Nexus between Internal audits, Internal Control System and Revenue Collection Efficiency in Tanzania

Abstract

An organization's efficacy and efficiency are related to revenue collecting performance. The study examines how revenue collection performance is affected by internal audits and internal control procedures. The study used a quantitative research methodology and positivist mindset, which made it easier to gather and statistically analyse numerical data. To collect data at a particular moment in time, a descriptive study approach was employed. TRA employees engaged in revenue collection, auditing, and monitoring procedures were the focus of the study. To get thorough answers, data was gathered using structured questionnaires with 5-point Likert scale questions. The data was analysed using both descriptive and multiple linear regression analysis. Internal audits had favourable and statistically significant effects on revenue collection performance, according to the regression results. Internal audits had a greater impact (B = 0.340, p < 0.001). The study comes to the conclusion that TRA's revenue collection performance is significantly improved by the efficient implementation of an internal control system. To improve transparency, efficiency, and compliance in revenue collecting procedures, it suggests bolstering monitoring systems and expanding the scope and frequency of internal audits.