The Zimbabwe Anti-Corruption Commission (ZACC) has courted controversy after it was exposed for failing to submit its accounts for audit by the Auditor General since 2011.
The anti-graft body, which is mandated with combating corruption, economic crimes and abuse of power, is itself accused of bad corporate governance, according to the Auditor General’s narrative report on state enterprises and parastatals.
The Auditor General’s narrative report on state enterprises and parastatals for the financial year ending December 31 last year exposed glaring corporate governance deficiency in most public entities.
Since 2011, the anti-graft commission has not submitted its accounts for auditing and has been at risk of financial loss, owing to unchecked looting and malpractices.
The other affected entities are Air Zimbabwe and its subsidiaries which have not submitted their accounts since 2011.
The National Handicraft Centre and the National Libraries and Documentation Services are the two most affected as they have not submitted their accounts for audit since 2009.
The State Procurement Board is alleged to have failed to submit its accounts for the period between 2013-2014.
According to analysts, lack of financial disclosure by public entities is linked to moves to cover up for gross maladministration.
The report by the Auditor General looks into governance issues, risks and implications of failure to adhere to set regulations.