Audit Staff Training Workshop

THE INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA

(Established under the Accountant Act, Laws of Kenya) 

AUDIT STAFF TRAINING WORKSHOP

Theme: Auditing and automation

Venue:  Hilton Hotel

Date: 14^th – 15^th November 2019

Time: 9am – 4pm

With technological advancements happening so fast and impacting almost every sphere of life, auditing has not been left behind and technology continues to impact the environment of audit in a tremendous way. Automation of the audit process, use of artificial intelligence and machine learning are some of the ways which have been deployed in the auditing process with a big impact in the way audits have been planned and executed. Block chain and other emerging technologies have also been introduced to make the process of auditing more efficient and with enhanced output within shorter time frames.

With recent cases of finger-pointing at the auditor for mis-identification of risks within an organization, the attendant blame and discontent from the public demonstrate how vulnerable the auditor has become in the discharge of his duties. This calls for more innovative and advanced ways of doing the audit work. In view of this, technology by way of automation can remove some of the challenges so far experienced and give more acceptable outcomes of the audit.

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 recognition of these demands to its members, ICPAK has organized this training to assist audit staff appreciate the risks they are exposed to in the course of their work and the possible ways of mitigating the same through use of technology and other tools available within the emerging technological environment.

At the end of this course, the participants will be able to;

1. ISA 250 – Consideration of Laws & Regulations in an Audit and Non-Compliance with Laws & Regulations (NOCLAR)

2. Auditor reporting: New/revised ISAs and what’s in the horizon

3. ISA 240 – Fraud & Management override of controls

4. ISA 450 – Evaluation of Misstatements during Audit

• documentation of errors
• enhancing audit procedures
• schedule of un-adjusted errors
• disposing audit findings

ISA 260 – Communication with TCWG

ISA 265 – Communication Deficiencies in Internal Controls to TCWG and management

5. IFRS 9 – Financial Instruments

6. IFRS 15 – Revenue from contracts with customers

7. IFRS 16 – Leases

8. Controls testing vs substantive testing: A practical approach

1.0 Target Audience:

Associate members, internal & external auditors, accountants, staff working in audit firms owned by members, members in practice

2.0 Online Booking

Kindly note that booking for Audit Staff Training Workshop 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 15^th November 2017 at 1700 hrs

3.0 Your Investment:

The Charges for Audit Staff Training Workshop which cover workshop materials, meals, and e-certificates of attendance is as provided under; The charges for the seminar are as follows;

The charges for the seminar are as follows;

Kindly note that the early bird rate applies to delegates who book and pay before 1^st November 2017.

4.0 Continuous Professional Development Units –

Members of ICPAK and other reciprocating professional bodies will earn the following CPDs upon successfully attending Audit Staff Training Workshop

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 Staff Training Workshop attracts over 300 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 Staff Training Workshop 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