Vacancy: Senior Officer, Compliance
Job Ref: ICPAK
004/2015
The Institute of Certified Public
Accountants of Kenya (ICPAK) is the professional organization for Certified
Public Accountants in Kenya established in 1978 by the then Accountants Act,
CAP 531 subsequently repealed to Accountants Act no. 15 of 2008.
Since its establishment, ICPAK has
been dedicated to development and regulation of the accountancy profession in
Kenya so as to enhance its contribution and that of its members to national
economic growth and development.
In its endeavor on institutional
strengthening, ICPAK is seeking to recruit dynamic, self-driven and results
oriented individuals to fit in a team meant to make it a world class
Professional Accountancy Organization.
Job Summary: Reporting to the Manager Compliance in the
Professional Services Division, the Senior Officer Compliance will be a key
member of the Institute and is expected to understand, support, and promote
quality of professional accountancy services that members provide to the
public.
The officer will closely work with
the Registration and Quality Assurance Committee (RQAC) and will responsible
for planning and conducting the audit and assurance reviews.
In addition, the Officer shall
undertake capacity building initiatives of members engaged in public practise in
compliance with International Standards on Auditing (ISAs) and the
International Standard on Quality Control 1(ISQC 1) and standards developed by
the standard setting boards of IFAC and promulgated by the Institute.
This position is placed at Senior Officer
Level – ICPAK Grade 6
Job Profile / Responsibilities: The
position requires a person who is ‘hands-on’, highly organized, able to work
with minimum supervision, and has excellent communication, teamwork and
interpersonal skills.
Essential duties and responsibilities shall include those listed below; other incidental duties may be allocated from time to time:
The duties and responsibilities
include among others:
1. Quality Review Process (Audit
Quality Reviews)
- Preparation, continuance and revision of the
Audit Quality reviews (AQR) annual calendar
- Conducting reviews, making recommendations and
ensure implementation of corrective action plans from audit firms
- Reviewing the audit methodology used by
members in practise to ensure they are up to date and relevant
- The review of working engagement paper files
to check on compliance with audit procedures as prescribed in the ISA’s
and also compliance with IFRSs and other standards, laws and regulation.
- Communication of audit quality review findings
to the registration quality assurance committee
- Making recommendations as may be appropriate
on firms and members in practise on identified weaknesses in the reviews
2. Standard Implementation
Support the implementation of
Auditing Standards and other promulgations of standard setting boards and other
Guidelines, Policies, Laws and Regulations pertaining to the practice of
accountancy in Kenya;
- Support outreach activities under the
direction of the Compliance Manager to create awareness on new standards
issued and their impact.
- Developing appropriate guidelines and
providing any necessary technical support to facilitate better
understanding and implementation of standards in conjunction with other
technical staff.
- Develop mechanisms to sensitize practitioners
and the public on Audit Quality Reviews.
- Coordinate and assist in the process of
updating reference materials being used by practitioners to reflect the
changes in the standards annually i.e. Audit manual, model audit file,
review checklists etc.
- Responding to queries raised by practitioners
and other members of ICPAK and Committees.
- Participating in ICPAK trainings and in house
trainings on Audit Quality Assurance, ISAs and other related
topics/issues.
3. Meetings
- Prepare agendas and papers for RQAC meetings
on quality reviews.
- Attend and participate in ICPAK and relevant
task force meetings; minute deliberations and decisions affecting members
in practice.
- Provide administrative support to the RQAC and
contribute to the organization and efficient operation of ICPAK meetings
and related activities.
4. Support of the ICPAK External
Relations
- Conduct research on issues affecting
compliance with International Standards on Auditing and other
pronouncements by standard setting boards and developments on legal and
regulatory environment impacting on audits as necessary.
- Assist in the preparation and dissemination of
ICPAK position papers on legislations affecting the audit and assurance
practice.
Person Profile
Skills Required
- Excellent oral and written communication
skills
- Information Communication Technology (ICT)
savvy
- Strong organizational skills
- Project management skills, with ability to
work under tight deadlines and manage multiple work streams concurrently
- Excellent interpersonal skills
Key Competencies
The successful candidate shall
demonstrate the following personal attributes:
- Ability to manage multiple tasks, organize
priorities and meet deadlines
- Capable of working in a team and with others
at all levels of the organization, as well as with external stakeholders,
and across multiple cultures
- Strong sense of responsibility and ability to
work with minimal supervision or as part of a team
- Flexible and able to handle changing
priorities while remaining calm under pressure
- Proactive, service-oriented attitude
- Able to analyze and synthesize large amounts
of information into summaries
- competency in accounting packages
- ability to work with minimal supervision
Qualifications and Experience:
- A holder of Bachelor’s degree in Commerce,
Business Management or its equivalent
- A holder of CPA (K) or any other globally
recognised accountancy qualification
- Five (5) years working experience recommended
- At least four (4) years relevant work
experience (e.g., in professional practice, a professional accountancy
organization, office of the auditor general or accounting environment).
How to Apply: Interested
candidates should submit their application letter, CV and other scanned
relevant documents clearly indicating the position applied for, current and
expected salary to the following: complianceofficer@icpak.com
Vacancy: Senior Officer, Internal Audit, Risk and Compliance
Job Ref: ICPAK 003/2015
The Institute of Certified Public
Accountants of Kenya (ICPAK) is the professional organization for Certified
Public Accountants in Kenya established in 1978 by the then Accountants Act,
CAP 531 subsequently repealed to Accountants Act no. 15 of 2008.
It is also a member of the
International Federation of Accountants (IFAC), the global umbrella body for
the accountancy profession.
Since its establishment, ICPAK has
been dedicated to development and regulation of the accountancy profession in
Kenya so as to enhance its contribution and that of its members to national
economic growth and development.
In its endeavor on institutional
strengthening, ICPAK is seeking to recruit dynamic, self-driven and results
oriented individual to fit in a team meant to make it a world class
Professional Accountancy Organization.
Job Summary: Reporting
to the Manager, Internal Audit, Risk and Compliance, the successful candidate
will ensure successful completion of audit assignments including Audit
planning, execution and reporting.
Moreover he/she will be expected to
identify areas of internal control weaknesses and areas of non compliance
within the Institute and provide sound and practical recommendations to
management.
In addition, the successful candidate
shall ensure that risk management culture is instilled within the institute by
facilitating the work of the risk champions in accordance with the ICPAK risk
Management Framework.
He / she shall prepare periodic risk
management reports to the Institute’s Risk Management Committee (RMC) for
consideration.
This position is placed at Senior
Officer Level – ICPAK Grade 6
Job Profile / Responsibilities: Essential duties and responsibilities shall include
those listed below; other incidental duties may be allocated from time to time:
1. Ensure internal controls are
working effectively.
- Plan and conduct internal audits of various
functions within the Institute including operational and financial audits;
- Develop audit programs and review procedures
relevant to audit objectives;
- Document audit work and findings in accordance
with accepted auditing standards;
- Obtain and review audit evidence and ensuring
that the audit conclusions reached are supported by appropriate and
relevant audit evidence;
- Identify weaknesses in internal controls /
business processes in the institute;
- During audit process, engage with auditees
seeking clarifications on various exceptions noted before drafting the
audit report;
- Communicate control issues raised during the
audit process, offering recommended solutions relevant to business and the
risk identified.
- Conduct follow up on audit recommendations to
ensure implementation of agreed corrective actions;
2. Facilitate the effective
implementation of the Enterprise Risk Management in the Institute.
- Facilitate risk management processes by
undertaking risk identification, assessment, mitigation and Monitoring
& reporting.
- Facilitate periodic /monthly meetings with the
Institute’s risk champions
- Ensure departmental reports on risk management
including risk registers are reviewed by the risk champions in
collaborations with the risk owners.
- Compile risk management reports from business
units and forward to Risk Management Committee (RMC) for deliberations
through the Manager Audit, risk & Compliance.
3. Check the Institute’s compliance
with various legislations, agreements, MoU’s etc
- Conducts compliance checks to provide assurance
on the Institute’s compliance with various legislations, treaties, MoUs
etc
- Highlight in periodic (Quarterly) reports
areas of non-compliance and discuss the same with responsible managers;
Person Profile
Skills Required
- Report writing Skills,
- Microsoft Office Skills,
- Managing Processes,
- Organization,
- Analyzing Information and
- Communication skills
Key Competencies
This position will be suitable to
persons with;
- good understanding of auditing work and the
accountancy profession in Kenya
- competency in accounting packages
- ability to work with minimal supervision
- ability to communicate well both to internal
and external stakeholders
Qualifications and Experience:
- A holder of Bachelor’s degree in Commerce,
Business Management or its equivalent
- A holder of CPA (K) or any other globally
recognised accountancy qualification
- Five (5) years working experience recommended
- Three (3) years relevant experience in
internal or/and external audit
How to Apply:
Interested candidates should submit
their application letter, CV and other scanned relevant documents clearly
indicating the position applied for, current and expected salary to the
following: internal auditor@icpak.com
Vacancy: Senior Officer, Technical Services
Job Ref: ICPAK 005/2015
The Institute of Certified Public
Accountants of Kenya (ICPAK) is the professional organization for Certified
Public Accountants in Kenya established in 1978 by the then Accountants Act,
CAP 531 subsequently repealed to Accountants Act no. 15 of 2008.
It is also a member of the
International Federation of Accountants (IFAC), the global umbrella body for
the accountancy profession.
Since its establishment, ICPAK has
been dedicated to development and regulation of the accountancy profession in
Kenya so as to enhance its contribution and that of its members to national
economic growth and development.
In its endeavor on institutional
strengthening, ICPAK is seeking to recruit dynamic, self-driven and results
oriented individual to fit in a team meant to make it a world class
Professional Accountancy Organization.
Job Summary: Reporting to the Manager Technical Services in the
Professional Services Division, the Senior Officer, Technical Services will be
a key member of the Institute and is expected to understand, support, and
promote the development and implementation of accounting professional
standards.
The Senior Officer, Technical
Services will work closely with the Professional Standards Committee (PSC) and
will be responsible for planning and conducting research and analyses,
supporting the Institute activities in the submission of ICPAK comments to
standards setting boards, issuance of technical resources to support the
development and implementation of professional standards.
This position is placed at Senior
Officer Level – ICPAK Grade 6
Job Profile / Responsibilities: Essential
duties and responsibilities shall include those listed below; other incidental
duties may be allocated from time to time:
The position requires a person who is
‘hands-on’, highly organized, able to work with minimum supervision, and has
excellent communication, teamwork and interpersonal skills.
The duties and responsibilities
include among others:
1. Standard Setting Process (Standard
Development)
Support the development of
professional standards impacting on accounting and financial reporting;
- Plan, coordinate, and support of PSC,
including preparation of high quality agenda papers for relevant projects,
and discuss project progress against objectives and timetable as
appropriate.
- Maintain and update the discussion papers,
exposure drafts and consultation papers log.
- Identify key developments in the legislations
and other regulations affecting the accountancy profession and propose for
the development and issuance of guidance.
- Prepare draft staff position for circulation
to members of the Institute seeking their views on documents issued by
standard setting boards
- Prepare draft submissions on exposure drafts
and discussion papers issued by the standard setting boards.
- Follow-up to ensure draft comments are
reviewed and approved in a timely manner and submitted to standard setting
boards.
- Publications of articles on development in
standard setting arena in the e-newsletter, through e-connect and the
media where necessary.
2. Standard Implementation
Support the implementation of
professional Standards and other Guidelines, Policies, Laws and Regulations
pertaining to the accountancy profession;
- Support outreach activities under the
direction of the Technical Manager to create awareness on new standards
issued and their impact.
- Prepare draft publications on updates on
standards issued by the standard setting boards and other interpretations,
and legal developments through the technical e-newsletter.
- Maintain an accurate and current listing of
outreach presentations and other ICPAK activities for internal and
external reporting purposes and inclusion in the ICPAK Annual Report
- Developing appropriate initial guidelines and
other Templates and providing any necessary technical support to
facilitate better understanding and implementation of professional
standards under the direction of the Technical Manager.
- Review and recommend for update on an annual
basis the technical guides developed in the past to ensure that they are
relevant.
- Maintain and update technical helpdesk -
Technical support to members, issue tracker where timelines for responding
will be agreed upon and a specific staff as the contact point for any
technical matter that comes on board.
- Facilitate in-house and branch training on
specific standards.
3. Monitoring Compliance
- Environmental scanning to identify
implementation challenges and recommend changes to the legal environment
impacting the accountancy profession.
- Co-ordinate receipt of reports on compliance
with relevant regulations impacting accountancy from the respective
regulators.
- In conjunction with the Public Sector
Accounting Standards Board (PSASB (K)), carry out surveys on needs
adoption challenges on use of all IPSAS
- Spearhead the Financial Reporting (FiRe)
Awards - review annual reports and financial statements of various
entities through FiRe Award to assess compliance levels.
4. Meetings
- Prepare agendas and papers for PSC meetings in
relevant projects.
- Attend and participate in ICPAK and relevant
task force meetings; minute deliberations and decisions.
5. Support of the ICPAK External
Relations
- As necessary, conduct research on issues
affecting implementation of professional standards and developments on
legal and regulatory
- Assist in the preparation and dissemination of
ICPAK position papers on legislations affecting the professional
accountants.
6. Organizational Development
- Provide administrative support to the PSC and
contribute to the organization and efficient operation of ICPAK meetings
and related activities.
- Coach and mentor the ICPAK officers within the
division and assist in achievement of performance goals.
- Risk champion for the department
Person Profile
Skills Required
- Excellent oral and written communication
skills
- Information Communication Technology (ICT)
savvy
- Strong organizational skills
- Project management skills, with ability to
work under tight deadlines and manage multiple work streams concurrently
- Excellent interpersonal skills
Key Competencies
The successful candidate shall demonstrate
the following personal attributes:
- Ability to manage multiple tasks, organize
priorities and meet deadlines
- Capable of working in a team and with others
at all levels of the organization, as well as with external stakeholders,
and across multiple cultures
- Strong sense of responsibility and ability to
work with minimal supervision or as part of a team
- Flexible and able to handle changing
priorities while remaining calm under pressure
- Proactive, service-oriented attitude
- Able to analyze and synthesize large amounts
of information into summaries
- competency in accounting packages
- ability to work with minimal supervision
Qualifications and experience:
- A holder of Bachelor’s degree in Commerce,
Business Management or its equivalent
- A holder of CPA (K) or any other globally
recognised accountancy qualification
- Five (5) years working experience recommended
- At least four (4) years relevant work
experience (e.g., in professional practice, a professional accountancy
organization, office of the auditor general or accounting environment).
How to Apply:
Interested candidates should submit
their application letter, CV and other scanned relevant documents clearly
indicating the position applied for, current and expected salary to the
following: techservicesofficer@icpak.com
Only shortlisted candidates will be contacted.
Applications should be received on or before close of business on Friday 19th June, 2015.
