Undergraduate - UnitAFW3770 - Auditing B

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

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 all the regulations applicable to external auditors the unit covers audit risk, controls, using a specialist, 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 goals 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 AFW3770.

Assessment

Within semester assessment: 30%
Examination (3 hours): 70%

Chief examiner(s)

Ms Blanche Steyn

Contact hours

3 hours per week

Prerequisites

AFW2760

Prohibitions

AFW2041, AFW3941, AFW3942