Audit

  • Top Stories

    Audit targets 36 officials

    THIRTY-SIX high-profile figures, who have assets worth a combined US$4,5 million, are the target of a fresh lifestyle audit that is being conducted by the Zimbabwe Anti-Corruption Commission (ZACC), it has emerged.The anti-graft body recently seized and forfeited 10 mansions and 22 luxury vehicles worth US$8 million. The assets belong to, among others, former Foreign Affairs minister Walter Mzembi, Gender…

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  • Business Briefs

    61% of imported second hand vehicles exceed their lifespan: Audit

    At least 87 percent of imported goods have not been checked for quality, while more than 61 percent of imported second-hand vehicles are rusty and had exceeded their lifespan, as there was no mechanism that ensured pre-shipment inspection of mechanical and structural conditions, an audit has shown. The failure to check the quality of imported goods increased the risk of…

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  • Courts and Law

    Fresh scandal rocks Zesa

    An external audit has unearthed a massive scandal implicating a senior Zimbabwe Electricity Supply Authority (Zesa) executive who allegedly prejudiced the struggling power utility of millions of dollars through underhand dealings. The audit by Price Waterhouse and Coopers (PWC) accuses Wilfred Shereni of failing to sign contract addendums, failure to perform periodic reconciliations regarding the procurement of prepaid a metres…

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