Zimbabwe
Corporate Guide

Is there a requirement for a company to appoint an auditor in Zimbabwe?

Yes. Every company must appoint an auditor within one month of commencing business, and the appointed auditor shall hold office until the conclusion of the first annual general meeting. Every company must, at each annual general meeting, appoint an auditor to hold office from the conclusion of that annual general meeting until the conclusion of the next annual general meeting. Therefore, the company must appoint and retain an auditor for the duration of its existence.

However, a private company will not be required to appoint an auditor if:

• the number of members in the company does not exceed 10; and 
• none of the shareholders of the company is:
  • a public company, whether incorporated under this Act or the law of a foreign country; or
  • a private company which is a subsidiary of a public company; 
• the company is not a subsidiary of a holding company which has appointed auditors; and 
• all the shareholders in such a company agree that an auditor should not be appointed.