LLOYD ZUNGU
B. Com (Hons) in Accounting, B.Compt (Hons) in Accounting, (CA(Z)) equivalent to CPA (T)

Lloyd is a Chartered Accountant with vast experience in external auditing, financial accounting, financial management, information systems and taxation experience which has been acquired in the financial services, hospitality, mining, manufacturing, motor industries and donor funded organisation at reputable auditing firms in SADC. Currently he is an Audit Manager at Innovex Development Consulting, Tanzania responsible for engagement planning, coaching and reviewing team members and preparing assignments reports and any other deliverables. He also involved in supporting quality and superior client service on each engagement as he plays the roles of training manager.  Lloyd has an excellent working knowledge of the computer programs like Microsoft office (Excel, Word, Power point), Pastel, Idea, Caseware, Compass & Compass lite and he has also trained other staff members in the use of the firm’s audit software.Currently, Lloyd is being involved in managing the statutory audits of National Social Security Fund (NSSF) and National Health Insurance Fund (NHIF) for the year ended 30 June 2011 which are in progress. This is his third year managing the statutory audit of NSSF and his the second year managing the audit of NHIF. Both NSSF and NHIF have more than ten branches spread across the country. His main duty involves planning the assignments, supervising the execution of the audit work, writing the report to management on control weaknesses noted during audit and reviewing the financial statement checking for compliance with the International Financial Reporting Standards and the establishing Act.Lloyd was recently involved in the special audit on availability of drugs at MSD. The overall aim of the audit was to determine whether additional Health Basket Fund resources earmarked for the purchase of medical supplies and related supplies through the Medical Stores Department (MSD) during the fiscal years 2009/10 and 2010/11 were used efficiently, effectively and economically in conformity with the existing rules and regulations and did achieve and increased availability of medical supplies and related supplies at district and primary health facility level.Lloyd was recently involved in the special payroll audit of universities and institutes whose main aim was to determine whether the Treasury Payroll for the Institutions corresponded with the approved Staff Establishment estimates maintained by each Institution for Tanzania. He was responsible for heading the audit team responsible for the audit of Sokoine University of Agriculture which has over 1,500 employees.  Among other objectives, the special payroll audit was supposed to identify weaknesses in the payroll systems including payment procedures that may cause misuse of the government resources. He was also to ascertain any possible fraudulent activities; identifying any weaknesses, in the implementation and administration of the Staff Establishment by the Institution and to review and comment on how efficient the fees from the students are spent. The other objective was to identify any other issues that may provide a general over view of the problems in the payroll cycle and payment procedures right from the Ministry of Finance and Economic Affairs to the respective institution.