The Internal Auditors Association of Tanzania (IIA Tanzania) has identified risk exposure as a major issue impacting organisations during audits, reported local publication the Daily News.
It also cautioned that poor handling of risk can weaken operational efficiency.
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Speaking at the launch of the Internal Audit Awareness Month event in Dar es Salaam, IIA Tanzania president Jonathan Ngoma said many operational problems arise because institutions do not adequately manage risks.
He added that these issues affect projects as well as routine activities.
The awareness campaign is intended to build a broader understanding of how internal audit functions reinforce governance structures and accountability systems within organisations.
Ngoma noted that internal auditors are mandated to check whether institutions are operating in line with approved procedures, guidelines and regulatory requirements.
He added that the auditors must also offer independent evaluations of performance, including strengths and shortcomings.
Ngoma was quoted by the Daily News as saying: “We assess projects to determine whether procedures have been followed and report to the respective boards on what has been done well and what requires improvement.
“The objective is to support institutions in enhancing performance.”
He added that internal auditors work alongside management and boards to follow up on audit recommendations so that they translate into practical changes, with the aim of improving efficiency and contributing to wider national value creation.
Ngoma underlined that cooperation between auditors and the entities they review is essential if audits are to deliver their intended results.
IIA Tanzania brings together internal audit practitioners and other stakeholders with an interest in internal auditing in the country. The institute has been registered in Tanzania since 2006.
