Audit Quality Assurance Workshop – Nyanza Branch

THE INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA

(established under the Accountant Act, Laws of Kenya)

Audit Quality Assurance Workshop – Nyanza Branch

22nd – 23rd March 2018

VENUE: Acacia Premier– Kisumu

TIME: 9am to 4pm

Theme: Embedding Quality in Small and Medium size Practices (SMPs)

Auditors play a key role in contributing to the credibility of the Financial Statements on which they are reporting. As such, they have an obligation to carry out a quality audit to support their opinion of the Financial Statements. International Standards on Auditing (ISAs) and International Standard on Quality Control (ISQC) 1 provide guidelines to enable practitioners to carry out quality audits. It is critical that auditors are aware of these guidelines and are equipped to put them into practise in their day to day operations.

The majority of practioners in Kenya are in the category of Small and Medium size Practices (SMPs). SMPs face inherent challenges such as threats to independence and human resources due to their size and nature while implementing audit quality control policies and procedures. Despite these challenges, SMPs are expected to still carry out quality audits and comply with the Code of Ethics of Accountants and other relevant rules and regulations.

It is with this in mind that ICPAK has organized a two day workshop that will focus on enhancing quality in the day to day operations of SMPs. Participants will be engaged in discussing and formulating practical ways of implementing quality control and ensuring that they carry out quality engagements.

Learning Objectives

1. Create a deeper and practical understanding of the participants’ role in driving quality in their firms and engagements.
2. Equip participants with the tools to develop and implement quality control procedures in their practices.
3. Improve understanding of the professional ethics and NOCLAR and their application in SMPs
4. Overview of the role of client management in quality engagements and reporting
5. Highlight and provide solutions to challenges facing SMPs in the area of quality assurance

1.0 About the Workshop

This is an ICPAK’s Audit Quality Assurance Workshop – Nyanza Branch

2.0 About Kisumu-The Events Venue. (City Information for International Delegates who will attend)

Kisumu, officially known as Kisumu City, (and formerly Port Florence), is a quiet port town on the shores of Lake Victoria. Its located along Lake Victoria, Africa‘s largest inland lake and the world’s second largest freshwater lake after Lake Superior in the USA . Kisumu has lately become a favourite destination for conference tourism.  It has very unique tourist attractions that you may want to enjoy after your training like the:  Dunga Hill Camp, Impala Sanctuary, Kit Mikayi, Hippo Point, Kiboko Bay and  The Kisumu Museum

3.0 Continuous Professional Development Units (CPD Units)

Members of ICPAK and reciprocating professional bodies will be awarded 14 CPD Units upon successfully attending all workshop sessions

4.0 Target Audience:

This workshop will be most beneficial to delegates drawn from both the public and private sectors particularly; 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.

5.0 Financial Commitment

The charges for the two-day workshop are as follows:

 6.0 Workshop Travel and Accommodation Information (VERY IMPORTANT)

International and local delegates who will attend the event are advised to make their own preferred travel and accommodation arrangements to the event in advance- this is at delegates own cost

Delegates from other nationalities who want to attend are requested to check with their Kenyan Embassy/ High Commission for their travel requirements. We will assist with letters of invitation or any other confirmations that may be needed to facilitate issuance of VISAs

7.0 Special Needs

If you have special dietary or religious requirements, or should you need any particular assistance kindly refer to the event coordinator on emma.opiyo@icpak.com

8.0 Dress Code

The workshop dress code is Business Formal or Business Professional

9.0 Online Booking

We call on workshop participants to note that booking is available only online at www.icpak.com/events and will close on the 21^st March 2018 at 1700 hrs.  Delegates are reminded to note that online booking for events 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.

10.0 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).

11.0 Sponsorships, Partnership Opportunities & Additional Information

This workshop presents a unique opportunity for brand positioning and communication that will enjoy optimal visibility before potential targeted customers. Armed with significant purchasing power and decision-making authority, the audience are a key target group for businesses. Sponsorship opportunities range from item sponsorships, exhibitions, advertising and sub-event sponsorship within the major event

The workshop intends to attract over 40 participants drawn from both the public and private sectors presenting a rare chance for exhibitors and sponsors. Those interested in sponsoring the event can reach us through raphael.nguli@icpak.com

Further requests can be channelled to us via telephone calls on +254 733 856 262/ 727 531006 or via email to memberservices@icpak.com or emma.opiyo@icpak.com . We encourage members to regularly visit our website www.icpak.com for updates.