Comptabilitat a Zimbàbue

Accounting Rules

Tax Year

From January 1 to December 31.

Accounting Standards

Zimbabwe has adopted the International Financial Reporting Standards (IFRS). Current tax legislation does not specify the accounting framework that should be used. The new tax law on income advises taht generally accepted accounting practices be applied.

Accounting Regulation Bodies

Public Accountant and Auditors Board (PAAB)

Accounting Reports

A company is required to prepare financial statements at the end of the fiscal year. These financial statements should show a true picture of the state of affairs of the company (and its subsidiaries, in the case of a group) and include a balance sheet.

Publication Requirements

All companies are required to prepare their financial statements annually, regardless of any audit exemption, and in most cases, financial reporting standards are prescribed.
Only public companies and foreign branches are required to file financial statements with the Business Register, so that they are accessible to the public.

Professional Accountancy Bodies

Chartered Association of Certified Accountants incorporated by Royal Charter in the United Kingdom (ACCA) - Zimbabwe , Chartered Association of Certified Accountants incorporated by Royal Charter in the United Kingdom (ACCA) - Zimbabwe
Chartered Institute of Management Accountants incorporated by Royal Charter in the United Kingdom (CIMA) - Zimbabwe , Chartered Institute of Management Accountants incorporated by Royal Charter in the United Kingdom (CIMA) - Zimbabwe
Institute of Chartered Accountants of Zimbabwe (ICAZ) , Institute of Chartered Accountants of Zimbabwe (ICAZ)
Institute of Chartered Secretaries and Administrators in Zimbabwe , Institute of Chartered Secretaries and Administrators in Zimbabwe
Institute of Certified Public Accountants of Zimbabwe , Institute of Certified Public Accountants of Zimbabwe

Certification and Auditing

All audits must comply with International Standards on Auditing (ISA) and must be carried out by accountants and certified auditors which are members of ACCA or ICAZ. For more information please see the websites of  PriceWaterHouseCoppers, Ernst & Young, KPMG.

Accounting News