THE INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(Established under the Accountants Act, Laws of Kenya)
RISK CHAMPIONS WORKSHOP 2024
Theme: Empowering risk champions for effectiveness
DATE: 3rd -5th April 2024
TIME: 09:00am-03:30pm
VENUE: Sarova Woodlands Hotel & Spa, Nakuru
OVERVIEW
The Risk champion is a person with the skills, knowledge, leadership qualities and power of office required to champion a particular aspect of risk management. A key part of the Risk Champion’s responsibility involves intervening in and escalating instances where the risk management efforts are being hampered, for example, by the lack of co-operation by Management and other officials and the lack of institutional skills and expertise. The Risk Champion also adds value to the risk management process by providing guidance and support to manage problematic risks and risk of a transversal nature that require a multiple approach.
Risk management encompasses the identification, analysis and response to risk factors that form part of the life of a business. Effective risk management means attempting to control, as much as possible, future outcomes by acting proactively rather than reactively. Therefore, effective risk management offers the potential to reduce both the possibility of a risk occurring and its potential impact.
Enterprise risk management is the leading approach to managing and optimizing risks to enable a company to determine how much uncertainty and risk are acceptable to an organization. With a company-wide scope, ERM strategically analyzes risk throughout an organization, cutting across business units and departments, considering end-to-end processes. In adopting an ERM approach, companies gain the ability to align their risk criteria to business strategy by identifying events that could have an adverse effect on their organizations and then develop an action plan to manage them.
A risk champion network allows departments to take ownership of risk, something which is otherwise difficult to achieve because people just look at the risk management department or the risk manager and assume the responsibility for it sits with them rather than at the front line. The champions framework puts the responsibility for assessment and mitigation back on departments and risk owners. Having a risk champion within each department or area enhances and strengthens ownership of the risk process.
It is against this background that this 3-day workshop has been organized. The sessions will focus on practical application and interactive discussions as delivery methods covering the following areas:
- Risk Identification and Formulation
- Risk Assessment (Identification and Analysis) Techniques
- Horizon Scanning
- Information Gathering Techniques
- Information Processing Tools
- Risk Control, Risk Ranking and Treatment
- Organizational Resilience and Business Continuity Planning
- Risk Control Techniques
- Using Key Risk Indicators (KRI’s)
- Risk
3. Risk Management Implementation
· Risk Management Framework
- Risk Strategy
- Risk Appetite Statement
- Risk Governance
- Highlights of the pertinent regulation and guidelines, PFM Act, Treasury Circulars, COSO ERM Framework, ISO 31000:2018 among others.
- Evaluating Risk Management frameworks and practices.
- Principles of Business Continuity Management & Business Continuity Management Systems.
- Business Impact Analysis and Risk Assessment.
- Incident and emergency response management.
- Practical sessions- Template of a risk register and how to develop it.
7. The Relationship to Business Continuity.
- Principles of Business Continuity Management & Business Continuity Management Systems.
- Business Impact Analysis and Risk Assessment.
- Incident and emergency response management
Continuous Professional Development Units (CPD Units):
Members of ICPAK and reciprocating professional bodies will be 20 CPD Units upon successfully attending each session of the Seminar.
Target Audience:
Risk Champions, Private and Public Sector Accountants, Risk and Audit Staff, All staff in various departments within organizations, Chief Finance Officers, Finance Directors and Managers, IFRS Experts, Transaction Advisors, Pension Scheme Administrators, Fund Managers, Engagement Partners and Key Audit staff, Banking, Extractive and SMEs sector accountants, Auditors, Practitioners, Heads of Internal Audit, Professionals working in County Governments and private sectors, Academia, Financial Reporting Consultants
Financial Commitment:
| Category | Charges | |
| 1 | Associate Members | Kes 40,000 per Delegate |
| 2 | ICPAK /ACCA Members | Kes. 45,000 per Delegate |
| 3 | Non-Member | Kes. 50,000 per Delegate |
Note: Delegates are required to make their own travel and accommodation arrangements. The workshop charges cater for training fee, training materials, certificate and meals during the event.
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)
Further requests can be channeled to us via telephone calls on +254 719 074 100, or via email to Fredrick Otwori at fredrick.otwori@icpak.com, or with a copy to memberservices@icpak.com.
We encourage members to regularly visit our website https://www.icpak.com for updates.
