THE INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(Established under the Accountants Act, Laws of Kenya)
Internal Audit: International Professional Practices Framework (IPPF) Seminar (Mandatory Training) – Recording
Date: 13th – 14th March 2024
Venue: Virtual
Time: 09.00am-03.30pm
(This is one of the mandatory trainings for Practicing Certificate consideration)
Overview
The International Professional Practices Framework (IPPF) standards detail the tasks that must be completed in an internal audit, establishes the ethical requirements, defines who is qualified to conduct an internal audit, and lists the resources that must be available to auditors. The IPPF is a framework that is designed to standardize how internal audits are done. There are mandatory guidelines and suggested guidelines. The mandatory guidelines are the minimum standards that internal auditors must follow. The suggested guidelines provide more guidance on how best to do an internal audit.
Internal auditing is an independent, objective assurance and consulting activity designed to add value and improve an organization’s operations. It helps an organization accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control, and governance processes. Throughout the world, internal auditing is performed in diverse environments and within organizations that vary in purpose, size, and structure. In addition, the laws and customs within various countries differ from one another. These differences may affect the practice of internal auditing in each environment.
The IPPF framework provides a globally accepted rigorous basis for the operation of an Internal Audit function. Mandatory provisions are the subject of public exposure, with formal consideration of comments received from IIA members and non-members. The Standards help professions achieve greater clarity and consistency in their work, enhance professionalism, facilitate assessing, compliance with governmental regulations and licensure requirements, determine compensation for professional services, provide a framework for continuing education to maintain competency, develop licensing exams and assist regulatory boards with setting standards of practice in defined areas.
This seminar is geared towards highlighting key provisions of the IPPF that ought to be adhered to by Internal Audit Professionals in their day-to-day audit and consulting activities.
The following key topics will form the basis of discussion during the seminar:
- Overview: International Professional Practices Framework and the recent changes to IPPF
- Adoption status of IPPF in Kenya: strides made in both public & private sector.
- Overview of The International Standards for the Professional Practice of Internal Auditing (Standards)
- Core Principles for the Professional Practice of Internal Auditing and the Code of Ethics
- Highlights of the recommended guidance, including Practice Guides and Global Technology Audit Guides (GTAGs).
- Quality Assurance & Improvement Program (QAIP)
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.
Target Audience:
Chief Audit Executives (CAEs), Internal Auditors, Internal Audit Practitioners, External Audit Practitioners, Consultants, Managers, Private and Public Sector Accountants, Chief Finance Officers, Finance Directors and Managers, Financial Analysts, Technical Standards Advisers and any other interested participants
Cost:
Charges for the training will be Kes 10,000/= which will cover workshop fees, materials, and e-certificates of attendance.
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)