THE INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(Established under the Accountants Act, Laws of Kenya)
The 5th External Audit Practitioners Forum – Recording
Theme: Enhancing adherence to international standards
Date: 3rd -4th April 2023
Venue: Virtual
This is one of the Mandatory Trainings for practicing certificate consideration
.
Overview
Concerns on audit quality also continue to be a key issue that is still drawing critical attention from the public and other stakeholders who rely on audited financial statements to make key business decisions and judgements. The impact of various 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. The evolving regulatory and technological advancements have immensely impacted audit practice over the last couple of years. Auditors are required to consider developing alternative procedures to gather sufficient appropriate audit evidence to support their audit opinion, or to modify the audit opinion.
It is against this background that the Institute has organized a two-day virtual forum to discuss these critical developments which affect the audit practice and accountancy profession and seek to address the ensuing concerns of audit quality in line with the changes in standards. To guide the discussion during the Seminar, the following topics of discussion will form the focus of this very important virtual event.
- Engagement partners responsibilities for quality management for an audit of financial statements (ISA 220 Revised)
- Focus on monitoring and remedial action in quality management system as per ISQM 1 and accountants act regulations.
- Criteria for use of IFRS for SMEs and disclosure requirements when transitioning.
- Auditors’ role in non-compliance with laws and regulations
- Provision of other services to audit clients and any possible mitigations as per IESBA code
- Audit evidence documentation requirements as per ISA 230 and what amount to sufficient and appropriate audit evidence.
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 Conference sessions.
Target Audience
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.
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)
Further requests can be channeled to us via telephone calls on +254 719 074 100, or via email to Andrew Kavoo at andrew.kavoo@icpak.com, or with a copy to marketing@icpak.com.
We encourage members to regularly visit our website https://www.icpak.com for updates.