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Audit Quality and Assurance Standards Training Program

June 2 - June 6

Preamble

Audit quality and assurance standards are fundamental to maintaining the integrity and reliability of financial reporting. These standards provide a framework for auditors to conduct their work with professionalism, objectivity, and due diligence. This training program aims to equip participants with a comprehensive understanding of these standards, their application, and the impact on audit quality.

Training Objectives

By the end of this training, participants will be able to:

  • Understand the key audit quality and assurance standards.
  • Analyze the role of these standards in enhancing audit quality.
  • Apply the standards in various auditing scenarios.
  • Evaluate the effectiveness of audit quality management systems.
  • Identify challenges in implementing these standards and develop strategies to address them.

Training Content

Module 1: Introduction to Audit Quality and Assurance Standards

  • Definition and importance of audit quality.
  • Overview of international and national auditing standards.
  • The role of standard-setting bodies: IAASB, PCAOB, AICPA.
  • Recent developments in audit quality standards.

Module 2: Key Audit Quality Standards

  • International Standards on Quality Management (ISQMs):
    • ISQM 1: Quality Management for Firms that Perform Audits or Reviews of Financial Statements, or Other Assurance or Related Services Engagements.
    • ISQM 2: Engagement Quality Reviews.
  • International Standard on Auditing (ISA) 220: Quality Control for an Audit of Financial Statements.
  • AICPA’s Quality Management Standards.
  • PCAOB’s Quality Control Standards.

Module 3: Implementing Audit Quality Standards

  • Developing and maintaining quality management systems.
  • Risk assessment and response in the audit process.
  • Documentation and evidence requirements.
  • Monitoring and improving audit quality.

Module 4: Impact of Audit Quality Standards

  • Enhancing the reliability of financial statements.
  • Building stakeholder trust and confidence.
  • Addressing challenges in audit quality.
  • Case studies of audit quality failures and lessons learned.

Module 5: Future Trends in Audit Quality and Assurance

  • Technological advancements and their impact on auditing.
  • Evolving regulatory requirements.
  • The role of auditors in corporate governance.
  • Continuous professional development and staying updated with standards.

Final Assessment & Certification

  • Case study analysis on implementing audit quality standards.
  • Certification awarded upon successful completion of the training program.

Target Audience

This training is suitable for:

  • Auditors and audit managers.
  • Quality control and compliance officers.
  • Accounting and finance professionals.
  • Regulatory bodies and standard-setting organizations.
  • Corporate governance professionals.

Training Methodology

  • Instructor-Led Training (ILT): Expert-led sessions on audit quality standards.
  • Case Studies: Analysis of real-world scenarios to understand the application of standards.
  • Group Discussions: Interactive sessions to share experiences and insights.
  • Workshops: Practical exercises in developing and implementing quality management systems.
  • Assessments: Regular quizzes and a final project to evaluate understanding and application of audit quality standards.

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Details

Start:
June 2
End:
June 6
Cost:
Ksh82500
Event Category:
Website:
www.globopointconsultants.com

Venue

NAIROBI
Nairobi, Kenya + Google Map

Organizer

Globopoint Consultants Limited
Phone
0722103961
Email
info@globopointconsultants.com
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