There was some concern over expenses incurred on tour as Zimbabwe Cricket tried to finalise its audit © International Cricket Council
Zimbabwe Cricket is ready to submit its 2015 audit to the ICC, almost four months later than it was due. In accordance with ICC rules all Full Members must file an unqualified audit within six months of the end of its financial year. That was the end of June for ZC, but it has taken them until the end of October to finalise the audit.
In a statement, ZC said it “was satisfied with the audit process and subsequently recommended the adoption of the audited accounts to the Special General Meeting (SGM). Delegates to the SGM, after considering the financial records, adopted the audited accounts.”
The ICC confirmed they were aware of delays in ZC’s audit and that they were in regular communication with the board. However, the ICC did not immediately comment on the news of ZC’s finalised accounts.
Three weeks ago, ESPNcricinfo reported that some members of the board had raised concerns about the figures in an initial audit, with particular scrutiny on US$5.2 million in tour expenses. The amount was thought to be inflated because most of Zimbabwe’s incoming tours were paid for in other ways.
The accounts were rejected by ZC, and its auditors, HLB Zimbabwe, distanced themselves from the report saying they were still waiting for information from the board in order to complete the audit.
ZC now claim to have “worked closely with its auditors who satisfactorily concluded the exercise.”
Firdose Moonda is ESPNcricinfo’s South Africa correspondent
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Source: ESPN Crickinfo