THE PFM & IPSAS CONFERENCE

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

THE PFM & IPSAS CONFERENCE
Theme: Effective Reporting and Sustainability in Utilization of Public Resources
Venue: Pride Inn Paradise Beach Hotel Shanzu, Mombasa
Date: 14th – 18th June 2021

OVERVIEW

Financial reporting through proper compliance with the International Public Sector Accounting Standards helps in sound decision-making and at the same time increasing accountability, openness, and transparency in the use of those resources. It also helps to improve the performance of, and trust in, the public sector.

Financial reports provide basic information to people interested in the performance of an entity (the users).  They allow the entity to be held accountable for how it manages and uses the money it receives, including the entities in the public sector. This requires that that the process of preparing and presenting these reports meets fully the requirements of the accounting standards and that the reports produced are of high quality and, when used by the different stakeholders, result in reported information which meets the needs of users.

Additionally, the ever-disturbing subject of most public sector entities preparing financial reports which receive qualified opinions raises a lot of concern by the various users of those financial statements and other stakeholders. The impact of the COVID-19 pandemic further complicates the situation in the accounting and financial reporting requirements in the public sector.

The conference explores current and topical issues within the Public Finance discourse. As the Country and the world emergences from the Impact of the COVID-19 Health crisis and the consequent economic effects focus is now shifting on fiscal responsibilities for Governments to remain afloat.

The role and responsibility of Accountants will be crucial in mid-waving economies and supporting governments with requisite advisory services in the post COVID-19 era. This conference focuses on topical and emerging issues in the Public Finance and IPSAS arena to allow members of the profession to discuss, debate, reflect and equip themselves to adequately respond to the demands placed upon them in this season.

The suggested topics for discussion will include:

1. Planning and Budgeting through a Crisis
 Potential Impacts of COVID-19 on 2021/2022 budget
 Possible trade-offs and effects on development priorities
 A reflection on 2021/2022 BPS proposals vs reality

2. The Revenue Dilemma: Can we Borrow Our Way to Prosperity?
 Sources on the growing revenue hole in our public budgets
 The implications of the huge revenue deficits
 Practical policy options out

3. A growing Budget Deficit
 A sign of fiscal irresponsibility or ambitious growth?
 Intergeneration implications
 Is it sustainable?

4. The cost of Corruption and Waste in Public Expenditures
 The KES 2 Billion a day question: Myth or Fact?
 The Real Cost to our Society and Future Generations!
 The Role of Accountants: Enablers or the Solution?

5. Off-balance sheet Financing Options
 Nature and Rationale
 Innovations or Hidden Public Debt Obligations?
 Size and Implications of Current Off-balance Sheet Portfolio

6. Re-looking our Public Investment Appraisals
 Procedure and Processes
 Political Interest vs Economic Priorities
 Review

7. Contracting and Contract Management Challenges
 Provisions of PP&AD Act 2015
 Provisions of Regulations 2020
 Standardize Contracting in Government or allow Discretion for Individual Agencies?

8. The Transition to Contributory Pension Scheme
 The Implications to Government & Civil Servants
 Transition Provisions
 Provisions of IPSAS 39
 The Opportunities and Challenges

9. The Journey towards a Single National Set of Accounts
 Is it about time we phased out IPSAS Cash in favor of IPSAS Accrual?
 The challenges hindering transition to IPSAS Accrual for Ministries?
 Is the 2023/2024 time for a Single Set of National Accounts Feasible?

10. The Scope of Biological Assets in Government
 Definition and relevant IPSAS
 Recognition, treatment & reporting – IPSAS 27
 Mapping Biological Assets within the Public Sector in Kenya

11. Overview of Public Procurement Regulations 2020
 Rationale and Objectives
 The Transition Provision and Reporting Implications
 Key Highlights

12. Ethics and Ethical Dilemmas for Professional Accountants in Kenya
 Sources of ethics for the profession
 Ethical dilemmas for accountants in Kenya
 Practical suggestions for coping with ethical challenges in the public sector

TARGET

Targeting an audience from across the continent, this conference is tailored for Government Accounting Officers, Public Finance specialists, Chief Finance Officers, County Government Executives, County Assembly Executives, Legislators, International and local Development Partners, Civil Societies, Donor Agencies, Governance Experts, Policy Analysts, Academia among others.

CONFERENCE CHARGES

**the cost caters for training fee, training materials, certificate and meals during the conference. 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 learning 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.

CONTACT

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

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