Zimbabwe Anti-Corruption Commission fails to account for over $700 000

The Auditor-General Mrs Mildred Chiri in her annual report on state enterprises and parastatals for  2016  revealed that the Zimbabwe Anti-Corruption Commission was not maintaining proper books of accounts. She highlighted various irregularities including the fact that the anti-corruption watchdog was failing to account for over $730 000.

Part of her report reads:

The commission was not maintaining proper accounting records and as a result ledger balances were not agreeing to the trial and the financial statements.

Management could not reconcile the variances between amounts in the ledgers, the trial balance and the financial statements. The statement of financial position had an imbalance or suspense of $693 611 and the cash flow statement was out of balance by $40 908.

The imbalances should be investigated and resolved. The commission should maintain proper books of accounts and consider using a computerised accounting package.

ZACC responded with:

The observations made are true, however, we are pleased to advise that the commission has introduced a computerised accounting system….We are hindered as the responsible accounting officers have since left the organisation on allegations of criminal abuse of office.

More: Herald

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