I was impressed by the story of Mr Lee Kuan Yew the founding leader of Singapore

who died recently. I read that Lee took a country the size Bulawayo from the

backwaters of underdevelopment in the 1960s to a first world economy with the 9th

highest GDP per capita. In fact I understand that Singapore lacked all manner of

resources such as water and minerals. Singapore took off in spite of the massive

obstacles arraigned against it to become the medical capital of south East Asia as

well as its financial capital.

The underlying thread in this miracle was good leadership. It also showed to me

that we can achieve anything under the sun either as individuals or as a nation. I

wondered as I read this story whether a band of internal auditors and others with a

mind to work across the breath of our economy can be some catalyst of

Zimbabwe’s move from the current malaise to some respectable position. That

recuperation will start in our minds, cascade into our organisations, and ultimately

into our whole nation. But that presupposes a correct mind-set, a vision and loads

of knowledge in governance, risk and internal controls. It also requires emotional

maturity to navigate the very rough terrain in which we operate. We can be the

oasis among swamps. Let us do it!

Page 3

Our Newsletter Page One

Issue Number 025Upcoming EventsMain Story From the CEO’s Desk

FROM THE CEO’s DESKRoy F. Bvekerwa

April 2015

“..recuperation will start in our minds, cascade into our organisations, and ultimately into our whole nation.”

Mr Lee Kuan Yew

Our Newsletter Page Two

NATIONAL CODE ON CORPORATE GOVERNANCE ZIMBABWE ( NCCGZ)

I have written a lot in my past newsletters about the National Code. I am happy to say the code

was launched formally by the Acting President of the Republic of Zimbabwe, Emmerson

Mnangagwa on the 9th April 2015 at the Rainbow Hotel. All internal auditors must just not have

a copy of the code but read it thoroughly. It has a lot to say on boards of directors, risk

management, internal audit etc. In your governance reviews the code will be the basis of

measurement.

As boards, management and external auditors review your work they will now use the code. We

as internal auditors must be the experts in the National code. You can get your copy of the code

from IODZ or the Quality Corporate Governance Centre or phone us. More than ever before an

internal auditor operating in Zimbabwe will need to be familiar with the International Professional

Practices Framework if you are to be relevant.

MAY IS INTERNATIONAL INTERNAL AUDIT AWARENESS MONTH! As an internal audit professional, you play an important role in raising awareness and elevating the

profession. Whether you are an active IIA member or new to internal auditing, there’s something

you can do to raise awareness.

For example, you can customize your email signature and social media accounts with the

International Internal Audit Awareness Month digital icon (depicted at right). You can hold a

lunch-and-learn in your workplace to dispel myths about internal auditing and explain the value

that a well-resourced, independent internal audit function can provide. You can also distribute

sweet treats or tokens to co-workers with an educational flier about the profession.

Don’t let the opportunity pass to advocate the importance of internal auditing to your co-workers

and other stakeholders. For additional ideas, sample programs, tips, and templates, download the

free Building Awareness Toolkit from The IIA’s website www.theiia.org/goto/awareness

MEMBERSHIP

There are still a number of internal auditors who have not renewed their membership with the

Institute. I appeal to you to do so. This will enable you to have access to information that you need to

do your work effectively. I am talking about standards, practice guides and advisories, the bi-monthly

prize winning internal audit magazine, results of various studies carried out by the Institute, books etc.

Membership enables you to attend our continuous professional development courses at preferential

rates.

As members you get newsletters from the Institute such as Leaders Link, Tone at the Top and Global

Connections which bring you the latest audit trends throughout the world. Pay your membership

through our Barclays Bank Account number 02157-6304250 in the name of Institute of Internal

Auditors Zimbabwe.

Our Newsletter Page Three

DATE

Operational Auditing CourseBYO Rainbow Towers

Inyanga Troutbeck Inn

Crown Plaza Hotel

Rainbow Hotel

Crown Plaza Hotel

Mandel Training Centre

Local Authorities Audit Committee training

Social Media Risks & Opportunities

Leading the audit team

Audit Committees: roles & responsibilities

Winter school

23 – 24 April 2015

07 – 08 May 2015

15 May 2015

21 – 22 May 2015

05 June 2015

22 – 26 June 2015

Course Name

UPCOMING WORKSHOPS

Phone: 2901307-8/ 743351 /0774 163 667Email : iiazim@iwayafrica.co.zw

7 Tait Avenue, Hillside, Box 6170, HarareWebsite: www.iiazim.co.zw

ANNUAL CONFERENCE 2015Preparation for the Annual conference is now at an advance stage. The conference will run from

the 23rd to 25th September 2015 at the Elephant Hills Hotel in Victoria Falls. The theme of the

conference will be: “Will the Sun Rise Tomorrow? Yes, But…” The theme takes its cue from the

prevailing macroeconomic conditions in Zimbabwe and our belief that Zimbabwe will rise again.

We have invited top notch presenters from Zimbabwe and beyond to bring you to a higher level.

The conference promises to be an exciting one as we have come to expect of IIA Zimbabwe’s

annual conferences. The fee remains at last year’s rate of $1150 for members and $1250 for

non-members. In addition to the first class presentations we are arranging exciting activities for you

to relax during breaks. Begin to book and you can pay in instalments.

FINANCIAL SERVICES AUDITORS SAVE UP TO US$200!For a limited time, 1- 30 April, 2015, The IIA is waiving the application fee (up to a US$200 value)

for the CFSA designation.*

Earning a professional credential from The IIA is the best way to demonstrate your commitment to

advancing in this competitive niche and communicating your breadth of knowledge. Apply between

1 and 30 April to qualify. DON’T MISS OUT ON THE GREAT SAVINGS!

philmudavanhu@

gmail.com