Public sector is the heartbeat of any civilized country. Financial reporting is a key component of public sector accountability and transparency.  The Public Finance Management (PFM) Act 2012 and the PFM Guidelines 2016 provide a blueprint of how public finance resources must be accounted for, to achieve accountability and transparency in their utilization. Despite the existing legal frameworks which provide guidance on the utilization and accountability requirements in the public sector, a myriad of challenges still exist in realizing effective and accountable utilization of the public resources.

County governments particularly face unique challenges in the administration and accounting for public resources, which requires that they deploy more effort and resources to ensure compliance with the international public sector financial reporting frameworks and globally accepted concepts of best practice.

An efficient, effective, equitable and ethical public sector is vital to the successful implementation of policies, programs and projects in the country. This will be achieved through building and strengthening institutional capacity of public service, sound financial management, efficient and fair collection of taxes, and transparent processes.

The aim of the training is to enhance understanding of the best practices relating to the public sector and provide a premier interdisciplinary platform to discuss the most recent trends and concerns as well as practical challenges encountered, the current reforms and solutions adopted.

Some of the topics that we will discuss during the seminar include:

• Emerging developments in public sector financial reporting and ESG reporting
• Key challenges faced by the counties /public sector entities in financial reporting and Public Finance Management
• Budget implementation and effective budgeting considerations for the county governments and other public sector entities
• Dealing with the aspect of Pending Bills and strategies to ensure financial sustainability
• Effective governance and oversight considerations for public sector entities
• Preparation of financial statements effectiveness of financial reporting standards:
• Digitalization of the public sector financial accounting processes
• Redefining Public sector Taxation and impact on Suppliers to Government entities