Chartered Accountants key to development

THE Institute of Chartered Accountants of Zimbabwe (Icaz) President Walter Mupanguri says chartered accountants have a critical role to play towards the success of the economy.

Business Reporter

Addressing over 100 students who passed the Professional Practice Examination (PPE) at the weekend, Mupanguri also urged the qualified and aspiring chartered accountants to respect values and ethics as this was important for the profession.

“As you are aware, chartered accountants are of much significance to the well-being of any economy,” he said.

“Therefore, we have a role to play towards national development and economic recovery.

“We are part of the equation towards success of economic turnaround efforts, the upholding of professional ethics and corporate governance issues.

“Chartered Accountants (Zimbabwe) certificate is a reputable qualification that is internationally recognised,” Mapunguri added.

“To be a chartered accountant comes with a lot of weight and magnanimous reverence.

“It also comes with a lot of responsibilities and this means that members of the institute are expected to tread the moral high ground and be exemplary citizens in their professional and social conduct.”

Icaz exam board chairman Bryan Thorn expressed optimism with the Icaz standards and the examination structure.

“The ZCTA (Zimbabwe Certificate in Theory of Accounting) and qualifying levels have met the required standards because ZCTA is fitting in with the South African Unisa programme and Icaz is working well with the examination body in South Africa,” he said.

Thorn also applauded candidates who were training outside public practice (TOPP).

Students study for their examinations alongside the practical training, while serving articles of clerkship with an accounting firm or a company accredited as a training office by Icaz.

11 Responses to Chartered Accountants key to development

  1. Kanaga March 19, 2013 at 4:21 pm #

    I guess what W Mupanguri said at that event was probably meant for that audience only to make them feel important. The Zimbabwean economy depends on all of us Zimbabweans and the politicians making the right decisions and giving an honest day’s work every day. The economy is not dependent on Charted Accountants only. What difference can the CAs alone make if the politicians are messing up and the strong work ethic we used to have is deteriorating?

  2. Tsano March 19, 2013 at 4:34 pm #

    Haiwawo vaMupanguri you over rate your profession. Where will bookeepers keep books if there is no industry. We need technical skills to revive the economy. And what with the ubiquitous ACCA companies do not see any value in employing an overpaid ‘CA’ to do the job.

  3. Tsanzi March 19, 2013 at 5:02 pm #

    For most of what we do in this country, an accounting degree like BComm or BAcc is very adequate. Going forward it is NOT so much about the higher end educational qualifications, but the character of the people running institutions that matters the most. Zimbabwe is not where it is for lack of good education or high-end degrees – we have lots of those. Such traits as honesty, hard work, accountability, will take us a long way. Righteousness exalts a nation!

  4. Onai March 20, 2013 at 8:12 am #

    Shuwa ndapedza 5 minutes ndichinyora a positive comment monditi–‘Sorry but our system recongised you as a spammer’ System yenyu yakapusa, yakadhakwa, yakazara mabugs(defects). Igadzirisei.

  5. Onayi March 20, 2013 at 8:22 am #

    Speech yaMupanguri iri right nekuti yaiyenderana ne Audience yake.Ende iprofession inodiwa nyika dzese kana uchitsvaga basa.Ngatikurudzireyi vadiki(nevakuru vanoda kudzidza) kuti vaite maprofession anobhadara seaya nemamwewo, chero munhu une chaunoti ini ndinoita nezvezvakati.
    C.A yakakora musadherere.Munhu waC.A zviri easy kupinda muboardroom comapred to munhu ari technical, its a fact.Mupanguri ari right, bigger profession yako.Chero driver we gonyeti anobigger basa rekudriver gonyeti kana ane vamwe vake kana paruzhinji.
    Hazvirevi kuti mamwe mabase haana basa nekuti we are all inter linked.

  6. Mazhazhate March 20, 2013 at 8:47 am #

    I bet you there are some comments here from people who wanted to be CA’s but failed!!! it’s never too late guys.

  7. Kanaga March 20, 2013 at 1:56 pm #

    That CA know their stuff & earn big is not in dispute. Just saying we cannot focus on one group of professionals to revive Zim because they cannot do it alone.

  8. soulman March 20, 2013 at 4:51 pm #

    @tzansi u spot on, all accounting qualifications teach the same accounting n auditing standards like bacc, bcom,cis, iac so having these u r more thn equiped 2 be an accountant. for an economy like zim, these are enuf! our boss r ca, whn he qualified in 1983, they examined 3 standards only. and anway industry needs to be resusitated for accountants to be employed., and also bcz they charge big salaries…

  9. Sinyoro March 20, 2013 at 5:35 pm #

    If walter was to mention the full list of what is important to the economy it was going to be necessary but irrelevant to the audience. Imagine him saying we need a new Constitution, Political Will and tolerance, Good kindergarten, ..yes it is tru but relevant.
    CAs are indeed needed as such he is justified to bring out that point.

  10. soulman March 20, 2013 at 7:31 pm #

    ca’s r needed, bt i think technical pple r needed mo lke engineers, architects,etc. jobs cn b created through technical skills. chartered acctnts much as their r gud nd essential r needed in a thriving economy, cz many jobs hve 2 b created for them to manage finances in these companies

  11. Sly March 21, 2013 at 7:02 am #

    @tsanzi, u a right. I think we dont hve shortage of those pple. Economy needs technical staff who produce n capital from investors. Thats why u c tht over 90% of proffessnals in diaspora are technical, engineers n medical. Of cause thy a needed, bt vanongodiwa washoma zvekuti we hve enough n employed by productn industries.

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