DEDICATION

This attachment report is dedicated to the Management of CK & Partners LLP and my
family as a result of the support they gave me during the training period.

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 ACKNOWLEDGEMENT
First, I would like to thank God almighty for His care and provision before and during the
period of attachment. Secondly, CK & Partners LLP for giving me this opportunity to do
this attachment. It’s because of them that I gained valuable experience from being involved
in the accounting and audit sector. Thirdly, I would also like to acknowledge the
management of KCA University who gave me valuable theoretical, analytical and
development skills core to my work, hence I would like to thank the academic supervisors
and all the lecturers for their valuable courses. Lastly, I should thankmy assessor/attachment
supervisor, DR Kwomboka Mokua for her guidance during my attachment period. May
God bless you abundantly.

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 EXECUTIVE SUMMARY

This report outlines my industrial attachment experience at CK & Partners LLP in the
Audit and Accounting Department over a 12-week period. The purpose of this attachment
was to apply the auditing and financial knowledge acquired in class to real-world auditing
tasks. The report highlights specific activities I undertook, skills I acquired, challenges
encountered, and recommendations for future improvements within the audit firm.

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 TABLE OF CONTENTS
DECLARATION ................................................................................................................ ii
DEDICATION ...................................................................................................................iii
ACKNOWLEDGEMENT ................................................................................................. iv
EXECUTIVE SUMMARY ................................................................................................ v
CHAPTER ONE ............................................................................................................... 1
INTRODUCTION ............................................................................................................ 1
1.1 Company Attached To .................................................................................................. 2
1.1.1 About CK & Partners ................................................................................................. 2
1.2.1. Vision Statement ....................................................................................................... 3
1.3.3. Advisory services offered by CK & Partners ............................................................ 3
CHAPTER TWO: ATTACHMENT EXPERIENCES ................................................. 4
2.1. General Activities ........................................................................................................ 4
2.2. Specific Activities undertaken ..................................................................................... 4
2.3. Acquired Skills ............................................................................................................ 5
CHAPTER THREE ........................................................................................................ 10
CONCLUSION AND RECOMMENDATIONS .......................................................... 10
3.1 Conclusion .................................................................................................................. 10
3.2 Recommendations....................................................................................................... 11
REFERENCES ................................................................................................................. 12

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 CHAPTER ONE
INTRODUCTION

1.1 Organization Background

CK & Partners is a regional business and development consulting firm based in Nairobi providing
audit and advisory services. The firm was registered in Kenya in 2016 and in 2021 has registered its
operations in South Sudan.

1.2 Vision, Mission, and Core Values

 Vision: To be the leading provider of world-class auditing and financial consultancy

services.
 Mission: To deliver exceptional auditing services that uphold the highest standards
of professionalism, integrity, and excellence.
 Core Values: Integrity, Excellence, Professionalism, Teamwork, and
Accountability.

3.3 Organizational Structure

The audit department is headed by the Audit Partner, supported by senior auditors, Senior
Consultants and various teams responsible for internal audit, external audit, financial
reporting, and compliance audits.

3.4 Services offered

The following is the list of advisory services offered at CK & Partners

Institutional strengthening /Organisation Risk management and Internal audit

development - Enterprise Risk Management ( ERM) –
- Due diligences/ Review of financial Developing customised organisational ERM
statements and Financial Management framework;
Controls - Risk Assessments - Identification and evaluation
- Fiduciary Risk Assessments; of risks organisations are exposed to and
- Strategic Planning (SP) establishing measures to manage those risks;
- Results Based/Oriented Management - Controls development - developing controls and
(RBM/RBM), assurance frameworks tailored to the needs of
- Performance Improvement Plans (PIPs), organisation;
- Institutional Assessment (IA) and Capacity - Audit committee policies, procedures and
Building (CB), trainings.
- Public Resources Mobilisation, - Establishment of Internal Audit Unit;
- Participatory Planning, - Internal Audit policies, procedures and documents;
- Results Based Budgeting (RBB)/Output - Out sourced Internal audit function;
Based Budgeting (OBB); - Co-sourced Internal Audit function;
- Sustainable Environmental Management - Internal audit quality assurance review; and
- Internal audit trainings.

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 - Development and review of policies and
procedures manuals;
- Business process re-engineering.
Public financial and strategic management Information Technology ( IT) Advisory
- Preparation and review of National and - IT security audits (Penetration Testing and
County Government financial statements; Infrastructure Audits):
- Preparation and review of Government - Data Analytics and Monitoring
budgets; - Business systems (software) controls review
- Audit committee policies, procedures and - IT Systems Selection and Implementation
trainings; - Technology Risk Management
- IPSAS Trainings and compliance; and - Business Continuity Planning and IT Disaster
- Financial audits, value for money audits Recovery reviews and implementation
and procurement reviews of donor funded - IT Governance
Government Projects.
- County Integrated development Plans
(CIDPs),
- County Strategic Plans, revenue studies and
development of Revenue Enhancement
Plans (REPs),
- Implementation of County Performance
Management Systems (PMS),
- Development of County Sector Plans;
- County organization structure review and
design and capacity building initiatives.

Outsourced Accounting and Business Services Donors and Non-Governmental Organisations

- Book Keeping - Donor compliance reviews;
- Payroll processing; - Donor regulations trainings – EU, USAID, SIDA,
- Budgeting, management accounts and Global Fund;
periodic reporting - Programme monitoring and verification;
- Preparation and filing of Statutory Returns - Donor proposals training;
- Donor projects management cycle training;
- Donor specific audits; and
- Pre-grant evaluations;
Tax advisory
- Tax due diligences and health checks
- Value Added Tax
- Pay As You Earn
- Corporation Tax
- Withholding tax
- International tax matters
- Tax planning

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CHAPTER TWO: ATTACHMENT EXPERIENCES

2.1 General Activities

During my attachment, I was actively involved in the following:

 Assisting in the development and execution of audit plans and audit scopes.
 Participating in risk assessments and testing internal controls within the client’s
financial systems.
 Performing vouching and substantive testing on financial transactions such as cash
disbursements and receivables.
 Compiling audit findings and drafting audit reports for management review.

2.2 Specific Activities Undertaken

Below are the specific tasks I undertook throughout the attachment period:

 Week 1-3: Assisted in audit planning and learned risk assessment techniques.
Organized audit workpapers, ensuring documentation was compliant with the
firm’s audit standards.
 Week 4-6: Performed internal control testing, with a focus on cash handling and
procurement processes. Documented discrepancies and presented findings to
senior auditors.
 Week 7-9: Conducted substantive testing on accounts receivable and liabilities.
Verified balances by communicating with clients and cross-checking records.
 Week 10-12: Compiled audit findings and participated in drafting the final audit
report. Attended the final audit closing meeting with clients, discussing the audit
results and recommendations.

2.3 Acquired Skills

 Audit Planning: I gained skills in assessing risks, setting materiality thresholds, and
planning effective audits.
 Control Testing: Developed expertise in testing internal controls, especially in cash
disbursements and procurement processes.
 Substantive Testing: Enhanced my ability to test financial transactions and verify
financial records for accuracy and completeness.
 Report Writing: Improved my capacity to draft clear and concise audit findings,
ensuring reports were aligned with client expectations and regulatory standards.

2.4 Challenges Encountered

 LengthyAudit Processes: The audit processes were sometimes delayed due to

bureaucratic procedures, particularly in payment approvals and processing.

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 1. Complex Financial Systems: Some clients’ financial systems were complex and
required additional time and training to fully understand and audit effectively.

CHAPTER THREE: CONCLUSION AND RECOMMENDATION

3.1 Conclusion

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My 12-week attachment at CK & Partners LLP provided me with practical exposure to
auditing and financial reporting processes. The hands-on experience I gained has
significantly prepared me for future roles in the audit profession, particularly in the areas of
risk assessment, internal control testing, and audit reporting.

3.2 Recommendations

 Process Efficiency: CK & Partners should consider implementing batch processing

for payments to reduce delays and improve efficiency in audit tasks.
 Regular Training: The firm should invest in regular training sessions for staff on
new auditing software and financial systems to enhance their proficiency and
adapt to client needs effectively.

References

 International Standards on Auditing (ISA)

 Financial Reporting Standards (IFRS)

This report is tailored to reflect your industrial attachment experience at CK & Partners,
with an emphasis on auditing and financial processes.

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4.1. Recommendations

Industrial attachment is very important to students and therefore cannot be overlooked.

This is because it assists them to blend academic work with that of the industry. Since the
experience for the 12 weeks was enormous, the following recommendations should be
highly considered by institutions of learning:
 The institution should allow enough time to the students for their preparation and
search of their attachment and their requirements as provided by the institution as
early as possible.
 Before releasing students to various organization of attachments, the University
should consider an orientation seminar in view of letting them know what is
expected of them during the industrial attachment and therefore should be able to
have the confidence for maximum tapping of practical knowledge.
 Where financing is a limitation, the University should encourage students to get
loans from HELB or guardians in advance to facilitate their upkeep during the
training period.

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REFERENCES

See attached Logbook

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