ABOUT THE COURSE

This online CPD course focuses on providing hands-on skills for executing external audits, emphasizing practical application of International Standards on Auditing (ISAs). While the first and last sessions will address audit theory and reporting, the remaining sessions will focus extensively on performing audits. 

 Course Objectives

1. Equip participants with skills to perform external audits efficiently in compliance with ISAs.
2. Utilize practical tools to complete audit tasks, including planning, substantive testing, and documentation.

• Day 1: Overview of the Audit Process and Engagement Planning (2 hours)
  • Brief overview of ISAs related to external auditing.
  • Risk identification and materiality assessment.
  • Interactive planning exercise via Zoom breakout rooms.
• Day 2: Risk-Based Audit Procedures (2 hours)
  • Hands-on activity: Risk assessment and test of controls.
  • Practical exercise: Designing audit programs for common risks.
• Day 3: Substantive Testing (2 hours)
  • Techniques for testing key account balances.
  • Group exercise: Sampling and verification using shared templates.

• Day 4: Completing Substantive Testing (2 hours)
  • Case studies on evidence evaluation.
  • Practical exercise: Identifying and documenting anomalies.
• Day 5: Documentation and Quality Control (2 hours)
  • Workshop on preparing audit working papers.
• Day 6: Reporting and Review (2 hours)
  • Interactive session: Drafting audit reports 
  • Course wrap-up and feedback.

• Case Studies: Analyze provided financial statements and propose audit plans.
• Assignments: Draft a sample audit program based on a given scenario.
• Pre-Session Reading: Key ISAs and audit documentation templates. 

 This course will provide attendees with verifiable 18 CPD hours. 

 All CPD courses at ICPAS are delivered online. The link to the online classes will only be available to registered candidates. 

• Professional auditors seeking practical skills and CPD credits.
• Early- to mid-career professionals preparing for advanced roles in external auditing.
• Accountants interested in practical training on the audit cycle.

$69 

15% discount for ICPAS Alumni and Current Candidates. 

Trainer: David Wakanene, CPA(K)  

CPA David Wakanene is a seasoned financial auditor with over a decade of experience in external audits across corporate and public sectors. He has held senior roles, including Audit Manager at BDO East Africa and Baker Tilly Merali’s Kenya, and has conducted audits for a wide range of industries and organizations internationally. David has also led auditor training programs, such as capacity-building initiatives for the National Audit Office of Somaliland under World Bank-funded projects. David is currently the Managing Director and Audit Partner of Wakanene & Associates, a professional audit firm in Nairobi.