*COVID-19 inspires mindset change among auditors
National Bank of Malawi (NBM) Plc has presented K1.5 million to the Institute of Internal Auditors (IIA) as it gears for its 2020 annual conference. Presenting the chequ on Monday Daniel Jere, NBM's Head of Internal Audit said banks employ auditors to secure their systems and provide assurance to its stakeholders regarding adequacy, effectiveness and corporate governance practices.
“As you can imagine being a bank, we service all kinds of customers and one of the services is to ensure customers' funds are secure. It is not just a responsibility but serves our own interest in helping the Institute,” he pointed out.
He explained COVID-19 affected the bank like every other sector but pointed out it did not just bring the downside but other opportunities as well.
“We have seen an uptake in our digital platforms customers could not simply interact with us physically and we had to provide digital platforms so they could transact in their own convenience in their own space and time.”
IIA board member Rabecca Mtekateka and chairperson of the annual conference organising received the cheque and expressed gratitude to the bank.
This year’s theme is: ‘Insightful Internal Auditing and Pushing the Traditional Boundaries’
“We were used to working in the office, moving from one department to the other and the changes have made us think on how they can still be effective in any other situation,” said Mtekateka.