Service 01
Audit & Assurance
Our audit methodology is built on a risk-based approach — focused on where an organisation's real exposure sits, rather than on a rigid set of procedures.
Overview
What this service is for.
We begin with the entity, not the checklist: the nature and size of the business, the style of management, the economic environment it operates in and the legal reporting requirements that govern it. Each of those calls for judgement, and judgement is what shapes our approach.
Every audit is conducted in accordance with the International Standards on Auditing. All work is planned, controlled, recorded and reviewed against our own quality control standards before an opinion is signed.
Capabilities
What we do.
Each engagement is scoped to what the organisation actually needs. The list below is the range we work across, not a package.
Statutory external audit
Independent audit of financial statements for companies, institutions, projects and programmes.
Internal audit
Assurance that the right systems and controls are in place, assets are safeguarded, funds properly used and legislation complied with. Procedures are tailored to each client and to industry-specific needs.
Donor and project audit
External audit of funded projects and programmes, informed by a strong understanding of their controls and processes.
Controls and systems review
Assessment of organisational, procedural and information system controls alongside the operating structure.
Risk assessment
Early assessment of identified higher-risk areas, so attention and resource go where they matter most.
Our approach
How we work.
Understand the business
The client's operations, underlying risks, and the legislation and regulation governing them.
Understand the controls
Organisational, procedural and information system controls, and how the operating structure works in practice.
Resource it properly
Ensuring expertise and capacity are available to carry out the audit efficiently and effectively.
Report clearly
Open, clear reporting and communication throughout the engagement, not only at the year end.
Sectors
Where we apply it.
This service is delivered across the sectors below. Industry context changes the risks, the reporting and often the whole shape of an engagement.
Common questions
Before you ask.
Our audits are conducted in accordance with the International Standards on Auditing. The firm is registered with the National Board of Accountants and Auditors (NBAA) of the United Republic of Tanzania.
Rather than applying a uniform set of procedures to every engagement, we assess where your particular exposure sits — in the nature and size of the business, the style of management, the economic environment and the legal reporting requirements — and direct audit effort there.
Yes. TAG Systems Associates conducts internal audits, with procedures tailored to each client's requirements and to industry-specific needs. Independence considerations are assessed engagement by engagement.
Related expertise
Often needed alongside.
Forensic Accounting
Quantifying financial losses and claims arising out of business disputes and transactions.
ExploreTaxation
Tax planning, compliance and representation — managed ahead of the deadline, not after it.
ExploreBusiness Advisory
Planning, risk, systems, policy and profitability — advice that reaches the operating model.
ExploreStart a conversation
Speak to us about audit & assurance.
Tell us about your situation and we will put you in touch with the right person in the firm.