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| Business |
| ‘Malawi needs more auditors’ |
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by
Edwin Nyirongo, 05 October 2004
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17:02:02
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Managing Director of Corporate Governing Training Centre (CGTC) Anthony Mukumbwa said Saturday for every company or organisation to succeed there is need to have a well trained and focused audit department.
He was speaking at CGCT college in Blantyre at a cocktail party organised to award students who excelled in their mock examinations.
Mukumbwa said there should be more efforts to train auditors.
“Just imagine, as of May this year there was only one certified internal auditor (CIA) in the country. This shows that we are yet to acknowledge the role certified auditors play in organisations,” he said.
Mukumbwa said South Africa is leading in Africa with 496 CIAs while the United States of America leads the world with 30,417.
He said he decided to set up the centre after realising a gap in professional internal auditing in Malawi.
“This is the only institution that prepares students to write the Certified Internal Auditors (CIA) exams which are set and marked in USA by the Institute of Internal Auditors,” he said.
He then took a swipe at some employers who employ people with accounting qualifications as auditors.
“ACCA and CIMA are for accountants and CIA is for internal auditors. You cannot train an electrician by sending him/her to do a mechanical course, ”he said.
Corporate Governance Training Centre is a division of Corporate Governance Centre, a wholly Malawian owned fifm specialising in internal audit, fraud investigation and corporate governance consulting.
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