https://www.herald.co.zw/zacc-targets-250-state-entities-departments/

Feb. 4, 2022

The Zimbabwe Anti-Corruption Commission (ZACC) wants all Auditor General reports implemented in full for 250 departments, parastatals and other public entities to enhance public finance management systems and prevent corruption and abuse of power. ZACC sees preventing corruption as important as catching the corrupt.

Signing of an MOU between the Auditor General's (AG) Office and the Sweedish National Audit Office (SNAO).

Sweden will continue providing technical assistance to Zimbabwe in line with the Memorandum of Understanding signed between the Auditor-General’s (AG) Office and the Swedish National Audit Office (SNAO). Speaking at the signing ceremony in Harare the Auditor General Mrs Mildred Chiri said the cordial relations between the two offices date back to the early1990s.

Upgrading the Tax System and Strengthening Auditor General's Oversight role

Government is working with its strategic partners to improve its capacity to collect revenue, use and account for it, cent-by-cent.

In one of the steps to achieve this, a $11,6 million programme to upgrade tax management and strengthen the oversight role of the Auditor-General and Parliament was signed between the Government and the African Development Bank’s (AfDB) Tax and Accountability Enhancement Project.

The agreement was signed by Finance and Economic Development Minister Professor Mthuli Ncube and AfDB country manager Mr Damoni Kitabire.

Red flagging of suspicious accounting records by the Auditor General's Office.

Auditor-general Mildred Chiri has raised a red flag over the Zimbabwe Manpower Development Fund (ZIMDEF)’s non-compliance to International Accounting Standard 21 in respect of its 2018 financials.

IAS 21 outlines how to account for foreign currency trans­ac­tions and op­er­a­tions in financial state­ments, and also how to translate financial state­ments into a pre­sen­ta­tion currency.