ICAZ reflects on contribution to national development

By Josephine Mugiyo, Diplomatic Correspondent

MEMBERS of the Institute of Chartered Accountants of Zimbabwe met President Emmerson Mnangagwa in Harare this Thursday with discussions centred on the economy and the role of accountants in national development.

With more than 100 years of existence, the institute has gone through various changes over the years.

ICAZ President Tumai Mafunga highlighted how he has been instrumental in changing the status quo of the institution over the years, with regards to demographics and racial statistics.

“We are from the institute of chartered accountants of Zimbabwe. We were celebrating more than a hundred years in existence. The President has been quite a part of the journey in terms of his contributions and racial statistics,” said Mr Mafunga.

President Mnangagwa, who was presented with a book titled: ‘Celebrating the last 100 years and Moving the Marker Forward,’ shared a lighter moment with the accountants as he chronicled how they constantly knocked on his door during the institution’s transformative years.

“The likes of Kudenga always came to bother me, but fortunately, what they were doing was consistent with the revolutionary aspects,” said President Mnangagwa.

With President Mnangagwa having a stance of zero tolerance on corruption, ICAZ pledged to ensure their members prioritise integrity according to the dictates of their profession.

Mr Mafunga also noted the positive strides in the country’s economy confirmed by the increase in industry’s capacity utilisation.

“If we look at what is happening, there has been a lot of positives in the economy. There is increase in capacity utilisation though there are challenges here and there,” he said.

Their discussion with the President also touched on the role ICAZ can play in instilling a culture of professionalism in public accounting systems.