Audit Practical Skills Workshop (mandatory training)

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

Audit Practical Skills Workshop (mandatory training) – Recordings
Theme: Bridging the Practical Audit Skills Gap in a Rapidly Evolving Risk and Technological Environment
Date: 17th -18th June 2025
Time: 09.00am- 03.30pm
Mode of Delivery: Virtual
(This is one of the mandatory trainings for Practicing Certificate consideration)

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.

The rising prevalence of fraud and financial misconduct has further elevated the role of the auditor. Modern auditors are expected to strengthen their forensic capabilities, leveraging data analytics and applying enhanced professional skepticism to detect anomalies and respond to fraud risks early. At the same time, tightening Anti-Money Laundering (AML) laws have expanded the auditor’s remit to include scrutiny of financial flows for indicators of money laundering, terrorism financing, and other illicit activities. This signals a broader shift: auditors are increasingly becoming agents of financial integrity and regulatory accountability.

Compounding these challenges are today’s volatile economic conditions – marked by inflation, geopolitical instability, and supply chain disruptions – that can trigger significant post-reporting events. IAS 10: Events After the Reporting Period remains a vital standard in this context, requiring auditors to exercise sound judgment in identifying and disclosing such events to maintain the integrity and relevance of financial statements. Misclassification or oversight can materially mislead stakeholders and erode trust.

At the foundation of effective audit delivery is audit quality control, as set out in ISQM 1 and ISA 220 (Revised). These standards emphasize a proactive, risk-based system of quality management that supports consistent, high-quality engagement performance. However, without robust documentation, as prescribed by ISA 230, even the most well-intentioned audit procedures may fall short. The complexity of accounting estimates, evolving judgments, and accelerating technological integration demand that auditors continuously enhance their ability to evaluate audit evidence, apply judgment, and maintain thorough documentation.

Recognizing these multifaceted demands, the forum concludes with a renewed focus on ethical resilience, professional growth, and the development of adaptive capabilities. As auditors face expanding roles and increased public scrutiny, soft skills—such as communication, leadership, ethical decision-making, and client management—are no longer optional; they are critical enablers of success. This forum is therefore designed not only to advance technical mastery but also to empower audit professionals to lead with confidence, integrity, and agility in today’s complex assurance landscape.

Key Focus Areas

This Training is divided into the following modules covering various aspects.

 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 reciprocating professional bodies will be awarded 10 CPD Units upon successfully attending the session.

Cost:

Charges for the training will be Kes 10,000/= which will cover workshop fees, materials, and e-certificates of attendance.

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.   This is available either online at www.icpak.com/events  or on the ICPAK Live – A smart phone-based application that is available from google store.

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  to marketing@icpak.com.

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