Financial Reporting for Cooperatives Societies Seminar

Financial reporting is the blood line of any organization since it is the means through which control and stewardship of an organization is exercised and evaluated. Cooperators rely on financial reports assist evaluate the affairs of their cooperative society as many of them are not involved in the day to day operations.  The landscape of financial reporting has changed dramatically in the last ten years.  Drivers of changes in financial reporting include changes International Financial Reporting Standard (IFRSs) and International Auditing Standards (ISAs) while others are occasioned by reviews of national legislation and regulations.  Newer technologies and more sophisticated performance management metrics have increased the amount and quality of information generated by businesses. The accounting standards environment has become more international, and governance continues to be a major issue for cooperatives.

The pace and complexity of running a cooperative society has also changed significantly. Many cooperatives today have fully fledged investment companies require more effort and diligence in complying with regulatory requirements. The added layers of complexity to fulfill requirements by the accounting profession and regulators may result in too technical a report with lesser use to the ordinary cooperative society member.  Acknowledging the immense contribution that cooperative societies have on our national economy, the Institute of Certified Public Accountants of Kenya has organizes a three day conference in Kisumu to address issues pertinent to the cooperative movement in Kenya.  The key objectives of the training are:

• Corporate Governance for Cooperative Societies
• Building Blocks and Processes for Excellent Financial Reporting in Cooperative Societies.
• Financial Audits  for Cooperatives-  Current Issues & Challenges
• Compliance Checks – The Regulators Viewpoint on financial reporting in cooperatives.
• Taxation of Cooperative Societies – Recent Developments and Trends
• Financial Literacy among cooperative society members – the usefulness of financial reports
• Technology as a tool to enhance efficiency in cooperative movement
• Health Matters –  Lifestyle Choices & Their Impact on Health

Charges:

Bookings and Deadline  

Please book online on www.icpak.com/registration. Payment by MasterCard, Senator and Visa Card is acceptable. Bookings will close on Friday, 3^rd July 2015 

CPD Hours

Delegates attending the seminar will qualify for award of 20 CPD Hours.

Cancellations & Substitutions 

All cancellations must be notified in writing addressed to Dan Mugo. At no time are telephonic cancellations sufficient. Cancellations received on or before 26^th June shall be eligible for full refund less 15% administrative fee. No refund shall be made for any cancellation received after 26^th JuneThe Institute’s liability in the event of conference cancellation will be limited to a refund of the conference fee less administrative fee.

National Industrial Training Authority (NITA) Reimbursement

The Institute is registered as a trainer with National Industrial Training Authority (formerly Department of Industrial Training -DIT). The Institute’s registration number is NITA/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 ).

For more information or enquiries please call +254(20)8562011; +254(20)8562016 or + (254) 733856262/727531006 and talk to Philemon, email to memberservices@icpak.com or visitwww.icpak.com. For Exhibitions and Sponsorships, please get in touch with Linda on the above lines or email.