Undergraduate - UnitACS3770 - Auditing B

This unit entry is for students who completed this unit in 2015 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

Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.

Level	Undergraduate
Faculty	Faculty of Business and Economics
Organisational Unit	Department of Accounting
Offered	South Africa Second semester 2015 (Day)

Synopsis

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.

Outcomes

The learning objectives associated with this unit are to:

evaluate compliance with the regulations applicable to external auditors to identify violations and to make relevant recommendations
assess corporate governance and recommend improvements towards best practices
assess audit risk, controls and recommend improvements for all business processes in the group in various simulated practical scenarios
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
write an appropriate report to communicate the results in simulated practical scenarios
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 ACS3770.

Assessment

Within semester assessment: 30%
Examination: 70%

Workload requirements

Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.

Chief examiner(s)

Ms Blanche Steyn

Prerequisites

Students must have passed AFS2760, ACS2760 or AFW2760, and BTW2201 before undertaking this unit.

Prohibitions

AFW2041, AFW3770, AFW3941, AFW3942, AFS3770