THE INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(Established under the Accountants Act, Laws of Kenya)
Ask the Auditor General – Open Forum
Questions and answers on key matters affecting the audit landscape in the covid 19 pandemic.
THEME: Relevance, credibility, and voice of reason.
Date: 28th May 2021
Time: 4.00pm – 6.00pm
Venue /Platform: Virtual
The office of the auditor general is the state’s supreme audit institution and draws its mandate from the constitution of Kenya under chapter 12part 7 article 229.This article provides for nomination of the auditor general with approval of the national assembly and appointment by the president. This office is mandated by the constitution to audit and report on accounts of national and county governments, all funds and authorities for national and county governments, Judiciary accounts, commissions and independent offices established by the constitution, accounts of the national assembly, senate and county assemblies, political parties funded by public funds, public debt and any other entity that legislation may require the OAG to audit.
ICPAK being the state’s professional accountants’ body has majorly partnered with the OAG to promote accountability and transparency in the use of public resources. The partnership has made great strides centered on standardizing the reporting framework by national and county governments through sensitization and Implementation of accounting/auditing standards, among others.
In the wake of the covid 19 pandemic financial reporting and audit engagements have been adversely affected. The new normal has caused many changes in audit engagements which have been affected by movement restrictions, remote working models which have presented practical difficulties in audit processes. Auditors have also been forced to adopt technology in obtaining and sampling of financial information. While this exercise was already evolving with emergence of new technologies and constant automations, covid 19 has significantly accelerated the shift towards a ‘virtual audit’.
It is evident that the OAG bears vast knowledge and experience in matters assurance, safeguarding of public resources and interest therefore it is against these insights that ICPAK has organized this open forum to have candid discussion on major impacts, trends and innovations affecting the audit practice amid the covid 19 pandemic as well as critical feedback on needs of citizens and stakeholders with regards to financial reporting, performance and other non-financial information which is critical in this crisis period.
The following topics will form key areas of discussion in this webinar.
- Trending issues and key observations
- Remote work setting and its impact on audit engagements.
- Audit automations and leveraging on technology.
- Future of audit; post pandemic era
- Covid 19 audit considerations both in public and private sector
- Risk considerations while auditing in the pandemic environment
- Fight against graft and whistleblower frameworks
- Audit ethical standards, integrity, and objectivity
- Public debt
This is just a brief summary of what to expect as the conversation will be steered by you, the participant. Join us as we have a one on one discussion with the supreme audit institution.
CONTINUOUS PROFESSIONAL DEVELOPMENT UNITS (CPD UNITS):
Members of ICPAK and those from reciprocating professional bodies will be awarded 2 Structured CPD Units upon successfully completion of the Webinar.
The Webinar charges are Kshs. 1,000. Charges will cater for online video access fees, learning materials, and e-certificates of attendance.
Registration: Delegates are reminded to note that online booking for webinar is mandatory on https://www.icpak.com/event-registration/Online Booking. We call on Seminar participants to note that booking for is available only online at www.icpak.com/events and will close two hours before the training session. Delegates are reminded to note that online booking for training sessions 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 +254 719 074 100 or via email: firstname.lastname@example.org
We encourage members to regularly visit our website https://www.icpak.com for updates.