The Effectiveness of Information System Auditing on the Financial Performance of City Councils in Tanzania

Abstract

In today's dynamic and technology-driven business environment, information systems have become integral to the operations of city councils, impacting their financial performance. This study examines the effectiveness of information system auditing as a crucial component in safeguarding the reliability, security, and efficiency of these systems, and its subsequent influence on the financial performance of city councils. The research employs both quantitative and qualitative methods approach involving quantitative financial data analysis with structured questionnaires. Financial performance indicators, such as revenue, cost management, and profit will be analyzed over a specific timeframe to assess the correlation between effective information system auditing and financial outcomes. Furthermore, the analysis from structured questionnaires will highlight the impact, factors, and challenges faced by city councils in implementing effective information system auditing. These challenges encompass resource constraints, evolving technological landscapes, and the need for a skilled and specialized workforce. The study underscores the importance of proactive and comprehensive auditing approaches that align with the council's overall risk management strategy and regulatory requirements. This research underscores the critical role of information system auditing in shaping the financial performance of city councils. As technology continues to advance and the financial industry becomes increasingly digitized, the findings will emphasize the need for continuous investment in information system auditing practices to maintain competitiveness, ensure regulatory compliance, and bolster financial resilience in an ever-changing landscape.