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Acting Auditor General Rheah Kujinga said local authorities need to bring financial reporting to date, while updating their systems to sustain the IPSAS software.
AGS Harare station manager Shingirai Ruombwa told Standardbusiness in an interview that the company is also working on automating its data through the NAF system.
IPSAS enhances the transparency of financial reporting, making it easier for stakeholders to understand the financial position & performance of public sector entities.
The instances mentioned above, involving the "big 4" accounting firms have significantly heightened scrutiny on auditors from both regulatory bodies and users of financial statements.