• Register
Return to: Home > News > Zimbabwe pursues increased public sector transparency and accountability

Zimbabwe pursues increased public sector transparency and accountability

More than 200 senior officials from central and local government gathered to discuss the next steps in Zimbabwe’s migration to accrual accounting based on International Public Sector Accounting Standards.

The officials were gathered by the Zimbabwean Ministry of Finance, the nation’s Public Accountants and Auditors Board, the International Federation of Accountants and Chartered Institute of Public Finance and Accountancy (CIPFA).

The Zimbabwean finance and economic planning deputy minister Terence Mukupe opened the event affirming the government’s commitment to accrual-based public financial reporting as a cornerstone of sound public financial management and effective, efficient public service delivery.

Key development partners in Zimbabwe, including the European Union, International Monetary Fund, UK Department for International Development, United Nations Development Programme, and the World Bank, shared their expectations for PFM Reform in Zimbabwe.

They encouraged the government to use the recently-completed Public Expenditure and Financial Accountability Assessment to develop a national PFM Reform strategy.

Key outcomes highlighted by Zimbabwe’s accountant general Daniel Muchemwa, included the establishment of a policymaking steering committee that will be supported by an implementation working group comprising meeting participants. They will meet quarterly to establish a high level implementation strategy and monitor progress in the migration to accrual accounting.

Participants identified accrual accounting implementation solutions, drawing on global, regional, and local best practices shared by CIPFA, Organisation of English-speaking African Supreme Audit Institutions, the Government of South Africa, and Government of Tanzania.

 

By Joe Pickard

Top Content

    ARGA team, assemble!

    The new top team has been named that will see in root-and-branch reform at the Financial Reporting Council (FRC) as it transforms into the Audit, Reporting and Governance Authority (ARGA). Will the new duo be as dynamic as some are hoping? Robin Amlôt reports.

    read more

    FASB: a quest for simpler standards

    FASB chair Russell Golden addressed the IMA 2019 Annual Conference and Expo at the Sheraton San Diego Hotel and Marina, California, on 18 June. IMA immediate former chair-emeritus Alex Eng acted as moderator. Joe Pickard reports.

    read more

    The future of audit, and how to get there

    Two recent reports peer into the future of the audit profession. One analyses what an audit should offer, while the other looks at how the audit process will be carried out. Robin Amlôt takes a closer look at both.

    read more

    EFAA elects new president, focuses on digital future

    EFAA’s new president, Salvador Marin, outlined his key priorities for the next two years at the organisation’s 2019 annual general meeting, while outgoing president Bodo Richardt offered advice. Robin Amlôt reports.

    read more
Privacy Policy

We have updated our privacy policy. In the latest update it explains what cookies are and how we use them on our site. To learn more about cookies and their benefits, please view our privacy policy. Please be aware that parts of this site will not function correctly if you disable cookies. By continuing to use this site, you consent to our use of cookies in accordance with our privacy policy unless you have disabled them.