Faculty of Business and Economics

Undergraduate - Unit

This unit entry is for students who completed this unit in 2014 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, or view unit timetables.

FacultyFaculty of Business and Economics
Organisational UnitDepartment of Accounting
OfferedSouth Africa First semester 2014 (Day)
South Africa Summer semester A 2014 (On-campus block of classes)


This unit introduces auditing covering the responsibilities, functions and qualities of the auditor. The unit reviews the audit process from planning to the completion of the audit and includes the going concern concept; fraud and error; audit evidence; engagement and planning; internal controls and substantive procedures; completion of the audit and special audit investigations. The tests of control and substantive tests performed on the following business cycles are also included: revenue and receipts; acquisitions and payments; inventory and production; payroll and personnel.


The learning objectives associated with this unit are to:

  1. apply the general principles of auditing, the responsibilities, functions and qualities of the auditor and illustrate knowledge of a proper background to auditing in a simulated practical scenario
  2. explain and describe the audit process from planning to the completion of the audit, assess audit risk and determine materiality
  3. describe all the relevant issues regarding the going concern concept and reliance on other parties, and apply this knowledge to various simulated practical situations/in various audits
  4. describe and examine internal controls in the context of external auditing, and apply this knowledge to simulated practical situations and to make recommendations in that regard
  5. apply tests of control and substantive testing to the business cycles
  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 ask the acquisition of a comprehensive understanding of the topics covered in ACS2760.


Within semester assessment: 30%
Examination: 70%

Chief examiner(s)

Workload requirements

Minimum total expected workload equals 144 hours per semester


Students must have passed AFW1002, ACW1002 or equivalent and BTW1201 before undertaking this unit.


AFW2041, AFW2760, AFW3941, AFW3942, AFS2760