Principal Accounting Standards Officer Asb 5 at Public Sector Accounting Standards Board (PSASB)

Job Purpose

• To support the formulation, implementation and dissemination of public sector accounting standards by conducting technical research, developing reporting templates and guidelines, providing technical assistance and training to entities, and contributing to compliance, capacity building and continuous improvement of financial reporting practices across the public sector. 

Job Specification

For appointment to this position, an applicant must have:

• A cumulative period of nine (9) years’ relevant work experience, three (3) of which in the grade of Senior Accounting Standards Officer or in an equivalent or comparable position
• Bachelor’s degree in any of the following disciplines:- Finance, Accounting, or equivalent qualifications from a recognized and accredited institution;
• Hold a professional qualification such as CPA (K) or ACCA or any other relevant professional qualifications;
• Be a member of ICPAK in good standing or any other recognised professional body.
• Certification in IFRS and/or IPSAS.
• Certificate in Management Course lasting not less than four (4) weeks from a recognized institution.
• Proficiency in computer applications; 
• Shown merit and ability as reflected in work performance and results

Duties and Responsibilities

• Formulate accounting standards for public sector entities under the IPSAS and IFRS frameworks;
• Develop formats for financial statements and reporting to enable all state organs and public sector entities to comply with the prescribed standards;
• iConduct research towards standard setting activities in the Directorate;
• Prepare responses to the consultation papers and exposure drafts issued by the international standard setting bodies;
• Review draft reports, letters, circulars and other communication materials to the public sector entities;
• Review training materials for the dissemination of accounting standards in the public sector; 
• Plan capacity building programs and standards dissemination activities in the directorate;
• Participate in capacity building of public sector entities on standards, templates, guidelines and accounting best practices;
• Participate in implementation of accrual accounting for public sector entities;
• Prepare guidelines on accounting standards and best practices;
• Provide technical assistance to public sector entities to comply with the set standards;
• Supervise dissemination of standards, guidelines, and other materials;
• Maintain and update database for all public sector entities from time to time.
• Implement risk management strategies and business continuity plans in the Accounting Standards Directorate;
• Participate in publishing and publicizing prescribed Accounting Frameworks, Standards, & guidelines for all public sector entities;
• Participate in the process of prescribing the minimum standards of maintenance of proper books of accounts for National and County Government entities;
• Provide input on gazettement and the effective dates of implementation of IPSAS and IFRS Standards, Frameworks & guidelines;
• Develop learning materials for use in capacity building programs for public sector entities;
• Participate in public participation in the development of guidelines and manuals for Government entities reporting under IPSAS and IFRS Standards;
• Assist in preparation responses on technical enquiries from Public Sector Entities on the implementation of IFRS and IPSAS;
• Assist in preparation directorate’s reports and board papers
• Mentor and coach staff within the section;