Audit Practice, Procedures and Auditing of ERP Software Workshop (Coast Branch)

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

Audit Practice, Procedures and Auditing of ERP Software Workshop (Coast Branch)
Date: 3rd -4th July 2025
Time: 09.00am -3.30pm
Venue: Pride Inn Hotel, Diani.

Overview

Across the globe, audit failures continue to expose critical gaps in risk identification, fraud detection, and documentation quality. This is despite significant investment in tools and training. These persistent deficiencies, often flagged in regulatory inspections, point to a deeper issue: the need for a transformative shift in audit practice. As emerging technologies, complex fraud schemes, and tightening regulatory demands reshape the audit landscape, traditional procedural audits are no longer sufficient. Instead, auditors must adopt a more strategic, investigative, and risk-responsive approach to remain relevant and effective.

In Kenya, this global shift is echoed through growing pressure on the audit profession to meet the heightened expectations of regulators, boards, and the investing public. The profession is moving decisively toward risk-based auditing and value-driven assurance, demanding rigorous application of the International Standards on Auditing (ISAs). Central to this evolution are the revised ISA 315, which focuses on robust identification and assessment of risks of material misstatement, and ISA 220 (Revised), which emphasizes quality management at the engagement level. These standards are not only compliance tools – they are frameworks for delivering insightful, high-quality audits in a dynamic business environment.

Many audit practitioners in Kenya today experience difficulties auditing financial statements of firms prepared using Enterprise Resource Planning (ERP) systems. This challenge is particularly more pronounced for audit firms in the small category operating either as sole proprietorship or as small partnership. A fundamental challenge faced by these firms revolves around inadequate financial resources and human resource to support deployment of effective audit skills and technical competencies for ERP systems of their clients.

In today’s digital economy, Enterprise Resource Planning (ERP) systems are becoming the norm rather than the exception for many businesses as they seek to enhance efficiency in their operations. It is therefore becoming increasingly important that audit practitioners of all categories and in all sectors of the economy have the requisite capacities to undertake effective audit of ERP based systems. Indeed, ERP today plays a pivotal role in managing an organization’s financial data, operations, and resources. As businesses increasingly rely on complex ERP platforms, the need for auditors to understand and competently audit these systems has become essential. However, many accounting professionals have limited formal training on how to approach the unique risks, controls, and audit techniques specific to ERP environments.

Based on these crucial developments, ICPAK has organized a 2-day CPD event focused on equipping its members with the knowledge and practical skills required for an audit engagement with special focus on audit of ERP systems. The training focuses on following topics:

1. Enhancing Risk-Based Audit Planning through Updated ISA Guidance
• Practical application of ISA 315 (Revised 2019) on identifying and assessing risks.
• Designing tailored audit responses for evolving organizational environments.
• Embedding analytics in preliminary audit planning and walkthroughs.
• Incorporating risk evaluation into engagement team discussions.
2. Audit Execution and Documentation Standards in the Digital Era
• Effective use of ISA 230: Audit documentation essentials and recent expectations.
• Leveraging audit software tools to standardize working papers.
• Addressing audit file quality issues and avoiding recurring review points.
• Ensuring documentation meets regulatory and quality review requirements.
3. An overview of ISA for Less Complex Entities (LCEs)
4. Introduction to ERP systems: overview of types and modules
5. Overview of IT General Controls Review (ITGCs) for major ERP Systems
6. Key risks and internal controls with ERP systems: security, data integrity and change management
7. Planning an ERP Audit
8. Practical session: ERP audit simulation

Target Audience:

This workshop will be useful to all professional Accountants and those aspiring to join the profession.

Continuous Professional Development Units (CPD UNITS):
Members of ICPAK and those from reciprocating professional bodies will be awarded 14 Structured CPD Units upon successfully completion of the workshop.

Financial Commitment:
The workshop charges are Kes. 10,000. Charges will cater for the workshop fees, learning materials, and e-certificates of attendance.

Online Booking:
Registration: Delegates are reminded to note that online booking for the workshop is mandatory on https://www.icpak.com/event-registration/Online Booking We call on workshop participants to note that booking is available only online at www.icpak.com and will close one day before the training session. Delegates are reminded to note that online booking for the training is mandatory.

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)

Further requests can be channeled to us via telephone calls on, +254 0732352476 ,  or via email to Ainan Mohamed  at ainan.mohamed@icpak.com with a copy to memberservices@icpak.com.

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