PractitionersWorkshop-March2019

OVERVIEW
The International Accounting Education
Standards Board (IAESB) issued out
International Education Standard (IES’s)
including IES 8, Professional Competence for
Engagement Partners Responsible for Audits
of Financial Statements aimed at protecting
the public interest by requiring an Audit
Engagement Partner to develop and maintain
the necessary skills and training to perform
the role effectively and to ensure audit quality.
It recognizes that only those professional
accountants who develop the required
competencies specified in IES 8, will be able
to deal with the complex situations that Audit
Engagement Partners face.
In a bid to comply with IES 8, Professional
Competence for Engagement Partners
responsible for Audits of Financial Statements,
which appears to also be of interest to
employers, regulators, government authorities,
educational organizations, and other
stakeholders who support the learning and
development of professional accountants whilst
complying with SMO 1- Quality Assurance,
which sets out the requirements of an
IFAC member body with respect to quality
assurance review systems for its members
who perform audits, review, other assurance,
and related services engagements of financial
statements, the Institute has organized a twoday
compulsory workshop for all Practitioners
to help them maintain competences in their
specialist areas of practice and for all other
individuals who may wish to obtain such
knowledge.
TRAINING PROGRAM AND
LEARNING OBJECTIVES
The two-day workshop is aimed at helping
all practitioners and auditors to maintain
competence in their specialist areas of practice
taking into consideration the nature of their role
to serve public interest but also in conducting
their practices in an outstanding manner.
This requirement is mainly due to the public
interest nature of their role and the need to
ensure that outstanding practice – mainly in
regard to International Standard on Quality
Control 1 (ISQC 1) compliance, is demonstrated,
thereby enhancing public trust and confidence
of the accountancy profession. Consequently,
every Practitioner is required to comply with
the requirements of ISQC1 and the IESBA Code
of Ethics.
YOUR INVESTMENT
Rwf. 230,000 for all participants (VAT
inclusive). Fees are payable to Bank of Kigali
A/C No: 00040-0335616-29 or Ecobank A/C
No: 110-04413101-72.
CERTIFICATES
Certificates of attendance will be awarded to all
participants who attend and participate in all
sessions of the workshop with 14 CPD hrs.
AGENDA
Day 1: Firm Inspections
Each audit and accounting firm who is a
member of a professional body who is a
member of IFAC needs to comply with the
requirements of ISQC 1 and the IESBA Code of
Ethics. Attention will be given to the updated
Code of Ethics that will become effective mid-
2019.
On day one the facilitator will focus on how
to empower firms to implement systems that
are fully compliant with all these requirements.
Facilitator will hand out comprehensive tools
that have already been designed that can be
tailored with great ease by each firm to be fit
for purpose.
The training will also focus on the role of
the Regulator (where there is one), or the
membership body who has a duty to monitor
its members. This will include a discussion
on how inspections will be performed, how to
avoid high risk findings, and how to proactively
maintain the firm’s ISQC 1 system, policies and
procedures.
Note: Ms. Marthie will present this session as
an expert who has designed ISQC 1 systems
and has maintained them for various firms,
but also previously worked for a regulatory
body. She has also set up and executed review
programmes for regulators and IFAC member
bodies.
PRACTITIONERS /AUDIT FIRMS’ DEVELOPMENT WORKSHOP
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