THE INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(Established under the Accountants Act, Laws of Kenya)
Audit Quality and Assurance – RECORDING
Theme: Implementing best practices in audit engagements and Quality assurance
Date: 10th -11th August 2022
Time: 9:00 –3:30pm
Venue: Virtual symposium
(This is one of the mandatory trainings for Practicing Certificate consideration)
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. A quality assurance audit is a documented, systematic process, performed in a planned manner by competent independent personnel with the objective of evaluating the application by an organization to the principles and requirements of defined quality regulations and customer.
In light of the above, the Institute has organized an Audit Quality Assurance workshop to promote awareness and understanding of the ISAs and the IAASB newly released series of ISA modules. 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 will cover the following topical areas.
- International Standards on Assurance Engagements (ISAEs)
- Emerging trends in the Audit Process
- ISA 540 –Auditing Accounting estimates
- Audit Documentations and Evidence
- International Standard on Quality Management (ISQM 1 AND ISQM2)
- ISA 220 – Quality Control for an audit of financial statements
- Identifying, Assessing and Reporting on Going Concern Issues
- Performing Risk Assessment Procedures
- Emerging issues on Ethics, Audit Risk and Reporting
- Leveraging technology to enhance the quality of audit and assurance engagements
- Expectations of AQA, AQR and AQM
Continuous Professional Development Units (CPD Units):
Members of ICPAK and reciprocating professional bodies will be awarded 10 CPD Units upon successfully attending each of the sessions.
Private and Public Sector Accountants, Heads of Internal Audit Units, External Auditors, Practitioners and Accountants in Academia.
Charges for the training will be Kes 10, 000/= which will cover workshop fees, materials, and e-certificates of attendance.
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)