THE INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(Established under the Accountant Act, Laws of Kenya)
Professional Forum
Theme: Implementation and Impact of IFRS 9
Date: 6th June, 2018
Time: 5:30 pm – 7:30 pm
Venue: Coast Branch Office, 2nd Floor Jubilee Arcade, Moi Ave.
Overview
The adoption of technology in the Kenyan financial services sector triggered an evolution that has spanned over the last few years. These changes continue with the goal of serving customers better and sustaining profitability. The sector is expected to morph further in the near future with the coming to effect of the new International Financial Reporting Standard (IFRS) number 9 on 1 January 2018.
IFRS 9 replaces International Accounting Standard (IAS) 39. This is in respect to the methodology used in providing for uncertainties in economic benefits of financial assets, loans or debts issued by financial institutions (impairment provisions on financial instruments). As a result, entities will have to recognize not only incurred credit losses but also losses that are expected to be incurred in future. This major change has caused significant worry in markets across the globe and the Kenyan market is no exception since affected entities are expected to prepare compliant financial reports going forward.
In response to the existing complexity of the financial reporting arrangements which have been occasioned by the introduction of the new standard, the Institute of Certified Public Accountants of Kenya, ICPAK, has organised this professional forum to upraise delegates on the new developments and expected impact of the implementation of IFRS 9.
Target Audience
The target groups for this forum include Auditors, Preparers of IFRS Financial Statements, Staff of Banking Institutions, Young professionals, Practicing Members, the Academia, Corporate Finance Managers and Regulators.
Event Booking
Kindly note that booking is available either online at www.icpak.com/events or on the ICPAK Live – A smart phone based application that is available from Google store. Delegates are advised to book early for planning purposes.
Charges
Charges for this forum are as provided below:
| Category | Charges (Ksh) |
| Associate Members | 1,500 |
| Members | 2,000 |
| Non Members | 2,500 |
Continuous Professional Development (CPD) Units
Members of ICPAK will earn 3 CPD points upon successful attendance. Enquiries may be directed to us via telephone on +254 732 352476 or via email to joy.wanyonyi@icpak.com.
