Powerspeed flouts accounting standards

  POWERSPEED Electrical (Powerspeed) says distortions caused by recent fiscal and monetary reforms in Zimbabwe have forced it to ignore certain accounting standards.Advertisements In its results for the year ended September 30, 2019, the company said “the re-introduction of a local currency has muddied both the operational and financial accounting waters”. “We have chosen not…

Subscribe to read full article. Subscribe today

Related posts

ZiG yield curve adjustment expected

Govt to safeguard forex assets in mono-currency shift

Aid funds fall short of target

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Read More