ISA for Less Complex Entities Course

THE INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(Established under the Accountants Act, Laws of Kenya)

ISA for Less Complex Entities Course
Date: 23rd -24th October 2025
Venue: CPA Centre,  Nairobi
Time: 09.00am-03.30pm

Overview

The International Standards on Auditing (ISA) prescribe the principles and practices, which auditors are expected to follow in the conduct of Audit. They provide minimum guidance to the Auditor that helps determine the extent of auditing steps and procedures that should be applied in the audit and constitute the criteria or yardstick against which the quality of audit results are evaluated. Conducting audits in accordance with standards gives necessary assurance to people making use of the financial statements and audit reports.

Large complex organizations typically require a more in-depth application of these full ISAs given their scope of business and applicability. However, many small and medium-sized enterprises (SMEs) and less complex entities (LCEs) often face challenges in applying full ISAs in a way that suits their unique structures and needs.

The introduction of the International Standards on Auditing (ISA) for less complex entities (LCEs) is a response to the growing recognition that smaller and less complex organizations face unique challenges in complying with full ISAs. These standards are intended to reduce the burden of compliance while maintaining the integrity and quality of audits.

This course is designed to help auditors understand and apply ISA specifically tailored for Less Complex Entities (LCEs). It aims to bridge the gap between the International Standards on Audits (ISA) and the operational realities of SMEs.

The following topics will be covered:
1. Introduction to ISA for Less Complex Entities
• Background
• The rationale for ISA for Less complex entities
• Public interest overriding consideration

2. Differences between ISA for Less complex entities and existing ISAs

3. Core concepts of ISA for Less Complex entities
• Fundamental Concepts, General Principles and Overarching Requirements
• Audit Evidence and Documentation
• Engagement Quality Management
• Acceptance or Continuance of an Audit Engagement and Initial Audit Engagements
• Planning
• Risk Identification and Assessment
• Responding to Assessed Risks of Material Misstatement
• Concluding
• Forming an Opinion and Reporting
• Audits of Group Financial Statements

Target Audience:
This course will be useful to professionals in the Audit and accounting sector with bias on assurance professionals and specifically:
• Auditors working with small and medium-sized entities (SMEs) and less complex entities (LCEs).
• Audit firms seeking to enhance their audit practices for smaller clients.
• Professionals involved in the development, implementation, and application of auditing standards for SMEs.
• Accounting and auditing students who aim to specialize in auditing LCEs
• Supervisors in external audit, internal audit and compliance
• Mid-level managers looking to enhance their auditing skills
• Individuals responsible for overseeing audits or teams involved in auditing

Continuous Professional Development Units (CPD Units):

Members of ICPAK and reciprocating professional bodies will be awarded 10 CPD Units upon successfully attending each of the sessions.

Cost:
Charges for the training will be Kes 18,500/= which will cover course fees, materials, and e-certificates of attendance.

Target Audience:

This course will be useful to all professional Accountants and those aspiring to join the profession

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 at marketing@icpak.com.

We encourage members to regularly visit www.icpak.com  for updates.