Audit Staff Training - A Practical Approach (Mandatory Training)1

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

Audit Staff training -A practical approach – Recording
Theme: Promoting quality Audits
Date: 16h-17th November 2022
Time: 09.00am- 03.30pm
Venue: Virtual

(This is one of the mandatory trainings for Practicing Certificate consideration)

OVERVIEW

The audit practice continues to face challenges arising from either the expectation gap or the perception about quality of audit work. The responsibility for performing quality audits of financial statements rests with auditors. The auditor therefore needs to establish the areas of possible risk in an assignment and undertake appropriate measures to mitigate such risk. Under the circumstances, the auditor is expected to be ahead of the possible challenges and be able to obtain enough assurance and indemnity in mitigation of such risks.

In light of the above, the Institute has organized an Audit staff training workshop to promote awareness and understanding of the International Standards on Auditing. This training provides comprehensive coverage in topical form the duties audit staff typically perform at each step in their audit assignment. Through this training members will gain key knowledge on practical and hand-on skills on audit process including risk-based audit as per ISAs, engagement quality control, documentation and audit evidence, and an understanding of IFRS and IASs.

Thematic areas of discussions will include:

1. Audit Fundamentals

• Essential skills of a dependable audit staff
• ISA 300 – Planning an audit of financial statements
• ISA 320- Audit materiality

2. Risk Assessment- ISA 530 and ISA 330
3. Audit documentation and Engagement Quality review
4. Overview of International Financial Reporting Standards (IFRS) and International Accounting Standards (IAS)
5. International Standards on Quality Management-1&2 (ISQM 1&2)

ISA 540 –Auditing Accounting Estimates

CONTINUOUS PROFESSIONAL DEVELOPMENT UNITS (CPD UNITS):
Members of ICPAK and reciprocating professional bodies will be awarded 10 Structured CPD Units upon successfully completion of the Webinar.

FINANCIAL COMMITMENT:
The Webinar charges are Kshs. 10,000. Charges will cater for online video access fees, learning materials, and e-certificates of attendance

ONLINE BOOKING:
Registration: Delegates are reminded to note that online booking for webinar is mandatory on https://www.icpak.com/event-registration/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.

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 +254 719 074 000, (+254) 733 856262 or via email to onlinelearning@icpak.com.