Understand your reporting obligations
Identify the reporting framework, relevant legal and regulatory requirements, reporting period and intended users of the report.
Discuss your requirements ↗Audit Insights
Better audit conversations begin
with better questions.
A practical starting point for organisations preparing for a financial, compliance or performance audit. Use these guides to organise your records and prepare for a focused discussion.
Better audit conversations begin with better questions.
Talk to Our Team Are the risks that matter receiving the right audit attention?
Discuss how our audit approach can support your organisation.
Client preparation
Prepare for an effective audit engagement.
Preparing early helps an audit run efficiently. The information required will depend on your organisation, the agreed scope and the applicable reporting framework.
Organise records and controls
Prepare key accounting records, reconciliations, schedules, policies, approvals and explanations for significant balances or transactions.
Plan an audit discussion ↗Identify areas of risk
Consider significant changes, unusual transactions, liquidity pressure, system changes, related parties and known control weaknesses.
See our risk-based approach ↗Prepare for an effective audit engagement.
Talk to Our Team Looking for clear findings and practical recommendations?
Let us help you plan an audit that adds confidence.
Risk-based audit
Questions management can consider.
Use these prompts internally to start organising information. They are not a substitute for the audit team’s own procedures or independent risk assessment.
Financial reporting
- Are significant balances reconciled and supported?
- Have material estimates, judgements and related-party transactions been identified?
- Are unusual or non-routine transactions documented and approved?
- Can revenue and key transaction cycles be traced through the records?
Compliance & performance
- Which laws, agreements, policies or criteria apply to the engagement?
- Are responsibilities and approval limits clearly documented?
- Are operational results supported by reliable performance information?
- Can management explain significant variances and corrective actions?
Questions management can consider.
Talk to Our Team Need clarity on an audit, reporting or compliance question?
Our team can help you identify the right next step.
Professional resources
Professional standards and guidance
External standards and regulatory guidance change. Confirm the version and requirements applicable to your engagement with the relevant institution or professional adviser.
National Board of Accountants and Auditors (NBAA)
Tanzania’s professional accountancy regulator and professional resources.
Visit NBAA ↗International Auditing and Assurance Standards Board
International auditing and assurance standards and related pronouncements.
Visit IAASB ↗International Federation of Accountants
Professional accountancy resources and international initiatives.
Visit IFAC ↗International Financial Reporting Standards
Standards and information on financial reporting frameworks.
Visit IFRS Foundation ↗This page provides general information only. It is not a substitute for professional advice or the scope-specific requirements of an audit engagement.
Professional standards and guidance
Talk to Our Team Would practical professional guidance help your organisation?
Discuss your needs with Jaiwawa Associates.
Accountancy & tax library
Practical reference documents for accountants and tax professionals.
Download the source documents provided for this website update. Many are dated Acts, regulations or summaries; always check the latest amendments, current consolidated law, commencement provisions and TRA guidance before advising a client or preparing a return.
How to use this library
Use these materials as research starting points for tax compliance, accounting support and professional learning—not as confirmation that a provision remains current.
Income tax & tax administration
EFD Regulation 2012_income tax
Reference copy supplied for research; check amendments and current applicability before relying on it.
Open document ↗Income Tax Act Revised Edition 2008
Reference copy supplied for research; check amendments and current applicability before relying on it.
Open document ↗Tax Administration Act 2015
Reference copy supplied for research; check amendments and current applicability before relying on it.
Open document ↗Tax and Duties summary_2020-2021
Reference copy supplied for research; check amendments and current applicability before relying on it.
Open document ↗Transfer pricing Regulation 2018
Reference copy supplied for research; check amendments and current applicability before relying on it.
Open document ↗VAT, stamps & electronic fiscal devices
EFD regulation 2010
Reference copy supplied for research; check amendments and current applicability before relying on it.
Open document ↗Electronic Tax Stamps Regulations 2018
Reference copy supplied for research; check amendments and current applicability before relying on it.
Open document ↗The Stamp Duty Act, 1972_RE 2006
Reference copy supplied for research; check amendments and current applicability before relying on it.
Open document ↗VALUE ADDED TAX ACT, 2014
Reference copy supplied for research; check amendments and current applicability before relying on it.
Open document ↗Customs & excise
EAC Customs Management Act_RE 2009
Reference copy supplied for research; check amendments and current applicability before relying on it.
Open document ↗Excise management_and_tariff_act_RE2008
Reference copy supplied for research; check amendments and current applicability before relying on it.
Open document ↗Finance Acts & other legislation
Finance Act 2016
Reference copy supplied for research; check amendments and current applicability before relying on it.
Open document ↗Finance Act 2017
Reference copy supplied for research; check amendments and current applicability before relying on it.
Open document ↗Finance Act 2018
Reference copy supplied for research; check amendments and current applicability before relying on it.
Open document ↗Finance Act 2019
Reference copy supplied for research; check amendments and current applicability before relying on it.
Open document ↗Finance Act 2020
Reference copy supplied for research; check amendments and current applicability before relying on it.
Open document ↗The Vocational Education and Training Act_RE 2006
Reference copy supplied for research; check amendments and current applicability before relying on it.
Open document ↗Professional reference library: The materials on this page are provided for research and general guidance. They may be historical, amended, superseded, or incomplete and should not be treated as confirmation of the law currently in force. Before relying on any document for tax returns, accounting treatment, compliance decisions, or client advice, check the latest consolidated legislation, Finance Acts, regulations, notices, and guidance published by the relevant official Tanzanian authority, including the Tanzania Revenue Authority (TRA) where applicable. Confirm the effective date and any subsequent amendments. Jaiwawa Associates does not represent that every document is current or complete.