The factors influencing the successful adoption of the international standards on auditing by Small and medium size practitioners in Tanzania

This research draws a vibrant discussion on the Factors Influencing the Successful Adoption of International Standards on Auditing by SMPs in Tanzania. It explores the extent to which financial, human resource, client and regulatory related factors influence the successful adoption of ISAs. The specific objectives of the study were to identify the financial related factors, to identify the human resources related factors, to identify the regulatory related factors influencing the successful adoption of ISAs by SMPs in Tanzania and to identify contingent related variables that mediate the effect on the relationship between the factors and successful adoption of ISAs by SMPs in Tanzania The study used descriptive research design, where by stratified random sampling technique was employed to collect data from SMPs in Tanzania, using questionnaire. Data were analysed descriptively and presented through tables and percentages and finally processed using the Statistical Package for Social Science (SPSS).Generally the findings revealed that financial, human resources, regulatory and contingent factors have significant influence on the successful adoption of ISAs by SMPs in Tanzania. However, these factors affect specific ISAs requirements and not the adoption of all ISAs. In conclusion, this study has achieved its research objectives. The study recommends that: Policy makers should Identify and provide more proactive support mechanisms to SMPs in their planning for internationalization, including support in identifying the most attractive, fast-growing international markets to encourage their involvement in fast-growing economies.