‘Automate financial systems to enhance transparency’

PARASTATAL bosses have been urged to automate their financial systems in order to enhance transparency and accountability in the management of public finances.

This was said last Thursday by the Deputy Auditor-General Nyasha Magadza during the launch of the internal audit awareness month, which was hosted by the Zimbabwe National Water Authority (Zinwa) in Chivhu.

“One of the challenges faced by the auditors both internal and external is to ascertain whether all the manually-generated transactions are accounted for as there is an increased volume of transactions processed,” she said.

This story is for NewsDay subscribers.