THE INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(established under the Accountant Act, Laws of Kenya)
Implications of Covid-19 on Audit and Auditors(Mandatory Training).
Date: 3rd July 2020
Time: 16:00 – 18:00 Hours
Covid-19 is impacting the audit process and the auditor, in the same way as it has done to almost every aspect of society. It is putting unprecedented strain on the audit firms, audit departments, the audit process and the planning. Many businesses are faced with operational difficulties. However, entities must remember that the restrictions resulting from the virus, will also impact financial reporting requirements and increase the focus on certain areas during audits.
This outbreak presents an opportunity for the audit profession to reflect on the recognition of its public interest responsibility, and to demonstrate its independence and resilience to external factors. Auditors should continue to apply the fundamental principles of integrity, objectivity, professional competence and due care, confidentiality and professional behavior,
Performing auditing procedures in the middle of this pandemic is troublesome for many auditors. In some cases, auditors may encounter scope limitations. This webinar will address some of those possible limitations, including:
- Accounting estimates and fare value measurement
- Confirming accounts
- Forecasting related to going concern
- Performing subsequent event procedures
- Performing physical inventory observations
- Accessing client records
- Understanding and testing internal control
- Obtaining management representations
CONTINUOUS PROFESSIONAL DEVELOPMENT UNITS (CPD UNITS):
Members of ICPAK and reciprocating professional bodies will be awarded 1 CPD Units upon successfully completion of the Webinar.
The Webinar charges are Kshs. 1,000.
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/
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 +254 733 856 262/ 727 531006 or via email to email@example.com.
We encourage members to regularly visit our website https://www.icpak.com/event-registration/ for updates.