Regulation, Licensing and Compliance- Manager Quality Review and Compliance (Grade 4) at Institute of Certified Public Accountants of Kenya (ICPAK)

Job Description

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The Institute of Certified Public Accountants of Kenya (ICPAK) is a professional body for certified public accountants (CPAs) in Kenya. ICPAK is a full member of the International Federation of Accountants and the Pan African Federation of Accounting.

JOB REF: ICPAK/08/

KEY RESPONSIBILITIES:

Compliance Function 

Undertaking review of audit firms and ensuring compliance with appropriate quality standards of firm practice. Undertaking various strategies to strengthen the quality of audit firms and auditing practices in general including development of practice guides and tools among others. Monitoring the implementation of standards to ensure improved auditing practices through. Obtaining feedback from the Audit Quality Assurance Programme and developing mechanisms to strengthen the weaknesses identified in implementation of the auditing standards. Obtaining feedback from the practitioners on challenges in implementing auditing standards and developing mechanisms to address these. Providing guidance documents/technical bulletins. Advising on the training needs resulting from new or revised auditing standards and from assessment of the needs of members and ensuring these are incorporated in the institute’s Annual CPD Calendar.

Budgeting and the Department’s Strategic Planning Function

Preparation of departmental budgets and forecasts. Preparation of departmental Work Plans. Ensures the achievement of departmental budget objectives by scheduling expenditures; analyzing variances; initiating corrective actions. Ensure development of the Compliance Department Strategic Plan as per guidance from the Director on the corporate objectives and goals. Ensure the update of the Strategic Plan dashboard to project instantly the Institute’s performance on Compliance Department targets against corporate targets. Ensure records in the Department on individual sections performance on the SP are captured, monitored and evaluated against corporate targets.

Person Profile:

Academic Specifications

Degree in Accounting, Finance, Economics or relevant field. Master’s degree in Accounting, Finance, Economics or relevant field. Professional qualifications: CPA or ACCA qualifications and a member of ICPAK in good standing. 8 years working experience in reputable audit firm with at least 5 years in a management position