Ethics in Financial Reporting and Governance: Reality Check
Overview
The growing in number of accounting professionals in Kenya is laudable. However growth comes with great expectations and challenges. Notable and most visible among the expectations and challenges is the issue of ethics in the financial reporting and governance. It is sad to note that accounting firms and professionals that were looked upon as the guardians of integrity in financial dealings have now been exposed in violation of the fiduciary responsibilities entrusted to them by their stakeholders. The question that many are asking is what is the profession doing to redeem its image and is there a complete failure in governance structures. Could better governance and oversight be the solution to the increasing ethical disgraces?
This one day Accounting Professional Ethics Forum organized by ICPAK will reference itself to IFAC Code of Ethics and provide frameworks to address real life situations. The forum will be facilitated by experienced members of professional and give case studies for better grasp of the discussion topics. Particular topics to be covered include: Expected changes in disclosure requirements by external auditors, frameworks for resolving conflict, the role of ethics in today’s business world and dealing with difficult situations with regards to Accountants, Internal Auditors, external auditor; and conflicts of interest
Objectives
By the end of the forum delegates will have achieved the following objectives:
- Understand the expected changes in disclosure requirements by external auditors
- Appreciate the available framework for resolving professional conflict.
- Understand the role of ethics in today’s business world and how to deal with difficult situations
- Recognize conflicts of interest circumstances from the governance perspective.
Target Audience:
Financial accountants from private and public sectors, practicing members, internal and external auditors, associate members, audit committee members , consultants and accounting students.
Forum Charges:
The forum will be held on Thursday, 25th February 2016 at Hilton Hotel, Nairobi from 8.30am-5.00pm. Charges are Kshs. 8, 950 and Kshs. 14, 950 for ICPAK members and non members respectively. 7 CPD Hours will be awarded to members in attendance.
