Institute Of Chartered Accountants Of Zimbabwe
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The Institute of Chartered Accountants of Zimbabwe (ICAZ) is a professional
accountancy Accounting, also known as accountancy, is the measurement, processing, and communication of financial and non financial information about economic entities such as businesses and corporations. Accounting, which has been called the "language ...
body in
Zimbabwe Zimbabwe (), officially the Republic of Zimbabwe, is a landlocked country located in Southeast Africa, between the Zambezi and Limpopo Rivers, bordered by South Africa to the south, Botswana to the south-west, Zambia to the north, and Mozam ...
. It is the sole organization in
Zimbabwe Zimbabwe (), officially the Republic of Zimbabwe, is a landlocked country located in Southeast Africa, between the Zambezi and Limpopo Rivers, bordered by South Africa to the south, Botswana to the south-west, Zambia to the north, and Mozam ...
with the right to award the Chartered Accountant designation. ICAZ is a member of the
International Federation of Accountants The International Federation of Accountants (IFAC) is the global advocacy organization for the accountancy profession; mainly for the financial accounting and auditing professions. Founded in 1977, IFAC has more than 175 members and associates in ...
(IFAC). ICAZ was a charter member of the
Pan African Federation of Accountants The Pan African Federation of Accountants (PAFA) is the regional body that is aimed to represent African professional accountants with one and louder voice, particularly in relating with International Federation of Accountants (IFAC). It was inaug ...
, which was inaugurated on 5 May 2011. ICAZ is also a full member of the Eastern Central and Southern African Federation of Accountants. In January 2010, 134 candidates to become chartered accountants passed part one of the Qualifying Examinations. With 216 students sitting the examination, the pass rate was 62%. On 28 June 2011 ICAZ hosted a one-day tax conference in
Harare Harare (; formerly Salisbury ) is the capital and most populous city of Zimbabwe. The city proper has an area of 940 km2 (371 mi2) and a population of 2.12 million in the 2012 census and an estimated 3.12 million in its metropolitan ...
with focus on taxpayers' rights to tax privacy, customs valuation of goods and international commercial terms. In January 2018 ICAZ past president Martin Makaya stated that a sample by ICAZ of six state-owned entities had showed that only two chartered accountants were sitting their boards, out of 32 board members in total. This compared poorly to the boards of companies listed on the Zimbabwe stock exchange and boards of banking companies.


References

{{Authority control Member bodies of the International Federation of Accountants