Audit Quality Assurance Seminar

THE INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA

(established under the Accountant Act, Laws of Kenya)

Audit Quality Assurance Seminar

DATE: 1st to 2nd August 2017

VENUE: HILTON HOTEL, NAIROBI

TIME: 8am to 5pm

The International Standard on Quality Control No. 1 by IFAC (ISQC 1) provides a sustainable structure for firm-wide quality control, allowing firms to holistically raise the quality of their work. Expectations by stakeholders and rapidly evolving of regulations, quality assurance is therefore taking a centre stage for all the auditors.

Themed, “Enhancing Quality Assurance by Audit Firms in Kenya”, the Institute in recognition of the above is organizing a two-day workshop to focus on the importance of Leadership Responsibilities for Quality within the Firm; Relevant Ethical Requirements; Acceptance and Continuance of Client Relationships and Specific Engagements; Human Resources; Engagement Performance and Monitoring

It is the desire of the Institute to have its members updated and equipped of this issues and therefore invites all practitioners to this very important workshop aimed at addressing;

• The background of Audit Quality Assurance (AQA)
• Why Quality Assurance
• Objective
• Key definitions
• Elements & Scope of ISCQC
• Applying, and Complying with, Relevant Requirements
• Importance of documenting procedures
• Independence, Acceptance and continuance
• procedures for the acceptance and continuance
• evaluation of firm’s competence
• evaluation of integrity of the client
• dealing with conflict of interest
• the legal framework eg rotation requirements
• Leadership and Human resources
• Policies and procedures
• The ultimate leader
• Assignment of Engagement Teams
• Quality of Engagement Teams
• Engagement performance and Monitoring
• Policies and procedures
• Consultation
• Engagement quality control review
• Criteria for the Eligibility of Engagement Quality Control Reviewers
• Documentation of the Engagement Quality Control Review
• Differences of Opinion
• Engagement Documentation
• Retention of engagement documentation
• Monitoring the firm’s quality control policies and procedures
• Evaluating, Communicating and Remedying Identified Deficiencies
• Complaints and Allegations
• Ethical requirements
• Policies and procedures for Independence requirements
• Handling breaches of independence
• Independence confirmations
• Challenges and Solutions to the quality question
• Size of farm
• Costs
• Technical skills
• Training and development
• 1.0 Target Audience:

Audit & Tax Practitioners, Staff of audit firms, Those consulting for audit firms and ICPAK members & holders of foreign accountancy qualifications

2.0 Online Booking

Kindly note that booking for the Audit Quality Assurance Seminar 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 urged to note that the bookings close on 31^st July 2017 at 1700 hrs

3.0 Audit Quality Assurance Seminar Charges:

The Charges for Audit Quality Assurance Seminar which cover seminar materials, meals, and e-certificates of attendance is as provided under;

4.0 Continuous Professional Development Units – 14

Members of ICPAK and other reciprocating professional bodies will earn 14 CPD points upon successfully attending Audit Quality Assurance Seminar

5.0 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).

6.0 Sponsorship Opportunities & additional information

The Audit Quality Assurance Seminar attracts over 150 participants drawn from both the public and private sectors presenting a rare chance for exhibitors and sponsors. Those interested in sponsoring this event can reach us through raphael.nguli@icpak.com

Further requests for the Audit Quality Assurance Seminar can be channeled to us via telephone calls on +254 733 856 262/ 727 531006 or via email to emma.opiyo@icpak.com. We encourage you to regularly visit our website www.icpak.com  for more update