THE INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(Established under the Accountant Act, Laws of Kenya)
Audit Quality Assurance Seminar – (Western Branch)
Date: 15th – 16th April 2021
Venue: Golf Hotel – Kakamega
The turbulent events of the global financial crisis have highlighted the critical importance of credible, high-quality financial reporting. They have also demonstrated the importance of considering the role of audit quality in the broader context of quality financial reporting. Achieving quality financial reporting depends on the integrity of each of the links in the financial reporting supply chain.
As one of those links, the external audit plays a major role in supporting the quality of financial reporting around the world, whether in the context of the capital markets, the public sector or the private or non-public sector. It is an important part of the regulatory and supervisory infrastructure, and thus an activity of significant public interest. Audit quality is therefore a matter of high importance for the IAAS
The institute introduced the Audit Quality Assurance Review monitoring programme AQAM in the year 2006, under the Registration and Quality Assurance Committee – RQAC of the council. Main objective of audit quality reviews is to allow a view to be formed on the quality of audit work carried out by firms and helps firms identify and design appropriate remedial actions where necessary. Since inauguration to date a total of 760 Audit firms have been reviewed. The Institute ensures that its CPD Program also helps the auditors in enhancing their Audit Quality. Hence Audit Quality Assurance training is mounted. This training provides comprehensive coverage in topical form the essentials of Audit Quality Assurance.
Through this training participant will gain key knowledge on how Covid 19 has impacted audit procedures and gain practical and hand-on training on audit processes including audit documentation, completion and reporting as required by IASs. Further, the participants will learn how on to perform special audit assignments as per ISAs 800 and 805 as well as responsibility for audit quality as highlighted below;
- International Standards on Quality Management-1&2 (ISQM 1&2)
- Impact of Covid 19 on the Audit Process
- Special considerations Audit ISA 800 and 805
- Documentation of audit evidence
- Audit Completion, Review and Reporting
- Responsibility for Audit Quality
This training is mandatory for all Audit Practitioners as well as staff working in external audit assignments. All members who would wish to practice in the future. Please note that this is one of the mandatory training for practicing certificate consideration.
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.
The workshop charges are Kshs. 10,000. Charges will cater for the workshop fees, learning materials, and e-certificates of attendance
Registration: Delegates are reminded to note that online booking for the workshop is mandatory on https://www.icpak.com/event-registration/Online Booking
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 request can be channeled to us via telephone on: +254 729170478, 0719074100/129, or via email to Linet Andeyo at: email@example.com with a copy to: firstname.lastname@example.org
We encourage members to regularly visit our website https://www.icpak.com for updates.