ESSENTIAL ISSUES IN AUDIT: A PRACTICAL APPROACH
DATE: 23rd – 24th February, 2017
VENUE: Best Western Creekside Hotel, Mombasa
Theme: Equipping Auditors with Essential Auditing Skills
1.0 Overview
The purpose of an audit is to enhance the degree of confidence of intended users in the financial statements. This is achieved by the expression of an opinion by the auditor on whether the financial statements are prepared in all material respects, in accordance with an applicable financial reporting framework. {ISA 200- Overall Objectives of the Independent Auditor and the Conduct of an Audit in Accordance with International Standards on Auditing}.
Cognizance therefore has to be enhanced on essential issues in auditing i.e. audit planning, execution and audit conclusion. Of equal importance is the reporting process; incorporating preparers, those charged with governance and users of the financial statements.
In the wake of increased audit failures, ICPAK has organized a two-day workshop to address how auditors, preparers and users of financial statements can advance their understanding of the critical issues in auditing. This will be through discussion of well selected topics including regaining public confidence and maintaining public trust by learning the principal activities of the Audit and Assurance.
Learning Objectives
The aim of this workshop is to equip the participants with technical knowledge and professional judgement to identify, explain and evaluate alternatives and to determine the appropriate solutions to compliance issues, giving due consideration to the needs of clients and users. Ethical issues will also be considered in making such judgements.
Topics to be covered:
a) Audit Quality Assurance
-Purpose of the Audit & The Audit Process
-Statutory Audit Requirements
-Reviewing Audit Work
-International Standards on Quality Controls – ISQC1
b) Ethics and Governance
-Ethical standards and guidance for auditors
-Conflicts of interest and Auditor Independence & Legal Responsibility of Directors and Auditors
2.0 Target Audience:
Audit & Tax Practitioners, Audit staff, Audit firms’ consultants, aspiring practising members, audit committee members of public and private entities that require a reasonable knowledge of IFRS and Academicians.
3.0 Online Booking
Kindly note that booking for the Essential Issues in Audit: A Practical Approach 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. Delegates are advised that bookings close on 21st February 2017 at 1700 hrs.
4.0 Workshop Charges
Charges for this workshop are as provided below:
| Category | Charges |
| Associate Members | 6,950 |
| Members | 8,950 |
| Non Members | 10,950 |
5.0 Continuous Professional Development (CPD) Units – 14
Members of ICPAK and other reciprocating professional bodies will earn 14 CPD points upon successfully attending the Essential Issues in Audit: A Practical Approach workshop
Further information on this workshop is available online at www.icpak.com. Enquiries may be directed to us via telephone on +254 770 130549 or via email to joy.wanyonyi@icpak.com.
