KNOWLEDGE AND SKILLS REQUIRED TO PERFORM FORENSIC AUDITING SERVICES TOWARDS DETECTING ILLEGAL FISCAL RECEIPTS: A CASE STUDY OF INVESTIGATION DEPARTMENT AT TANZANIA REVENUE AUTHORITY

Abstract

Knowledge and skills are very important to perform forensic auditing services. The goal of this research is to examine the skills and knowledge needed to perform forensic auditing services towards detecting illegal fiscal receipts. A case study of the Investigation Department at Tanzania Revenue Authority (TRA). The study used Tanzania Revenue Authority as a case study where the study opted qualitative research approach. The study used 5 investigation officers and 5 tax management officers. Sample size calculated from Yamane formula. Surveys used as research tool to collect the data. The study found that interviewing skills, detail-oriented approach, communication skills, analytical skills, creative thinking and problem-solving skills are the knowledge and skills required to perform forensic auditing services towards detecting illegal fiscal receipts to the investigation department at Tanzania Revenue Authority. The study recommends that forensic auditing skills and knowledge help an auditor to collect facts of financial crimes and fraud, frequently in an operation. Forensic auditors must essentially be knowledgeable in both national laws and auditing in purpose to control fraud when happened.