THE INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(Established under the Accountants Act, Laws of Kenya)
Audit Quality Assurance Workshop (Mandatory Training) – Recording
Theme: Enhancing integrity and reliability in financial reporting
Date: 26th _ 27th July 2023
Time: 9am-3:30pm
Venue: Online
(This is one of the mandatory trainings for Practicing Certificate consideration)
Overview
Audit quality assurance refers to the processes and measures implemented by audit firms or organizations to ensure the delivery of high-quality audit services. The objective of audit quality assurance is to enhance the reliability, credibility, and effectiveness of the auditing process, thereby promoting confidence in financial reporting and maintaining the integrity of the profession. With the huge reliance of financial information by the public to make informed decisions regarding investments, loans, and other financial transactions AQA plays a pivotal role in ensuring accuracy and reliability through facilitation of audits that are conducted with integrity, objectivity, and adherence to professional standards. In addition to this AQA also plays a major role in Investor Protection, Public Trust and Confidence, Corporate Governance and Accountability and adherence to regulatory Compliance requirements which contributes to a stable and trustworthy business environment.
In compliance with the International Federation of Accountants (IFAC) Statements of Membership Obligations (SMOs), ICPAK undertakes its regulatory mandate and oversight of the audit firms and practitioners in the Kenyan market to ensure adherence to audit quality requirements and upskill its membership on changes in standards and regulations. It is against this background that the Institute has organized this two-day Audit Quality Assurance workshop to promote awareness and understanding of the ISAs and the IAASB modules as well as share knowledge on emerging issues and experiences across the practice.
The key topical areas below will guide the discussion during this important virtual workshop.
- International standards and assurance engagements updated on ISA’s.
- ICPAK AQA Process, expectations, and an analytical report on AQA Findings for firms in Kenya
- Quality management standards ISQM 1 ,2 and ISA 220
- Identifying, assessing, and reporting on going concern
- Risk assessment procedures and emerging issues on ethics, Audit risk reporting
- Accounting estimates; ISA 540, quality management and management representations
- Audit documentation; ISA 230, inherent audit risk, SME audits in minimum documented entities
- International standard on assurance engagement (ISAE) 3000 revised
- operating effectiveness of controls under ISAE 3402
- Materiality and assurance engagement risk
- Engagement acceptance and continuance, preparing assurance reports.
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 Brenda Imali at brenda.imali@icpak.com with a copy to memberservices@icpak.com
We encourage members to regularly visit our website https://www.icpak.com for updates.
