ICPAK Senior Officer (Compliance) Job in Kenya-June 2015

ICPAK Senior Officer (Compliance) Job in Kenya-June 2015

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subsequently repealed to Accountants Act no. 15 of 2008.
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 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

Only shortlisted candidates will be contacted.

Applications should be received on or before close of business on Friday 19th June, 2015.