THE INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(established under the Accountant Act, Laws of Kenya)
AUDIT QUALITY ASSURANCE WORKSHOP
Theme: Audit Quality: A Globally Sustainable Approach
Date: 20th – 21st February 2020
VENUE: Merica Hotel, Nakuru
TIME: 8.30am to 4.30pm
The audit practice continues to face challenges arising from either the expectation gap or the perception about quality of audit work. The responsibility for performing quality audits of financial statements rests with auditors. However, audit quality is best achieved in an environment where there is support from, and appropriate interactions among, participants in the financial reporting supply chain.
The International Auditing and Assurance Standards Board promulgates standards whose objective is to ensure that auditors perform quality audits whose goal is public interest. To promote awareness and understanding of the ISAs, the IAASB has released a second series of ISA modules, focusing on some of the new and more significantly revised ISAs. These modules cover ISAs that address materiality in planning and performing an audit of financial statements, the evaluation of identified misstatements, written representations, using the work of an auditor’s expert, and auditor reporting.
The workshop is aimed at reminding members of their primary objective to establish an environment that promotes quality audits while also ensuring that they remain competent to address changes in the environment which requires dynamism when auditing. It is also expected that the course will discuss the need for a convergence between stakeholders to influence quality of audits and shall include the role of ICPAK in ensuring compliance through quality reviews.
Topics to be covered include:
Auditors opinion reports and Key Audit Matters
New International Standards:
- International Standard on Related Services (ISRS) 4400- Agreed-Upon Procedures Engagements and ISRRS 4410 -Compilation Engagements
- International Standard on Review Engagements ISRE- 2400 and 2410 ISRE- Review of Interim Financial Information Performed by the Independent Auditor of the Entity”
- International Standard on Assurance Engagements (ISAE)
3. Audit procedure-Pre-engagement procedures, audit planning, documentation of audit evidence, completion and reporting (ISAs)
The International Organization of Supreme Audit Institutions (INTOSAI) & The International Standards of Supreme Audit Institutions (ISSAI)- (External Audit Standards for public entities)
SMP practical training on:
- ISQM1 and 2
SMP Practice Management:
- Procedure on coming up with charge out rates
- Overview of ICPAK Software
- Planning for your firm
- Practice models & networks
- Technology & e-business
Associate Members, Internal & External Auditors, Accountants, Staff Working in Audit Firms owned by Members, Members in Practice, Preparers of IFRS Financial Statements, Non-Auditors with Internal Control Responsibilities, Academicians and Consultants.
Kindly note that booking is available either online at www.icpak.com/events
Delegates are advised to book early for planning purposes.
Charges for this forum are as provided below:
Continuous Professional Development (CPD) Units