Icaz flies the chartered accountant flag
THE longest serving Institute of Chartered Accountants of Zimbabwe (Icaz) is a statutory body incorporated under the Chartered Accountants Act (Chapter 27:02) formed in 1918.
With a vision to be the pre-eminent professional body in the development and promotion of accountancy, assurance and advisory services, business and good governance practices, Icaz has been flying the flag high. Its mission is to enhance the international standing and recognition of the qualification Chartered Accountant (Zimbabwe), for the benefit of its members and to support such members in providing quality services in the public interest.
About Icaz
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Icaz is the largest and oldest professional accountancy organization (PAO) in Zimbabwe.
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Icaz contributes to the majority of members registered by the Public Accountants and Auditors Board (PAAB).
e Icaz council is the governing body led by a president who is elected into office annually.
e council works through various committees such as:
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Accounting Procedures Committee (APC) Auditing and Professional Standards Committee (APSC)
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Continuing Professional Development Committee (CPD)
+/- 18 other committees
Icaz has three membership categories:
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Articled Accountant membership AA(Z) category is applicable to:
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Students who completed and had their articles discharged
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Students who completed articles but their articles were not discharged
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Students who have not passed the final qualifying examinations but completed their articles
Chartered Accountant CA(Z) category is applicable to those who:
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Satisfy the Institute’s requirements regarding practical experience during training,
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Have served under a training contract with an Accredited Training Office (ATO),
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Have passed the Institute’s qualifying examinations (i.e. CTA, ITC and APC) and
• Have applied and been admitted to the Institute as a member.
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Fellow Chartered Accountant FCA(Z) Category applies to:
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ose who have been members of the Institute for at least 10 years and are in good standing and with a clean disciplinary record. (Members need to apply and gain admission into this category)
The role of Icaz
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Develops CAs and administers students training records at any time and supervises accredited training offices (ATO).
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Monitors and regulates the conduct of its members.
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Maintains a register of members who are in public practice.
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Provides thought leadership engagement on economic and business matters.
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Leads on accounting technical Issues. Administers, conducts and controls the Icaz examination structure through the exam board.
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e institute provides continuous professional development seminars to its members.
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Organises business events and conferences for the benefit of members and the public.
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Provides career guidance to prospective students
Who is a CA(Z)
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In Zimbabwe, a CA is a member of the institute of Chartered Accountant of Zimbabwe.
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Among other positions in business a chartered accountant can work as:
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Auditor
Accountant
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Business adviser
Financial manager
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Tax consultant
CEO
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Director
Most members of the institute hold influential positions in the economy.
International affiliation
Icaz is a member of the Pan African Federation of Accountants (Pafa) and the only Zimbabwe PAO which is a member of the International Federation of Accountants (IFAC) and is also an associate member of the Chartered Accountants Worldwide (CAW). e institute enjoys reciprocal arrangements with a number of chartered accountants institutions such as SAICA in South Africa, England and Wales, Canada, Australia and New Zealand, Hong Kong, and Ireland.
ese arrangements benefit our members in that, among other things, those that are in the respective jurisdictions can access various membership services offered by the reciprocal institute and also gain formal recognition of their professional status in the same areas.
ese agreements generally also allow Icaz to cooperate better with the respective bodies in terms of strategic initiatives and other areas of mutual interest.
Icaz chapters
Icaz chapters are a grouping of Icaz members in the same area of residence allowing them to come together and share ideas as well as networking.