IT Audit Is Now Mandatory in Zimbabwe. Here’s What Every Organisation Needs to Know
IT Audit Is Now Mandatory in Zimbabwe. Here’s What Every Organisation Needs to Know With the full implementation of the Cyber and Data Protection Act [Chapter 12:07] and the subsequent Statutory Instrument (SI) 155 of 2024, IT Audits are now a legal imperative in Zimbabwe, not merely a best practice. As of 2026, organizations must prove rigorous controls…
Why Large Zimbabwean Firms Are Failing and What Can Be Done to Prevent Collapse
Why Large Zimbabwean Firms Are Failing and What Can Be Done to Prevent Collapse Zimbabwe is experiencing a sharp rise in large‑scale corporate distress. The recent wave of major companies entering formal rescue proceedings highlights deep‑seated structural challenges affecting even the most established enterprises. Liquidity Mismatches Are Suffocating Big Businesses Many firms are relying on…
Corporate Rescue in Zimbabwe: A Lifeline for Struggling Businesses
Raymond Sibanda International Liaison Partner Insolvency Practitioner MBA, BSc (Hons), CPA, REA, RPAcc Corporate rescue, also known as business rescue or restructuring, is a legal framework designed to assist financially distressed companies in Zimbabwe to restore solvency and continue operations. The process aims to balance the interests of creditors, shareholders, employees, and other stakeholders while…
Organisational Fraud in Zimbabwe: Challenges and Solutions
Understanding Organisational Fraud Organisational fraud in Zimbabwe has become a significant issue, impacting both the public and private sectors. This type of fraud involves deceitful practices by employees or management to gain financial or personal benefits at the expense of the organisation. Common forms include embezzlement, bribery, and financial statement fraud. Causes of Organisational…
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Crowe Forensic Services
Our dedicated team enables clients to achieve their corporate and strategic goals for 2023 and beyond. In this article, Crowe’s Forensic Accounting team answers some of the common questions clients have relating to #fraud, #investigation & #responses to the #fraudscheme. #team #accounting #forensicaccounting #crowe #maauditormanyama Click here to Get the full article
Corporate Recovery
The overall aim and objective of corporate recovery is to prevent the company from becoming extinct due to a liquidation process, by implementing plans to restructure an organization. Corporate Recovery is necessary when a company is in financial distress and requires the assistance of a professional to develop a plan to improve its financial situation….
WACC Decomposed
Businesses frequently wonder what WACC is and whether it is actually helpful for running their operations. Weighted Average Cost of Capital (“WACC”) is the average blended cost of capital across all diverse sources, including common stock, preferred shares, and debt. The cost of each type of capital is weighted as a percentage of the total…
Top 7 Benefits of Auditing a Small Business
Small businesses are the backbone of the African economy and so, for the most part, keeping them running at optimum efficiency is everyone’s best interest. To this point, small business owners are faced with a deluge of information and business advice to having the most effective business strategy. One piece of sage business wisdom that…
HOW TO PROPERLY REACT TO A FRAUD OR SUSPICION OF FRAUD AT THE WORKPLACE
We at Crowe Forensics have found, and are being called upon to attend to, an upsurge in fraud and other white-collar misdemeanors at various workplaces in Zimbabwe. This surge has become relentless as of the onset of the COVID-19 pandemic. On the other hand, Courts have virtually desisted from entertaining any workplace fraud case without…