THE BOARD AUDIT COMMITTEE TRAINING 2023

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

THE BOARD AUDIT COMMITTEE TRAINING 2023
Date: 18th – 22nd September 2023
Venue: Hilton Bomonti Istanbul- Turkey
Theme: Enhancing the oversight mandate of Board Audit Committees for improved Accountability

Overview

The dynamic business environment has occasioned many complexities and led to an ever-changing regulatory landscape.  These developments require critical consideration in setting the right tone at the top and making sure that there is proper oversight and control of the organization.

The Board Audit Committee plays a acritical role in the oversight of an organization and organizations rely on the judgment of audit committee members to appropriately oversee areas such as risk, compliance, financial reporting and corporate resources. The expectations and obligations on audit committees continue to evolve in response to governance developments and the need for Boards and governing bodies to demonstrate that they are adhering to relevant audit, assurance, and risk management requirements.  Consequently, audit committee members need to remain up to date and aware of changes to their responsibilities

Governance can incorporate many different practices. Specifically, some of the primary best practices include building a competent board, aligning strategies with goals, being accountable, having a high level of ethics and integrity, defining roles and responsibilities, and managing risk effectively.

This Board Audit Committee training will provide an avenue for directors to share knowledge and key lessons on critical governance aspects regarding the strengthening of controls within their organizations.

It is against this background that the Institute has organized its Board Audit Committee Training to discuss these critical developments which affect governance and controls, and which have resulted into new risks for organizations.  To guide the discussion during the Conference, the following shall be the main topics of discussion:

Topics

1. Roles and responsibilities of Audit Committees in the Public & Private Sectors
2. Audit committee charters, composition and relationship with senior management, internal audit and the Board.
3. Key competencies required of a Board Audit Committee Member
4. Objectivity Vs independence: Building an effective Internal Audit function.
5. Assurance arrangements and effective delivery of the engagements
6. Corporate Accountability: Focus on the Audit Committee.
7. Financial reporting oversight practices.
8. The Role of Audit Committee in Governance Risk and Compliance.
9. Legal and regulatory environment of audit committees.
10. Assessing Audit Committee effectiveness.
11. How to conduct effective Audit Committee Meetings
12. Entrenching confidentiality in Audit Committee discussions and resolutions
13. Becoming an ethical leader and handling complex dilemmas.
14. Critical communications tips

Continuous Professional Development Units (CPD Units):

Members of ICPAK and reciprocating professional bodies will be awarded 20 CPD Units upon successfully attending each of the training sessions.

Target Audience:

Members of Corporate Boards, Private and Public Audit Practitioners, Public Sector Accountants, Chief Finance Officers, Finance Directors and Managers, Governance advisors, Internal Auditors, Professionals working in County Governments, Academia, and other interested stakeholders.

Cost:

Charges for the training will be Kes170,000/= which will cover workshop fees, materials, and certificates of attendance.

Online Booking:

We call on Conference participants to note that booking 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)