Zimbabwe Cricket audit hits a hurdle

1475756484123

Zimbabwe Cricket has admitted its annual audit, which was required to be submitted to the ICC within six months of the financial year-end, is yet to be finalised more than three months after it was due.

“The audit is going on. It will be premature for us to comment on it at this stage,” Tavenga Mukuhlani, ZC’s chairman, told ESPNcricinfo. “We have a road map in place to finalise the audit and when we are done we will be able to respond to your questions.”

In February the ICC amended its rules to require Full Members to submit an unqualified audit within six months of their financial year-end. ZC’s financial year runs from January to December and so an audit should have been submitted by the end of June.

It is understood that ZC has remained in regular communication with the ICC about the delays to allay any concerns thus far, and the ICC is expecting an audit soon. In the event that ZC is unable to deliver the audit to the ICC, or end up producing a qualified audit, the ICC can raise questions.

Concerns around ZC’s accounts started to emerge when board members were sent a document that was supposedly an audit of the 2015 accounts ahead of the Annual General Meeting on September 14. As was initially reported in the Zimbabwe Independent, the document raised eyebrows among members of the board for the way figures were thrown around without sufficient explanation for how the money had been spent.

The document, which ESPNcricinfo has a copy of, lists tour expenses of US$5.2 million despite the fact that a …

continue reading in source www.espncricinfo.com

Leave a Reply

Your email address will not be published. Required fields are marked *