1887

n African Finance Journal - Corporate financial reporting regulation in Zimbabwe

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Abstract

This article analytically examines the legal and institutional frameworks for regulating corporate financial accounting and reporting in Zimbabwe. It also describes the processes of setting accounting standards and adopting international accounting and auditing standards and the mechanisms for monitoring published accounts and enforcing compliance with accounting standards in Zimbabwe. The features of the regulatory framework in Zimbabwe are compared with those of the UK. An amendment to the Zimbabwean Companies Act has changed the country?s strong tradition of professionalism in the practice of accounting to a more prescriptive, legally enforceable regulatory framework. Zimbabwe generally has an elaborate regulatory framework. But, as reported by Owusu-Ansah (1998, 2000), the enforcement of the reporting requirements is not stringent.

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/content/finj/2/1/EJC33778
2000-01-01
2016-12-05
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