The Institute of Chartered Accountants of Zimbabwe (ICAZ) is set to host a seminar on corporate governance on August 30.
The seminar to be held at a local hotel will focus on King III Code on governance and its early adoption in Zimbabwe.
The code places a whole set of new expectations on all business regardless of size or operational sector.
In addition, the symposium will take a look at the roles and responsibilities of auditors as well as the practical Implications of the Indigenisation Act.
Globally, corporate governance has emerged as a discipline that needs to be critically looked at and thoroughly understood. When it is implemented in an effective manner, corporate governance enhances the achievement of strategic direction.
In a statement, the ICAZ CEO, Matts Kunaka underscored the need for organisations as well as business entities to uphold ethical values in order to attain a sound reputation with their stakeholders.
Canaan Dube who is the senior partner for the DHM Law Firm will present a paper on King III code of corporate governance and its early adoption in Zimbabwe. He will also take the opportunity to look at the practical implications of the indigenisation act.
ICAZ Junior Vice-President Tinashe Rwodzi will present a paper on the roles and responsibilities of auditors.
Of late, there has been a proliferation of criticism heaped upon auditors for allegedly failing to perform certain duties and meeting certain obligations.
Unfortunately this criticism has been fueled by public misconception on the role of auditors.
The paper is therefore expected to clarify all the grey areas and enlighten the attendees on what the true position is.