Institute of Chartered Accountants of Zimbabwe president, Martin Makaya. ACCOUNTING firms are grappling with shrinking audit revenue due to a worsening economic environment that has resulted in the closure of companies and left many others struggling to survive. Institute of Chartered Accountants of Zimbabwe (ICAZ) president, Martin Makaya, disclosed last week that audit fees from companies listed on the Zimbabwe Stock Exchange went down by 64 percent from about $25 million in 2012 to about $9 million in 2015. The ICAZ president, who is also a partner at BDO Zimbabwe Chartered Accountants, said the institute was still working on the 2016 figures. The worsening economic conditions in the country, Makaya said, had severely affected companies, with…