ANNUAL INTERNAL AUDIT CONFERENCE

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August 14, 2019 @ 8:00 am - August 16, 2019 @ 5:00 pm

| Ksh 65000

INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA

 (Established under the Accountant Act, Laws of Kenya)

THE ANNUAL INTERNAL AUDIT CONFERENCE

Theme: Leveraging on Internal Audit to Attain Organizational Goals

Date: 14th – 16th August 2019

Venue: Sarova Whitesands Beach Resort & Spa, Mombasa, Kenya

Preview

Internal Audit plays a very strategic role in the management of organizations, both public and private. This is achieved through evaluation of internal controls and proper mechanisms of risk management among other tasks. However, internal audit is not the first line of defense against exposures to risks; organizations must develop effective policies and need to have a pragmatic management to oversee its affairs.

While the Internal Audit is expected to be independent, this is not guaranteed since a good part of their activities rely on management support, therefore its effectiveness is affected by the tone at the top. Internal Auditors have to develop synergy with the board and other key players such as the External Auditors in order to properly execute their mandate. Internal auditors also have to adhere to a code of ethics in their work in addition to application of ICT for them to be effective.

This annual conference has been organized once more to shed light on the subject matters below.

  • The Internal Auditor and the Public Audit Act

The Public Audit Act was formulated in 2015 with an enhanced corporation between the external and internal auditor in the execution of the audit for public sector audits. This discussion will review the expectations on internal auditors as per this law.

  • Ethics, integrity and internal auditors

There have been reported cases of professional misconduct by accountants. Internal auditors face more scrutiny since they are expected to be the watchdogs. Possible reasons including lack of integrity and professional ethos have been identified. The discussion will highlight the ethical requirements for internal auditors and how they can conform to the professional code of conduct.

  • Positioning internal auditors in governance of risks

Risk management plays an important role in the strategic management of organizations. The internal auditors often are seen to be the chief risk managers in organizations and therefore have a significant role in the overall management of risks.

  • Cyber security and the role of internal auditors

Enhanced use of computerized systems has opened up a new exposure to risks which complicates the internal auditors’ work due to the dynamic technology. This motion will assess the role played by internal auditors relating to cyber security threats and risks.

  • Relooking the effectiveness of audit committees in public sector

The National Treasury formulated guidelines requiring public sector entities to form audit committees which are supposed to be independent. Internal Auditors normally report directly to the audit committees. The effectiveness of these committees has been questioned in the face of the many scandals and audit queries relating to public entities. The discussion will highlight the measure that can be put in place to ensure the committees are effective in delivering their mandate.

  • Corporate frauds and the role of internal auditors

There have been several cases of frauds reported in the country lately relating to both the private and public enterprises. This brings into focus the role played by internal auditors in relation to the frauds. This motion seeks to highlight the role internal auditors can play relating to frauds and scandals in organizations.

  • Automation of Internal Audit Function: Opportunities and Challenges

The automation of business operations has led to most companies using accounting systems or Enterprise Resource Planning (ERP) softwares. The Internal auditors have to automate the internal audit operations to match with the client. Several auditing softwares exist in the market and internal auditors can make use of in the course of their work. The discussion will highlight the audit softwares available and discuss the opportunities and challenges presented by the automation of internal audit operations.

  • The synergy between Internal Auditors and External Auditors

The internal and external auditors are expected to work in synergy to avoid duplication of audit effort. By way of panel discussion this motion seeks to find ways of ensuring there is synergy between internal and external auditors in the course of their work.

  • Emerging trends in internal audit

The dynamic nature of business operations means that there are new issues every often relating to the internal audit operations. This motion will highlight the recent developments in the internal audit practice

CHARGES

Category Early Bird Registration

Booking & Payment on or before 30/07/2019

Normal Registration

Booking & Payment or LSO/LPO received by ICPAK after 30/07/2019

Associate Members/Accounting Trainees Ksh. 50,000 Ksh.60,000
Kenyan based Members/ACCA Members and IFAC PAOs Ksh. 65,000 Ksh. 70,000
Non-members Ksh. 70, 000 Ksh. 75,000

CONTINUOUS PROFESSIONAL DEVELOPMENT UNITS

Members of ICPAK and those from other reciprocating professional bodies will earn 20 CPD units upon successfully attending the 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 conference 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. Sponsorship opportunities range from cocktail, gala, media sponsorships, exhibitions and advertising. For more information or enquiries please email raphael.nguli@icpak.com

Further requests can be channeled to us via telephone calls on +254 719 074 000/215 or via email to elsie.nyambura@icpak.com;  with a copy to memberservices@icpak.com

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

Details

Start:
August 14, 2019 @ 8:00 am
End:
August 16, 2019 @ 5:00 pm
Cost:
Ksh 65000
Event Category:

Organizer

ICPAK
Website:
icpak.com

Other

CPD Hours
20
Associates Member Cost
Ksh 60,000
Full Member Cost
Ksh 70,000
Non Member Cost
Ksh 75,000
Event Type
Conference
Status
Closed
Associate Member Discount
10000
Full Member Discount
5000
Non Member Discount
5000
Discount Date (yyyy-mm-dd)
2019-07-30

Venue

Sarova Whitesands Beach Resort & Spa Mombasa
Mombasa,
+ Google Map
Phone:
+254 727 531006
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About ICPAK

ICPAK is an Institution
mandated to protect and uphold public interest
as well as develop and regulate the accountancy profession in Kenya.

Member Of:

Contact Information:

P.O BOX 59963-00200,
CPA Center, Ruaraka, Thika road.
Nairobi, Kenya.
Telephone Line (Main) : +254 719 074 000
Mobile: +254 719 074 000
Email: icpak@icpak.com

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