Zimbabwe’s accounting fraternity has complied with International Financial Reporting Standards (IFRS) paving way for increased foreign direct investor (FDI) confidence.
This emerged at the launch of the Women Chartered Accountants Network in the capital on Friday (today) where the chairperson of the organisation Mrs Gloria Zvaravanhu told the ZBC News that the global systems will in the future attract several investors.
“It is a matter of time otherwise we are happy with the developments,” she said.
Compliance with global financial systems will also position Zimbabwe as a safe and viable destination, according to the Institute of Chartered Accountants in Zimbabwe vice president Mr Martin Makaya.
“There is no other way apart from focusing on the viable systems to unlock more capital and wealth,” says Mr Makaya.
The country has in the past few years experienced a rise in the uptake of women accountants by the private and public sectors of the economy, with some of the females taking a role on macro-economic policy decision making.