Tanzania
Corporate Guide

Is there a requirement for a company to appoint an auditor in Tanzania?

The Companies Act (CA) requires that a company must appoint auditors at every annual general meeting and determine their remuneration. Every auditor in a company may be re-appointed / terminated upon the resolution of the members of the company. Please note that under section 171 of the Companies Act (CA), certain companies may be exempt from having audited accounts. However, in practice, this exemption is not being followed.