Faculty of Business and Economics

Undergraduate - Unit

This unit entry is for students who completed this unit in 2013 only. For students planning to study the unit, please refer to the unit indexes in the the current edition of the Handbook. If you have any queries contact the managing faculty for your course or area of study.

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6 points, SCA Band 3, 0.125 EFTSL

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FacultyFaculty of Business and Economics
Organisational UnitDepartment of Accounting and Finance
OfferedSouth Africa Second semester 2013 (Day)


The application of South African regulations on the audit profession and the external auditor including corporate governance is dealt with extensively in this unit. In addition to exploring the regulations applicable to external auditors the unit also covers audit risk, controls, the use of a specialist in an audit, developing audit procedures on all business processes including the use of computer-assisted audit techniques (CAATs) and reporting on the results in the audit of groups.


The learning objectives associated with this unit are to:

  1. evaluate compliance with the regulations applicable to external auditors to identify violations and to make relevant recommendations
  2. assess corporate governance and recommend improvements towards best practices
  3. assess audit risk, controls and recommend improvements for all business processes in the group in various simulated practical scenarios
  4. design audit procedures including the use of computerised assisted audit techniques (CAATs) in response to the risk assessment in simulated practical scenarios for all business processes
  5. write an appropriate report to communicate the results in simulated practical scenarios
  6. apply critical thinking, problem solving and presentation skills to individual and / or group activities dealing with auditing and demonstrate in an individual summative assessment task the acquisition of a comprehensive understanding of the topics covered by AFS3770.


Within semester assessment: 30%
Examination: 70%

Chief examiner(s)

Contact hours

3 hours per week


AFS2760 or AFW2760 and BTW2201


AFW2041, AFW3770, AFW3941, AFW3942