THE INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(Established under the Accountant Act, Laws of Kenya)
PFM and Emerging Tax Issues – Eastern Branch
Date: 20th – 21st June 2024
Time: 09.00am -3.30pm
Venue: To Be Confirmed Kitui
OVERVIEW
Across the world, many countries are now grappling with restoring sound and sustainable public finance management systems. This follows the realization that the way governments manage their budgets today will have profound economic effects in the years ahead. Good public financial management supports not only good governance and transparency but is also crucial for effectively delivering the services on which human and economic developments rely.
In Kenya, the Government has undertaken several initiatives to improve Public Finance Management. Currently, with the implementation of devolved government system, a new dimension of public finance management has been introduced with a set of new challenges – human resource related, structural and object related. The seminar aims at educating attendants on how to effect a sustainable fiscal position, allocating resources efficiently, and delivering public goods and services effectively.
Compliance with Tax legislation has become a top agenda in determination of an Organization’s Risk Profile. An understanding of Tax Planning and Management measures and an awareness of the thin line between Tax Planning and Management & Tax Crimes is important if personnel involved in Tax Management is to be effective in minimizing an organization’s risk yet be effective at managing tax. All Senior Finance Personnel (Heads of Finance, Financial Controllers, Finance Managers and other Senior Finance staff), Risk & Compliance Officers, Internal Audit staff and other decision-makers must have an understanding of their organization’s compliance requirements, risk profile and exposures as a basis of acquiring requisite skills to effectively manage tax and mitigate tax exposures.
In light of these, ICPAK has organized the workshop to focus on:
- Principles of Public Financial Management in Kenya
- The Budget making process in Kenya- County and National Budgets
- County Own Source Revenue: County Government Revenue Raising Process Bill
- Emerging Issues from Office of the Auditor General Audit Reports
- Public Procurement & Payment for Goods and Services
- Pending Bills
- Challenges Faced
- Provisions relating to County Governments
- Effects of non- compliance
- Innovations in Tax Compliance and Current i-Tax Changes and Emerging Issues
- Taxation of the digital economy – the international developments and the local legislation
TARGET AUDIENCE
The seminar will be useful to accountants serving in the public sector and county governments
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.
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 Everlyne Maingi at everlyne.maingi@icpak.com with a copy to memberservices@icpak.com.
We encourage members to regularly visit our website https://www.icpak.com for updates.
