HARARE – The Zimbabwe Anti-Corruption Commission (ZACC) has been fingered in a case of corruption storm as the commission led by Loice Matanda-Moyo played around its financial documents.
A report shows ZACC failed to provide supporting documentation to confirm its expenditures over the past year to Auditor General Mildred Chiri, a situation that may have exposed the anti-corruption agency to looting.
In his report to parliament on state-owned enterprises and corporations last week, Chiri said the audit findings deserved the attention of management and those charged with corporate governance.
ZACC is in charge of fighting transplants in Zimbabwe.
In her report, Chiri explained that some funds and properties could not be accounted for easily because, among other things, they were not fully compliant with international accounting standards (IAS 21).
“The Commission did not fully comply with the provisions of the International Accounting Standards (IAS 21), “The Effects of Changes in Exchange Rates” as Statutory Instrument 33 of 2019, preventing the Commission from making an independent assessment of the functional currency, as required by the accounting standard and against the guidelines of the Board of Chartered Accountants and Auditors,” said Chiri.
- Editor/ additional report by The Standard ZW
