Summary
Overview
Work History
Education
Skills
Certification
Languages
Referees
Timeline
Generic
Stephen Victorin Lyimo

Stephen Victorin Lyimo

Dar Es Salaam

Summary

Experienced Certified Public Accountant (CPA) and Certified Internal Auditor (CIA) with a strong auditing background. Demonstrated success in developing and executing audit plans and strategies, including national special audits. Known for commitment to integrity, professionalism, objectivism, and accuracy, with a reputation as a trusted auditor. Four years of experience as an external auditor for the United Nations, including serving as Audit Team Leader for The United Nations Relief and Works Agency for Palestine Refugees in the Near East (UNRWA) in Gaza Palestine and West-bank Jerusalem. Expertise in developing and implementing effective auditing procedures, evaluating governance, risks, and internal control systems, and conducting financial statement audits. Senior Internal Auditor at the Tanzania Rural Energy Agency (REA), appointed Acting Chief Internal Auditor for a year before becoming Principal Internal Auditor at the Internal Auditor General Department (IAGD) in the Ministry of Finance. Consistently applied leadership skills, governance expertise, risk assessment abilities, and business acumen to effectively communicate audit recommendations to the Board of Risk and Audit Committee, driving management to implement these recommendations. Currently serving as acting Head of Internal Audit Unit at TANOIL Investments Limited, a subsidiary of Tanzania Petroleum Development Corporation (TPDC), where extensive experience, comprehensive skill set, and deep knowledge of auditing standards and procedures contribute to providing valuable insights to management.

Overview

15
15
years of professional experience
1
1
Certification

Work History

Head of Internal Audit Unit

Tanoil Investment Limited
06.2024 - Current
  • Develop and implement a risk-based internal audit strategy and annual audit plan.
  • Provide leadership and direction to the internal audit team
  • Oversee the execution of internal audits in compliance with International Professional Practices Framework (IPPF), and other relevant standards.
  • Ensure audit findings and recommendations are effectively communicated to management and the audit committee.
  • Evaluate and improve risk management processes within the organization.
  • Assess the adequacy and effectiveness of internal controls in safeguarding assets and ensuring operational efficiency.
  • Provide advisory services to enhance governance practices and organizational efficiency.

Principal Internal Auditor

Office of The Internal Auditor General (IAG)
02.2023 - 06.2024
  • Review of Risk Based Annual Audit Plan
  • Independently help the team perform audits as per requirements of IPPF
  • Developed auditing program to address risks and evaluate regulatory requirements
  • Performed internal audits of financial and departmental operations, developing risk assessments and conducting process walkthroughs for compliance with documented processes
  • Lead audit team during audit assignments and engage in solving problems during the audit process as encountered by the team
  • Review of findings implementation follow ups and update the implementation status
  • Participating in both departmental and auditee meeting - including Opening & Closing Meeting
  • Review and Preparation of quarterly reports

Senior Internal Auditor

Rural Energy Agency (REA)
12.2019 - 02.2023
  • Developed auditing program to address risks and evaluate regulatory requirements
  • Performed internal audits of financial and departmental operations, developing risk assessments and conducting process walkthroughs for compliance with documented processes
  • Produced audit reports
  • Coordinated with external auditors and documented process reviews
  • Performed strategic planning, execution and finalization of audits using data analytics and critical thinking skills
  • Documented recommendations to improve internal controls
  • Evaluated company's policies to determine how well standards adhered to best practices
  • Prepared audit programs and documentation in alignment with Generally Accepted Auditing Standards (GAAS)
  • Administered auditing program to address risks and evaluate compliance with regulatory requirements
  • Reviewed financial statements for adherence to Reporting Standards and corporate regulations
  • Reported audit findings, covering compliance issues related to Reporting Standards and corporate regulations
  • Planned annual audits, evaluating controls across national and international offices

External Auditor

National Audit Office (NAOT)
01.2010 - 11.2019
  • Leading Audit Teams during the audit of;
  • Lead a team in Audit of TEITI
  • Lead a team in audit of Songo-Songo project under Ministry of Energy, TEDAP project, BIOFUEL project, MDEF project, SMMRP project, UNDP projects and European Union (EU) Projects and other Word Bank Projects
  • Rural Energy Agency
  • Lead Internal audit team in all meetings and audit engagements as per audit plan

External Auditor

United Nations Board Of Auditor
04.2013 - 06.2018
  • Plan audit strategy and approach
  • Allocate audit components to team members and provide guidance
  • Organize and lead the audit team
  • Conduct audit meetings with UNRWA department heads and staff
  • Review audit observations issued by team members
  • Audit UNRWA health department's management of medical stores and hospitals
  • Audit UNRWA's procurement and logistics management
  • Audit UNRWA budgets, strategic plans, annual operations plans, and results-based system
  • Audit donations to UNRWA and subsidies given to refugees
  • Audit construction of camps and shelters for Palestinian refugee projects
  • Audit provident funds, including investments and retirement benefits
  • Audit funds managers for all provident fund investments

Education

Certified Internal Auditor (CIA) - Auditing

Global Institute of Internal Auditors
08.2023

Masters Of Business Administration - Finance

Open University Of Tanzania, Institute of Internal Auditors
05.2023

Auditors (NBAA) Certificate of Completion of the Certified Public Accountant (CPA-T) -

National Board Of Accountants
05.2017

Bachelor Of Commerce - Accounting

UNIVERSITY OF DAR ES SALAAM
04.2009

Advanced Certificate of Secondary Education - Chemistry and Biology

Usagara Secondary School
05.2005

Secondary Education Examination -

Dodoma Central Secondary School
05.2002

Skills

  • Audit documenting tool (TEAM Mate)
  • Microsoft Office (Ms Word, Ms Excel, Ms Power Point)
  • Corporate governance
  • Enterprise risk management
  • Internal control frameworks
  • Evaluate governance structure
  • Assess risk management processes
  • Evaluate internal controls
  • Understanding of business environment
  • Understanding of industry
  • Understanding of competitive environment
  • Understanding of strategic objectives
  • Effective communication with stakeholders
  • Writing clear and concise reports
  • Writing presentations
  • Strong leadership skills
  • Managing audit teams
  • Guidance and mentorship to junior auditors
  • Influencing senior management
  • Strong analytical skills
  • Evaluating complex business processes
  • Identifying potential risks
  • Developing effective audit plans
  • Using technology tools in audit process
  • Knowledge of data analytics
  • Knowledge of IT systems
  • Knowledge of cybersecurity risks

Certification

  • Understanding and Evaluation of Information Technology General Controls System (ITGCS), 06/2019, ESAMI, 28 January 2019 - 19 February 2019
  • Public Sector Accounting Standards (IPSAS), Epicor Accounting System and Risk Based Audit Approach, Not specified, National Audit Office

Languages

English
Bilingual or Proficient (C2)
Swahili
Bilingual or Proficient (C2)

Referees

CPA Swalehe Kibwana
Principal Internal Auditor, Rural Energy Agency (REA)
Phone: +255 788 740 002


CPA Joseph Mwigune
Chief Internal Auditor, Tanzania Agricultural Research Institute (TARI)
Phone: +255 659 304 304


Dr. Said Suluo
University of Dar es Salaam Business School (UDBS)
Phone: +255 784 350 214

Timeline

Head of Internal Audit Unit

Tanoil Investment Limited
06.2024 - Current

Principal Internal Auditor

Office of The Internal Auditor General (IAG)
02.2023 - 06.2024

Senior Internal Auditor

Rural Energy Agency (REA)
12.2019 - 02.2023

External Auditor

United Nations Board Of Auditor
04.2013 - 06.2018

External Auditor

National Audit Office (NAOT)
01.2010 - 11.2019

Masters Of Business Administration - Finance

Open University Of Tanzania, Institute of Internal Auditors

Auditors (NBAA) Certificate of Completion of the Certified Public Accountant (CPA-T) -

National Board Of Accountants

Bachelor Of Commerce - Accounting

UNIVERSITY OF DAR ES SALAAM

Advanced Certificate of Secondary Education - Chemistry and Biology

Usagara Secondary School

Secondary Education Examination -

Dodoma Central Secondary School

Certified Internal Auditor (CIA) - Auditing

Global Institute of Internal Auditors

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Stephen Victorin Lyimo