13th – 14th October, Kericho
Introduction
Co-operative Societies play a great role in the economy by creating the opportunity for people to take control of their own financial affairs. The SACCO sub-sector, a part of the larger cooperative movement in Kenya has seen commendable growth and change in the recent years than other co-operatives. In order to enforce transparency and accountability, SACCOs in Kenya are exposed to various legal and professional compliance requirements. All the players in this sector must clearly understand the financial reporting requirements according to the International Financial Reporting Standards (IFRSs) and the regulatory requirements from SACCO Societies Regulatory Authority (SASRA).
To address the salient financial reporting issues affecting this sector ICPAK has organized a two-day workshop to provide the delegates with expert knowledge on the practical challenges affecting SACCOs in Kenya and guidance on compliance with both the regulatory and reporting requirements. Some of the issues that will be addressed include;
- Cooperatives Current reporting status in Kenya
- SASRA Required Reports and Disclosure Requirements
- The Future of SACCOs and Financial Reporting
- Practical application of IFRSs
Learning outcome:
By the end of the workshop participants will be able to:
- Understand challenging IFRSs relating to SACCOs.
- Appreciate and prepare SASRA regulatory reports.
- Appreciate compliance challenges and way forward.
- Understand how to assimilate the auditors’ reports.
- Review the 2015 FiRe Award Status Report: Major Areas of Non-Compliance for SACCOs
Target Audience:
Finance Managers & Internal Auditors in SACCOs; Practicing Auditors, Accountants from SACCOs; Representatives from regulatory bodies (SASRA, CBK), Finance consultants and any persons seeking knowledge in SACCO financial reporting matters.
Workshop Charges:
The workshop will be held from 13th – 14th October, 2016 At Sunshine Hotel in, Kericho, from 8.30am -5.00 pm. Charges are Kshs. 8,950 and Kshs. 10, 950 for ICPAK members and non-members respectively. 14 CPD Hours will be awarded to members in attendance.
