Professional accountants, acting in the public interest, play a major role in the fight against corruption, Finance and Economic Development deputy Minister, Clemence Chiduwa has said.
Muduwa, who spoke at the Institute of Chartered Accountants of Zimbabwe (ICAZ) presidential dinner held in the capital Harare ahead of the Pan African Federation of Accountants (PAFA) annual general meeting which kicks off Monday in the resort town of Victoria Falls, said corruption is a major threat to economic stability.
The PAFA meeting runs until Thursday.
The ICAZ dinner was attended by PAFA president, Cosme Goundete, vice president, Keto Nyapendi Kanyemba, Public Accountants and Auditors Board (PAAB) secretary Admire Ndurunduru, PAAB chairman of the Zimbabwe Accounting Practices Board, Lewis Hussein, ICAZ senior vice president , Davison Charamba, ICAZ junior vice president, Manyara Chigunduru, ICAZ CEO, William Mandisodza and other Professional Accountants Organisations (PAOs) members in Zimbabwe and several others from countries across the African continent.
“We are meeting for a developmental cause that will allow us to move forward, not only as Zimbabwe but as Africa. We have seen that where we allow corrupt activities to prevail, where we allow misallocation of resources to prevail, we will not go far. And this is where the coming in of the accountants is critical to ensure that resources are well accounted for, resources are deployed in the way they have been planned for,” Chiduwa said.
Speaking at the same event, Ndurunduru called for collaboration among the PAOs.
“Collaborating in delivering on our public interest mandate as a profession is the way to go. I think in our previous session the message that we were asked to take home was the voice of the profession being heard in the national issues, regional and international issues. By getting together we have a bigger voice. Two minds are always better than one. Let’s collaborate, lets collaborate.”
ICAZ President, Tumai Mafunga said: “It’s really an honour to have you (PAFA delegates) in Zimbabwe, allowing us to interact. We have received support from each and every one of you in various areas over the years. That support has been felt not only by PAOs and the regulators. But also across all our industries. We have also had the support from government. The presence of the deputy minister (Clemence Chiduwa) speaks to the journey that we are trying to take as a country.”