THE INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(Established under the Accountants Act, Laws of Kenya)
INAUGURAL EXTERNAL AUDITORS VIRTUAL CONFERENCE (Mandatory Event)
Theme: Audit Quality Considerations During the Pandemic
Date: 15th – 16th December 2020
Time: 08.30-16.00 Hours
The audit practice has been undergoing drastic developments in the recent past. Concerns on audit quality has been a key issue that continues to draw critical attention from the public and other stakeholders who rely on audited financial statements to make key business decisions and judgements.
Even before these quality considerations get addressed fully, the COVID-19 pandemic comes along and with it arise new complexities which have impacted the profession in a profound way. The audit approach requires far reaching realignments from the way in which the audit procedures are undertaken to the presentation and signing off the audit report.
The impact of these new developments spans across the private and public audit landscapes and the complexities arising from the global developments around the profession call for concerted efforts aimed at not only maintaining the quality of the audits undertaken, but equally reassure the public that the audited financial statements can be relied upon. This trust aspect must be maintained at all costs if the audit practice must continue gaining the expected confidence and trust of the public.
It is against this background that the Institute has organized a two-day virtual Conference to discuss these critical development which affect the Audit Practice and Accountancy Profession and seek to address the arising concerns of audit quality during the COVID-19 pandemic.
To guide the discussion during the conference, the following topics of discussion will form the focus of this very important virtual event.
- Auditing during COVID-19: Experiences of a Supreme Audit Institution during the Pandemic environment
- a) Recent developments in the Audit Practice; Case studies and lessons to be learned – are regulators overly punitive to Audit Firms?
- b) Recent developments and commentary from Representatives of Regulated Services – Financial Services Sector
- Audit approach and evaluation of COVID-19 and other uncertainties; A focus on key affected IFRSs and ISAs.
- Mobilizing Your Workforce remotely
- Independence and Governance issues – A critical focus on practitioners and possible way-out regarding Going Concern considerations.
- Key findings of the Audit Quality Reviews – Major concerns and practical responses to the issues
- Leveraging technology to deliver required efficiencies and quality in audit assignments
- ICPAK Council Updates & Planning ahead
CONTINUOUS PROFESSIONAL DEVELOPMENT UNITS (CPD UNITS):
Members of ICPAK and those from reciprocating professional bodies will be awarded 1o CPD Units upon successfully attending each of the Conference sessions.
Private and Public Audit Practitioners, Public Sector Accountants, Chief Finance Officers, Finance Directors and Managers, Tax Experts, Transaction Advisors, Engagement Partners and Key Audit staff, Banking, Extractive and SMEs sector accountants, Internal Auditors, Tax Practitioners, Professionals working in County Governments and private sectors, Academia, employees of the NPO Sector.
Charges for the training will be Kes10,000/= which will cover workshop fees, materials, and e-certificates of attendance.
We call on Conference participants to note that booking 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 email to firstname.lastname@example.org with a copy to email@example.com or telephone call on +254 719 074100. We encourage delegates to regularly visit our website www.icpak.com for updates.