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About IIA Zimbabwe

 

History

What is Internal Auditing?

Certification

Contact Details

Mission & Vision

Governance

Memo & Articles

Volunteers Needed

History

The Institute of Internal Auditors Zimbabwe is the only professional body entirely dedicated to the professional development of internal auditing and internal auditors in Zimbabwe.

IIA Zimbabwe was formed in 1988 as an affiliate chapter to the global Institute of Internal Auditors, which sets the International Standards for the Professional Practice of Internal Auditing, and the Code of Ethics, which all members agree to follow.

Established in 1941, The Institute of Internal Auditors Inc (IIA) is an international professional association of more than 107,000 members in 161 countries worldwide with global headquarters in Altamonte Springs, Florida, United States. Throughout the world, The IIA is recognized as the internal audit profession’s leader in certification, education, research, and technological guidance.

IIA Zimbabwe is committed to the ongoing development of internal auditors, and provides a range of training courses and seminars, networking opportunities, publications and other services.

 If you are an internal auditor, we would very much like to welcome you as a member. For information about the various membership options, visit our membership section. To join our mailing list Contact Us.  

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Volunteers Needed!
The Institute relies on the efforts and talents of its members for the smooth running of the governance structure outlined in the constitution. All positions are held by volunteers on a part-time basis, many with the generous support of their employers. Committed volunteers are always needed to serve on committees or ad-hoc working groups. Examples of committees in place include: Audit Committee, membership & Publicity, C.P.E. committee, Research & Educational Development Committee, Finance Committee. If you are interested in volunteering, please send an email to iiazim@mweb.co.zw, outlining your skills and interests.  

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Contact Details

Tel/fax     04 740 422

Cell        011 779 162         

Postal Address:   Box 6170, Harare

Physical Address: 17 Blakeway Dr, Belvedere,  Harare, Zimbabwe                         

Directions: 1st right turn from Samora Machel Ave. from the City Center after Bishop                      Gaul Intersection (VID)

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What is Internal Audit?

"Internal auditing is an independent, objective assurance and consulting activity designed to add value and improve an organization's operations. 

It helps an organization accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control, and governance processes."

In short, internal auditors are charged with monitoring organizational risks and ensuring that the internal controls in place are adequate to mitigate those risks. They provide the audit committee and management with information about whether risks have been identified, and how well they are being managed.

They are different to external auditors because they do not focus only on financial statements or financial risks: much of their work is looking at reputational, operational or strategic risks. They also give an independent opinion on whether internal controls – such as policies and procedures – put in place to manage these risks are actually working as intended.

They provide this information by, for example, checking that the assets of the organisation are being safeguarded; that operations are conducted effectively, efficiently and economically in accordance with the organisation’s policies; that laws and regulations are complied with; and that records and reports are reliable and accurate. Internal auditors also review systems under development to ensure that good controls are built in, and may offer consultancy services or special reviews at the request of management.  

The responsibility to manage risk always resides with management. Internal audit’s role is to identify potential problem areas and recommend ways of improving risk management and internal control.

Internal audit may be provided by in-house staff, or an outsourced team.  Either way, it is independent of the management structure, and reports directly to the audit committee. This independence gives it a unique and valuable perspective on risk management and internal control processes. 

A professional, well resourced internal audit function is an integral and necessary part of an effective corporate governance framework: alongside the board, external audit, and executive management, internal audit is one of the four cornerstones of good governance.

The IIA has developed  The Professional Practices Framework, which offers practitioners a full range of internal audit guidance. The framework consists of three categories of guidance: Code of Ethics & Standards, Practice Advisories and Development & Practice Aids

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Certification

The most widely recognized proof of professional competency is certification. The Certified Internal Auditor (CIA) is the internal audit profession’s premiere designation. The Institute administers CIA examinations in May and November each year in Harare.
To date, more than 50,000 professionals worldwide have earned this prestigious designation. Many business leaders insist that the internal auditors they hire either already hold the CIA, or work toward earning the credential upon job acceptance. More on CIA certification

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