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
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
|Category||Early Bird Registration
Booking & Payment on or before 30/07/2019
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).
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 email@example.com
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