FINANCIAL REPORTING FOR COUNTY GOVERNMENTS & OTHER PUBLIC SECTOR ENTITIES

THE INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA

(established under the Accountant Act, Laws of Kenya)

FINANCIAL REPORTING FOR COUNTY GOVERNMENTS & OTHER PUBLIC SECTOR ENTITIES

Theme: Improving Compliance and Professionalism in Public Sector Reporting

Date: 8th – 12th March 2021

Venue: Pride Inn Paradise, Shanzu, Mombasa

OVERVIEW
Financial reporting in Kenya has fundamentally changed over the past decade and the impact of this has been far reaching. The adoption of International Public Sector Accounting Standards (IPSASs) and the reforms in public finance management have significantly increased the requirements in financial reporting. IPSAS underpins the quality and credibility of financial reporting and public confidence.

Financial Reporting for County Governments & other Public-Sector Entities conference aims to bring together practitioners and scholars to exchange and share their experiences on all aspects of financial reporting in the public finance management cycle. It also provides a premier interdisciplinary platform to discuss the most recent trends and concerns as well as practical challenges encountered, and solutions adopted in the field of finance and accounting.

The conference will focus on the following thematic areas:
1. Fiscal strategy and macroeconomic framework
 Macro-economic Modeling and forecasting.
 Linkages in Policy, Planning & Budgets; and
 Using data analytics on monitoring and evaluating revenue.

2. Public expenditure control and monitoring
 Budget execution and monitoring.
 Linkages between plans and financial reports; and
 The Implications to fiscal responsibility principles.

3. Public Financial Management Information System
 ICT Based Systems – Automation for public finance management and reporting
 Relooking at IFMIS.
 Leveraging Safely; and
 Emerging trends & Way Forward.

4. Preparation of financial statements
 Legal requirements.
 Components of financial statements.
 Key considerations and timelines; and
 Quality assurance mechanisms.

5. The effectiveness of financial reporting standards
 Transitioning from IPSAS Cash to IPSAS Accrual.
 Assets and liabilities policy and its implication on Accrual Accounting.
 Accounting measurement and disclosure; and
 IPSAS improvements – updates.

6. Sustainability, integrated and environmental reporting
 The composition and format of corporate reports and the role of the visual.
 Corporate governance and sustainability; and
 Corporate reporting and accountability in the public sector

7. Audit and compliance
 Audit file preparation.
 Audit committee effectiveness; and
 Synthesize of the Auditor General’s report.

8. Ethics and integrity on institutional sustainability
 The development of ethical thinking.
 Ethics in Practice – dilemmas in the profession; and
 Ethics in financial reporting – coping with ethical challenges in the public sector

9. Feedback from the FiRe Award
 Rationale and objective.
 The key highlights – major areas of non-compliance; and
 New developments and way forward

TARGET

Accountants/Auditors/Finance professionals in County Governments, Other Professionals in the Counties, Practitioners, Academia, Public sector officials and professionals interested in county government matters, Members of County Assemblies, CECs, among others.

 CONFERENCE CHARGES

CONTINUOUS PROFESSIONAL DEVELOPMENT UNITS

Members of ICPAK and those from reciprocating professional bodies will earn 20 CPD units upon successfully attending the Conference.

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).

Sponsorship’s, Partnership Opportunities & Additional Information

The Financial Reporting for County Governments and Other Public Sector Entities attracts over 200 participants drawn from both the public and private sectors presenting a rare chance for exhibitors and sponsors. Those interested in sponsoring this event can reach us through raphael.nguli@icpak.com . Other requests for information can be channelled to us via telephone on +254 733 856 262/ 727531006/ 733856262/ 721469169 or via email emma.opiyo@icpak.com; eric.otieno@icpak.com with a copy to judith.wambura@icpak.com . We encourage you to regularly visit our website www.icpak.com for updates on the Conference

Welcome!!!