THE INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(established under the Accountant Act, Laws of Kenya)
2ND PROFESSIONAL FORUM
Theme: The Need for Future Accountants to Speak Cryptocurrency and Blockchain
Venue: Hilton Hotel, Nairobi
Date: 27th June 2018
Time: 5:30pm to 7:30pm
1.0 Overview
The rapid growth of block-chain technology raises both excitement and concerns for the accounting industry. Will blockchain and accounting enjoy an interdependent relationship? Or, as some insinuate, do accountants need to start looking for a new line of work? Much like block-chain technology itself, the answer is complex.
In conventional accounting, transaction records are stored in a centralized server whereby upon request, the accountant has to retrieve the specific data and share. Ideally, only the auditor and accountants have direct access to the centralized ledger. On the other hand, Blockchain is a distributed ledger technology. What this means, any transactional records are stored in a shared or distributed ledger which is accessible to all interested parties such as regulators, auditors, accountants and clients. Private and public keys are used to authenticate users and have access to ledgers that contain their own records.
Although blockchain was created to serve as the backbone for Cryptocurrencies such as Bitcoin, its application has broadened to serve the accounting industry. The reason why accountants should pay attention to blockchain is because it offers immutability and transparency which is crucial to the integrity of an accounting firm/profession.
The large four accounting firms -PwC, KPMG, Ernest & Young and Deloitte – are already investing in blockchain with Deloitte having about 30 prototypes running. With companies like IBM and Amazon offering scalable, flexible and robust blockchain platforms, the accounting industry will not remain untouched. The transformation is happening and it’s against this backdrop that the Institute has organized this special professional forum.
2.0 Target Audience:
Associate members, accountants in private and public sectors, accountants in business and other professionals drawn from other membership bodies keen on emerging issues
3.0 Continuous Professional Development Units (CPD Units)
Members of ICPAK and reciprocating professional bodies will be awarded 3 CPD Units upon successfully attending the session.
4.0 Financial Commitment
The forum charges for 2nd Professional Forum as follows:
| Category | Normal Registration
Booking & Payments or LPOs / LSOs |
| Associate Members | 1500 Ksh |
| Members | 2000 Ksh |
| Non-Members | 2,500 Ksh |
| International Delegates | USDs 30 |
5.0 About Nairobi-The Events Venue. (City Information for International Delegates)
Nairobi is considered one of the most prominent cities in Africa, housing many multinational companies and organizations. It is a financial hub. It has very unique tourist attractions that you may want to enjoy after your training: These include: The Nairobi National Park, Animal Orphanage, Bomas of Kenya, Karen Blixen Museum, The Uhuru Park, Nairobi Railway Museum, Jamia Mosque, Uhuru Gardens, Snake Park Nairobi, Jeevanjee Gardens, Oloolua Nature Trail, Ngong Forest, The Judiciary Museum, The Giraffe Center, Paradise Lost, Karura Forest, Africa’s Largest Slum – Kibera and the Maasai Market.
6.0 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).
7.0 Sponsorships, Partnership Opportunities & Additional Information
This forum presents a unique opportunity for brand positioning and communication that will enjoy optimal visibility before potential targeted customers. Armed with significant purchasing power and decision-making authority, the audience are a key target group for businesses. Sponsorship opportunities range from item sponsorships, exhibitions, advertising and sub-event sponsorship within the major event
The forum intends to attract over 120 participants drawn from both the public and private sectors presenting a rare chance for exhibitors and sponsors. Those interested in sponsoring the event can reach us through raphael.nguli@icpak.com
Further requests can be channelled to us via telephone calls on +254 733 856 262/ 727 531006 or via email to memberservices@icpak.com or felista.kibe@icpak.com . We encourage members to regularly visit our website www.icpak.com for updates.
