NUST, ZIMRA TEAM UP AGAINST THE LOSS OF REVENUE

Internal Controls, Fraud Detection and Prevention Seminar

The NUST Centre for ContinuingEducation (CCE) recently conducted a seminar on Internal Controls and Fraud detection for senior Zimbabwe Revenue Authority in a move to curb the loss of revenue by the nation. 

The seminar, held in Harare was facilitated by the Chairman of the Accounting Department, Mr. Dumisani Madzivanyati who noted that the main aim of then course was to ensure that ZIMRA stops leakages of revenue, finds new ways of collecting taxes and leave very little room for tax evasion.

“ZIMRA being the revenue collector for government, it must be a well-oiled machine at all times in order to achieve its mandate,” said Mr. Madzivanyathi. “The course covered issues such as internal controls and fraud detection from the basic technical methods to the modernized methods which are used internationally,” he added.

Special reference was made with emphasis on how to implement these effectively, weed out corruption and loopholes in the revenue collection system,” Madzivanyati highlighted.

NUST finds it essential to join efforts with industry and the Government to revive the economy in partial fulfillment of ZIMASSET.

“NUST-CCE and the Department of Accounting strive to create synergies with all spheres of industry and the ZIMRA seminar was the dawn of a great partnership with ZIMRA,” said Madzivanyati.

26 ZIMRA officials who are at senior management level attended the course.

Adapted from NUST newsletter