217. The external auditors should be appointed for a pre-defined period of time.
218. If necessary, the re-appointment of external auditors should be preceded by a formal and
documented assessment of their independence and performance. Their re -appointment
should be approved annually by a simple majority of the shareholders at an annual general
meeting.

219. External auditors should not be allowed to provide consultancy work to the company which they audit.
220. The audit committee and the Board must be familiar with all the services provided by external
auditors to ensure that the auditors’ independence is beyond reproach and to avoid potential
conflicts of interest.
221. The external auditors should give an assurance of their independence from the company in
writing on an annual basis.
222. The relationship between the external auditors and the chief executive officer and other
officers of the company should be based on professionalism and independence.

• According to the NATIONAL CODE ON CORPORATE GOVERNANCE ZIMBABWE