Audit of SACCOs: Workshop for Supervisory committees and Auditors of SACCOs

Event: AUDIT OF SACCOS: WORKSHOP FOR SUPERVISORY COMMITTEES AND AUDITORS OF SACCOS

Date: July 5-8, 2022

Venue: GRAND ROYAL SWISS HOTEL, KISUMU

Professional standards from the Global Institute of Internal Auditors have elevated the Internal Audit function in the financial services sector including SACCOs from traditional reporting lines and remuneration to focus on emerging areas including governance, culture, and corporate events. Prudential guidelines and recommendations from the SACCO Societies Regulatory Authority recommendations emphasize supporting Internal Audit functions to carry out effective management of key risks.

This workshop will focus on equipping internal audit functions for SACCOs to proactively increase their relevance to organizations in light of increasing scrutiny, pressure, and regulatory requirements while complying with IIA professional standards. The workshop targets Members of Supervisory committees for SACCOs and their Internal Auditors.

The workshop will cover:

• SASRA recommendations on strengthening Internal Audit Governance.
• Role of SACCOs Supervisory committees in strengthening Internal Audit.
• Cooperative Societies Act regulations on SACCOs Audit.
• Role of Supervisory committees in external audit of SACCOs.
• Assessing Cybersecurity Risk.
• Auditing Credit Risk, Market, and Interest Rate Risk.
• Assessing Fraud Risks.
• Auditing Culture and Conduct.
• Liquidity Risk Management.
• Auditing Third-Party Risk.
• Auditing Capital Adequacy and Stress Testing for SACCOs.
• Pointers for Anti-money laundering and counter-terrorism in SACCOs.
• The case of SACCOs: Mobile money and online banking.

This course will be held from July 5-8, 2022 at Grand Royal Swiss Hotel, Kisumu. Charges are KES 55,000 and KES 60,000 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 DIT/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.