According to the Education Fund Act, 2001 among of the objectives and functions of Tanzania Education Authority is to monitor the use of funds disbursed and ensure adherence to the objectives of the Fund.
One of the ways to ensure that this objective is achieved is to conduct Audit and Investigations.
Auditing is strategically done to ensure that support has reached recipients in the required quantity and quality. It ensures that there is value for money. Not only to ensure that support reach beneficiaries but also ensure that the same is properly stored and is in use.
In today’s corporate world good governance and accountability are emphasized. To ensure that TEA adheres to that auditing function is carried out. This also ensures transparency and accountability in the use of funds and supported items from stakeholders.