Audit Services in Tanzania
An audit is a process of examining a company’s financial statements, to keep a check on the company’s financial position, cash flow, and the operations using standard accounting and auditing principles. In Tanzania, the NAOT (National Audit Office of Tanzania) is the authority that sets the appropriate audit standards in the country. According to the Companies Act of 2002, the government mandates that an audit is to be conducted by a company unless they meet a specific criterion, which is to be specified by the Ministry of Finance and Planning (MoFP). An audit is a process of examining a company’s financial statements, to keep a check on the company’s financial position, cash flow, and the operations using standard accounting and auditing principles. For businesses in Tanzania , an audit is essential, as it gives a level of trust and assurance for investors to have a reason for investing i...