THE INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(Established under the Accountants Act, Laws of Kenya)
Integrated Reporting
Theme: Promoting sustainable and inclusive financial reporting
Date: 20th July 2023
Time: 4pm-6pm
Venue: Online
Overview
Integrated reporting is a reporting framework that provides a holistic and comprehensive view of an organization’s value creation process and its impact on various stakeholders. This report gives a concise communication on an organization’s strategy, governance, performance, and prospects in the context of its external environment in relation to creation, preservation, or erosion of value in the short term, medium and long term. IR aims to go beyond conventional financial reporting by including non-financial information, such as environmental, social, and governance (ESG) factors, which are becoming increasingly important to investors, regulators, and society at large. The International Integrated Reporting Council (IIRC) has developed a globally accepted framework for integrated reporting which encourages business entities to provide a synoptic and connected representation of how they create value over time. The reporting process involves integrating financial and non-financial information into a single report, highlighting the relationships and interdependencies between different aspects of an organization’s activities.
In today’s cutthroat competitive commerce landscape, more and more investors demand non-financial data when screening for investment opportunities and decision making. The bar for corporate reporting standards has also been steadily rising over the last three decades arguably fueled by the widening number of stakeholders involved in the corporate reporting process from shareholders to a wide spectrum of stakeholders including employees, customers, clients’ regulators and ultimately society at large. Through this demand of disclosures, integrated reporting has been able to communicate an entity’s value creation journey and enhance transparency and accountability by providing a more comprehensive view of an organization’s performance for effective decision making and governance. It is against this backdrop that ICPAK has organized this important webinar to have an in-depth dive into the aspects, components, and key considerations of integrated reporting.
The following key topical areas will guide the discussion during this important webinar:
- Integrated reporting framework
- Capitals of integrated reporting
- Implementation and practical illustrations of integrated reporting
- Relationship between sustainability and integrated reporting.
- Integrated reporting and value-based cost management
- Risk management from an integrated perspective
- The future of integrated reporting
- Transition to integrated reporting and thinking.
- Integrated thinking principles and value reporting foundation
- Sustainable development and corporate accountability: A focus on SDGs in relation to IR
Target Audience
All finance and accounting professionals, Private and Public Sector Accountants, Chief Finance Officers, Finance Directors, and Managers, IFRS Experts, Key Audit staff SMEs sector accountants, Auditors, Practitioners, Professionals working in County Governments and private sectors, Academia, Financial Reporting Consultants
Continuous Professional Development Units (CPD Units):
Members of ICPAK and reciprocating professional bodies will be awarded 2 CPD Units upon successfully attending the session.
Cost:
Charges for the training will be Kes 1,000/= 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)
