Financial Statements Review Workshop

Event: Financial Statements Review and Analysis in the Public sector: Moving from Cash to Accrual-Considerations for Audit

Date: March 3-7, 2025

Venue: Naivasha

The shift from cash to accrual accounting by public sector entities is considered a key consideration of Public Finance Management. What are the considerations for Internal Audit? And how can the Internal Audit function ensure public sector entities achieve excellence in service delivery? Knowing what truly matters at the strategic level and communicating effectively and efficiently to achieve the desired results is key in enabling the Internal Audit functions to add value to Financial Statements Review and Analysis.

This workshop will focus on ways in which Internal Audit teams can improve on their value proposition, by building a strong foundation of controls embedded within public sector processes to engender trust through Financial Statements Review and Analysis in compliance with applicable standards. The workshop will make use of case studies, experiences, and expertise of facilitators and provide an opportunity for practitioners to network and explore solutions to challenges that face Financial Statements Review and Analysis in the public sector.

Key areas to be covered include:

• Realizing Value in the Public Sector Reporting: Internal Audit contribution to Financial Statements Review.
• Red flags/manipulation of financial statements, accounting scandals, and financial "games."
• International Public Sector Accounting Standards (IPSASs) Update.
• Expectations for Government Business Entities (GBEs).
• Components of financial statements.
• Accuracy, completeness, and disclosures of financial statments.
• Audit techniques in performing an application review of a financial audit.
• Lessons for the Public Sector on working with External Auditors: The Case of the Office of the Auditor General (OAG) and Expectations on Internal Audit.
• Performance Audit Insights and Lessons.
• Keeping Cyber Safe: Building a Comprehensive Cybersecurity Audit
• Lessons for the Public Sector on preparing for the next storm.

The workshop will be held from March 3-7, 2025, in Naivasha. Charges are KES 65,000 and KES 70,000 exclusive of VAT for Members and Non-Members respectively. Members in attendance will earn 20 CPE Hours.

NATIONAL INDUSTRIAL TRAINING AUTHORITY ACCREDITATION:

The Institute of Internal Auditors Kenya is an accredited training provider with the National Industrial Training Authority (NITA). The NITA registration number is NITA/TRN/558(25b). Participants who are registered levy contributors can apply to NITA for reimbursement of their fees. This applies to Kenyan citizens and is subject to NITA regulations. Visit (https://www.nita.go.ke/​​ ) for more information.

FURTHER DETAILS

Please call us at +254721615863 |+254780615863 visit www.iiakenya.co.ke​ or email training@iiakenya.co.ke.