of the economy and provide a clear image on the government’s key priorities against the public diverse views.
The following key areas will form the basis of discussion.
COB -key roles, functions and mandate in relation to the budget
AOG – key roles, functions and mandate in relation to the budget
The budgeting process and importance of understanding the budget.
Responsibilities and mandates within the budget system
Key expenditure priorities
A reflection on the Big 4 agenda
Comparative global look at expenditure priorities for economic recovery
Policy priorities and roadmap to economic recovery
Fiscal framework & policies
Public debt management, Governance and fight against graft.
CONTINUOUS PROFESSIONAL DEVELOPMENT UNITS (CPD UNITS):
Members of ICPAK and reciprocating professional bodies will be awarded 10 Structured CPD Units upon successfully completion of the Webinar.
FINANCIAL COMMITMENT:
The Webinar charges are Kshs. 10,000. Charges will cater for online video access fees, learning materials, and e-certificates of attendance
ONLINE BOOKING:
Registration: Delegates are reminded to note that online booking for webinar is mandatory on https://www.icpak.com/event-registration/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.
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, (+254) 733 856262 or via email to onlinelearning@icpak.com.
We encourage members to regularly visit our website https://www.icpak.com for updates.