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The AG said this was contrary to IAS 40 “investment property” paragraph 5, which requires properties held to earn rentals or for capital appreciation or both to be classified as investment property
That the conviction of the Zimbabwe Miners' Federation (ZMF) boss Henrietta Rushwaya for gold smuggling only resulted in a fine and a suspended sentence
A report presented in Parliament by the public accounts committee (PAC) noted that the CAAZ’s controls over the management of cash and bank balances were not adequate.
Guvamatanga said the government had an internal auditing system that had already picked the issues. He appeared to be unhappy that the issues were put in the public dormain by the OAG.
The newly launched Zimbabwe intergovernmental fiscal transfers manual (IGFT) grants the Local government ministry authority to withhold or halt devolution fund allocations