THE ANNUAL PUBLIC SECTOR ACCOUNTANTS CONFERENCE

THE INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(established under the Accountant Act, Laws of Kenya)

ANNUAL PUBLIC SECTOR ACCOUNTANTS CONFERENCE

Theme: Strengthening the mandate of public sector accountants towards nationwide accountability
Venue: Sarova Whitesands Mombasa
Date: 18th – 22nd October 2021

OVERVIEW:

The public sector is facing a multitude of challenges globally, from budgetary pressures and revenue limitations to intense scrutiny on the utilization of public finances utilisation. Around the world, common issues have emerged with many countries facing increasingly fewer and fewer citizens carrying the financial burden created by our societies from increased spending needs.

The global accountancy profession, with its public interest mandate has a critical role to play in helping to address these challenges by ensuring transparency and accountability in public sector financial management. Trust and reliability over information for accountable decision making is paramount.

The public sector requires crucial elements to aid the development of robust accounting standards, required for generation of accurate and complete information prepared on an accrual basis framework with appropriate presentation.
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.

The Annual Public Sector Accountants Conference aims to bring together practitioners and scholars to exchange and share their experiences on key 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. Other important areas such as risk management, procurement as well as the ethical dilemma for professionals will also be discussed. It is against this backdrop that the Institute will focus on the following topics during its 8th Annual Public Sector Accountants Conference:

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

2. 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.
3. Public sector audits during and Post Covid-19: Emerging accountability issues
4. Rethinking Productivity: essentials for remote working and effective employee performance in the Public Sector
5. Maximizing the benefits of accrual information in the public sector
6. Changing roles of finance professionals and the future of corporate finance
7. Impact of COVID19 on public sector financial reporting
8. Risk management strategies and guidelines for the public sector
9. The ethics and integrity agenda for accounting and procurement officials in the public sector
10. Strengthening the internal control framework within organizations in the public sector
11. Stimulating the economy in uncertain times – the path to recovery and national rebuilding
12. Development and implementation of anti-corruption policies and reporting
13. Understanding public sector performance contracting and its effectiveness
14. Audit and Compliance- Feedback from Auditor General’s Reports

Target Audience:
Public Sector Accountants, Accountants in parastatals and State Corporations, external auditors, public sector internal auditors, IPSAS Board personnel, Academia, Accounting and finance consultants; Employees and associates of Audit firms especially those auditing on behalf of the Auditor General, Audit practitioners, Members of Audit Committees at National & County levels, Members of PAC and PIC, Members of Finance and Budgeting Committees at National & County level, CEO’s, Departmental and Section Heads of Finance, among others.

Financial Investment:

***** The cost caters for training fee, training materials, certificate and meals during the conference. Please note that delegates are required to make their own travel and accommodation arrangements.

CONTINUOUS PROFESSIONAL DEVELOPMENT UNITS

Members of ICPAK and those from other reciprocating professional bodies will earn 20 CPD units upon successfully attending all conference sessions.

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).

PARTNERSHIP OPPORTUNITIES
The training presents a perfect opportunity for organizations to showcase their products & services to a target group with high purchasing powers, both on personal and corporate levels. You will also have a unique opportunity for brand positioning and communication that will enjoy optimal visibility. Armed with significant purchasing power and decision-making authority, the audience are a key target group for businesses. For more information or enquiries please email raphael.nguli@icpak.com.

For further inquiries, kindly contact Brenda Imali at  brenda.imali@icpak.com with a copy to  memberservices@icpak.com. Reach us on call: +254 719 074000/129

We encourage members to regularly visit our website www.icpak.com for updates.