The Institute Of Chartered Accountants of Zimbabwe

The Institute of Chartered Accountants of Zimbabwe (ICAZ) is a professional accountancy body in Zimbabwe. It is the sole organization in Zimbabwe with the right to award the Chartered Accountant designation. ICAZ is a member of the International Federation of Accountants (IFAC). ICAZ was a charter member of the Pan African Federation of Accountants, which was inaugurated on 5 May 2011. ICAZ is also a full member of the Eastern Central and Southern African Federation of Accountants. In January 2010, 134 candidates to become chartered accountants passed part one of the Qualifying Examinations. With 216 students sitting the examination, the pass rate was 62%. On 28 June 2011 ICAZ hosted a one-day tax conference in Harare with focus on taxpayers' rights to tax privacy, customs valuation of goods and international commercial terms. In January 2018 ICAZ past president Martin Makaya stated that a sample by ICAZ of six state-owned entities had showed that only two chartered accountants were sitting their boards, out of 32 board members in total. This compared poorly to the boards of companies listed on the Zimbabwe stock exchange and boards of banking companies.