Practice Review
Quality assurance and monitoring of registered practitioners and firms.
Practice Review & Monitoring
Ensuring quality, compliance, and professional excellence through comprehensive monitoring and review programs.
Audit Quality Monitoring
Inspection and review of audit firms to ensure quality and compliance with auditing standards.
Learn moreFinancial Reporting Monitoring
Examination of financial reports to ensure compliance with applicable accounting standards.
Learn moreEducation Regulation & Monitoring
Oversight of education standards, training programs, and constituent body compliance.
Learn moreAudit Quality Monitoring Unit
The Audit Quality Monitoring Unit (AQMU) is responsible for ensuring that registered audit firms maintain the highest standards of audit quality. Through regular inspections and reviews, we promote excellence in audit practice across Zimbabwe.
Quality Inspections
Carry out audit quality inspections of registered audit firms and audit engagements
Partner Rotation
Examine mechanisms for rotation of engagement partners for PIE clients
Auditor Transitions
Ensure compliance with requirements for granting access to incoming auditors
International Cooperation
Liaise and cooperate with African and international auditing regulations enforcement bodies
Ministerial Advisory
Advise the Minister on auditing matters affecting the profession
Inspection Process
Selection
Firms selected based on risk assessment and inspection cycle
Notification
Firm notified of upcoming inspection and documentation required
On-Site Review
Review of audit files, quality control systems, and firm policies
Reporting
Draft report issued with findings and recommendations
Follow-Up
Monitor implementation of remedial actions by the firm
FRMU Key Functions
Compliance Monitoring
Monitor compliance with applicable reporting requirements prescribed by the Board
Financial Report Examination
Examine public entities' annual and half-yearly financial reports for compliance
Sector Regulator Liaison
Liaison and cooperation with other sector regulators
International Cooperation
Liaison with national, regional and international accounting enforcement bodies
Ministerial Advisory
Advise the Minister on accounting matters
Financial Reporting Monitoring Unit
The Financial Reporting Monitoring Unit (FRMU) ensures that public entities in Zimbabwe comply with applicable financial reporting requirements. By examining financial reports and taking appropriate action in instances of non-compliance, we protect investors and maintain confidence in financial reporting.
Entities Subject to Review
- Listed companies on the Zimbabwe Stock Exchange
- Banking and financial institutions
- Insurance companies
- Public interest entities
- State-owned enterprises
Education Regulation & Monitoring Oversight Unit
The ERMO Unit provides independent and effective oversight over the constituent bodies' regulatory obligations and promotes professional conduct among accountancy professionals.
Independent Oversight
Deliver independent and effective oversight over constituent bodies' regulatory obligations
Accreditation Monitoring
Monitor constituent bodies' compliance with accreditation requirements annually
Professional Conduct
Promote adherence to high standards of professional conduct by accountancy professionals
Examination Standards
Evaluate and monitor standards of qualifying examinations, courses and training
CPD Monitoring
Monitor continuing education programmes offered by constituent bodies
International Liaison
Cooperate with local, regional and international bodies on education and licensing
International Education Standards (IES)
PAAB is a member of the International Federation of Accountants (IFAC) and supports the adoption and implementation of International Education Standards (IES), bringing quality of professional education to an internationally recognized benchmark.
The IES provide a comprehensive and integrated approach to accountancy education developed by the International Accountancy Education Standards Board (IAESB).
Learn More About IESEntry Requirements
Practical Experience
Assessment
CPD Requirements
Audit Development Programme
The Audit Development Programme (ADP) is a period of specialization undertaken by professional accountants who want to become Registered Auditors. It focuses on practical training for candidates who have qualified under constituent body exams.
PAAB currently recognizes ICAZ, ACCA, and ICPAZ to provide the ADP qualification. The programme also provides a route for professional accountants to re-enter public practice after a period of absence.
ADP Requirements
- Qualified under constituent body examination
- Registered Public Accountant with PAAB
- Operating at audit executive level
- PAO letter of good standing
- Oversight Registered Public Auditor (ORPA)
For inquiries: adp@paab.org.zw
How to Lodge a Complaint
Any member of the public, organisation, or association may lodge a complaint against an individual registered with PAAB if they feel that the registered member is guilty of improper conduct.
Note: Each constituent body is responsible, in the first instance, for the professional conduct of its members who are registered persons, as per Section 34 of the PAA Act.
complaints@paab.org.zw
+263 24 2795767
4 Cork Road, Belgravia, Harare
Complaint Process
Submit Complaint
Submit written complaint with supporting evidence
Initial Review
PAAB reviews complaint and refers to relevant constituent body
Investigation
Constituent body investigates and conducts disciplinary proceedings
Resolution
Outcome communicated to complainant and appropriate action taken
Questions About Practice Reviews?
Contact our operations team for more information about audit quality monitoring, financial reporting reviews, or education oversight.