THE INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(Established under the Accountant Act, Laws of Kenya)
IPSAS & PFM Workshop – Coast Branch
Date: 6th to 7th July 2023
Time: 09.00am -3.30pm
Venue: City Blue Hotel, Mombasa.
Overview:
In a time of greater demands for transparency and accountability and all with limited budget thresholds, accountants in the public sector are expected to have a wide-ranging knowledge base. The professionals responsible for delivering a public service or using public authority have a duty to report both the financial and the non-financial results on public funds entrusted to them. This can be achieved through good public financial governance by Strengthening fiscal frameworks to enhance predictability and affordability, improving the quality of spending through better budget preparation, prioritizing functional budget-execution practices, strengthening accounting practice, operationalizing procurement reforms and developing strategic, appropriate and owned integrated financial management solutions.
In spite of promising results, major challenges still remain. Progress made has been very uneven and a number of Counties and public entities suffer from poor management of financial resources.
In light of the above the Institute has organized a two-day workshop to cover the following topical areas.
- Legal requirements and Presentation templates; Components of financial statements; Key considerations and timelines; IPSAS Overview/Guideline/Implementation/updates
- Emerging developments in public sector financial reporting
- Transitioning from IPSAS Cash to IPSAS Accrual
- Assets and liabilities policy and its implication on Accrual Accounting.
- Accounting measurement and disclosure
- Developments in Public Financial Management (PFM); IFMIS & Technological trends in PFM
- Discussions on the challenges faced by public sector professionals in compliance to IPSAS and PFM Guidelines
- Budget implementation and effective budgeting considerations for public sector organizations; Effective budgeting considerations for the counties and other public sector entities
- Professional Ethics in relation to PFM
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 workshop.
Target Audience:
This workshop will be useful to all professional Accountants and those aspiring to join the profession.
FINANCIAL COMMITMENT:
The workshop charges are Kshs. 10,000. Charges will cater for the workshop fees, learning 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 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 Ainan Mohamed ainan.mohamed@icpak.com with a copy to memberservices@icpak.com.
We encourage members to regularly visit our website https://www.icpak.com for updates.
