THE INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(Established under the Accountant Act, Laws of Kenya)
Audit Quality Assurance Workshop
(This is one of the Mandatory Trainings for Practicing Certificate Consideration)
Date: 11th – 12th August 2021
Venue/Platform: Virtual Symposium /Zoom.
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. Considering the fact that Covid 19 has impacted audit procedures, audit quality can be achieved in an environment where there is support from, and appropriate interactions among participants in the financial reporting supply chain. 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. The institute introduced the Audit Quality Assurance Review monitoring programme with the main objective of carrying out audit quality reviews to allow a view to be formed on the quality of audit work carried out by firms and help firms identify and design appropriate remedial actions where necessary.
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)
Impact of Covid 19 on the Audit Process
ISA 540 –Auditing Accounting estimates
Audit Documentations and Evidence
International Standard on Quality Management
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
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.
CONTINUOUS PROFESSIONAL DEVELOPMENT UNITS (CPD UNITS):
Members of ICPAK and reciprocating professional bodies will be awarded 10 Structured CPD Units upon successfully completion of the Webinar.
The Webinar charges are Kshs. 10,000. Charges will cater for online video access fees, learning materials, and e-certificates of attendance
Registration: Delegates are reminded to note that online booking for webinar is mandatory on https://www.icpak.com/event-registration/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.
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)
The training presents a perfect opportunity for organizations to showcase their products & services to a target group with high purchasing powers, both on personal and corporate levels. You will also have a unique opportunity for brand positioning and communication that will enjoy optimal visibility. Armed with significant purchasing power and decision-making authority, the audience are a key target group for businesses. For more information or enquiries please email email@example.com.
We encourage members to regularly visit our website https://www.icpak.com for updates.