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Ords 14/1917, 4/1918; Acts 14/1928, 37/1938 (s. 3), 28/1964, 47/1969, 39/1973 (s. 52), 13/1995, 22/2001 (s. 4), 8/2004. R.G.N.s 386/1964, 124/1974, 362/1980.



  1. Short title.
  2. Incorporation of the Institute of Chartered Accountants of Zimbabwe.
  3. Objects of Institute.
  4. General meetings.
  5. Powers of Council.
  6. Registration of chartered accountants.
  7. Registration fees.
  8. Right of appeal to High Court.
  9. Use of designation “Chartered Accountant (Zimbabwe)”.
  10. Cancellation of registration and suspension from practice.
  11. Exercise of disciplinary powers by Council.
  12. Exercise of disciplinary powers of Council on conviction for offence: court to forward evidence.
  13. Inquiries by Council.
  14. Recovery by Council of fine or costs.
  15. Persons having no claim against assets of Institute.
  16. By-laws.
  17. Penalty for unauthorized use of certain designations.

AN ACT to incorporate the Institute of Chartered Accountants of Zimbabwe; to provide for the registration of chartered accountants in Zimbabwe; and to provide for matters connected with or incidental to the foregoing.

[Date of commencement: 11th January, 1918.]

1    Short title

This Act may be cited as the Chartered Accountants Act [Chapter 27:02].

                       2    Interpretation

In this Act—

“by-laws” means by-laws made in terms of section twenty;

“chartered accountant” means a person registered as such in terms of section eight;

“Council” means the council of the Institute;

“Institute” means the Institute of Chartered Accountants of Zimbabwe incorporated in terms of section three;

“Minister” means the Minister of Justice, Legal and Parliamentary Affairs or any other Minister to whom the President may, from time to time, assign the administration of this Act;

“Register” means the Register of Chartered Accountants referred to in section seven;

“student accountant” means a person training under a chartered accountant or a firm of chartered accountants to qualify as a chartered accountant.

                       3     Incorporation of the Institute of Chartered Accountants of Zimbabwe

The persons registered as hereinafter provided are hereby constituted and incorporated into one body corporate by the name of “The Institute of Chartered Accountants of Zimbabwe”, with perpetual succession and the right to use a common seal and to sue and be sued in its corporate capacity, and the said body corporate shall be capable in law of taking and holding any real or personal property for the benefit and purposes of the Institute, with power to dispose thereof but so that the Institute shall apply its profits or other income in promoting the objects of the Institute and shall not at any time pay any dividends to its members.

                       4    Objects of Institute

The objects of the Institute shall be— (a) to establish and maintain the Register; (b) to conduct examinations or to take such other steps as may be necessary to ascertain in terms of this Act whether persons are qualified to be admitted to the Register;

  • to take such legal proceedings or make such application to courts of law as may be necessary to recover any moneys due to the Institute by any person or member, whether the same is in respect of arrear subscriptions or otherwise;
  • to encourage the study of accountancy by the members of the Institute, by student accountants, and by other students, and for that purpose to promote information and education on accountancy matters by lectures, classes, discussion, books, correspondence, examinations and otherwise, and to make donations, and to give certificates, bursaries, scholarships and rewards upon such terms and conditions as may from time to time be prescribed by the Council;
  • to form, support and maintain a library or libraries and reading rooms for the use of the members of the Institute and students;
  • to acquire any rights or privileges which the Institute may regard as necessary or convenient for the purpose thereof, and to make donations for promoting the interests of the chartered accountants’ profession;
  • to establish and support or aid in the establishing and supporting of associations, funds, trusts and conveniences calculated to benefit the members of the Institute, or their dependants or connections, and from any special funds accumulated thereby to grant pensions and allowances to any member of the Institute or his dependants or connections;
  • to purchase, take on lease or in exchange, hire or otherwise acquire any movable or immovable property, and to erect any