Bachelor of Accounting Sciences in Internal Auditing

Purpose and Rationale

The purpose of this qualification is to enable qualifying students to pursue a career as internal auditors in industry and commerce, and for those students who wish to further their studies to eventually pass the Certified Internal Auditor examination to become Certified Internal Auditors (CIAs) and members of the Institute of Internal Auditors (IIA).

Recognition of Prior Learning (RPL)

This qualification recognises formal prior learning.

Students' prior accredited learning at tertiary level in relevant domains, which constitute credit-bearing units, is recognized.

Entry Requirements

A National Senior Certificate (Degree endorsement), with an achievement rating of 4 (50-59%) or better in the language of learning and teaching, and either Mathematics with a rating of 4 (50-59%) or better, or Mathematics Literacy with a rating of 6 (70-79%) or better.

This qualification comprises compulsory modules at Level 7 and totalling 360 Credits

Compulsory Modules, Level 5, 72 Credits.

• Commercial Law IC, 12 Credits.
• Financial Accounting Principles, Concepts and Procedures, 12 Credits.
• Business Management IA, 12 Credits.
• Sustainability and Greed, 12 Credits.
• Economics 1500, 12 Credits.
• Accounting Information Systems in a Computer Environment, 12 Credits.

Compulsory Modules, Level 6, 180 Credits

• Business Management IB, 12 Credits.
• Financial Accounting Reporting, 12 Credits.
• Legal Aspects in Accountancy, 12 Credits.
• Introductory Financial Mathematics, 12 Credits.
• Contemporary Management Issues, 12 Credits.
• Principles of Taxation, 12 Credits.
• General Management, 12 Credits.
• Corporate Governance in Accountancy, 12 Credits.
• Selected Accounting Standards and Simple Group Structures, 12 Credits.
• Internal Auditing: Theory and Principles, 12 Credits.
• Principles of Management Accounting, 12 Credits.
• Practical Accounting Data Processing, 12 Credits.
• Principles of Strategy, Risk and Financial Management Techniques, 12 Credits.
• Financial Accounting for Companies, 12 Credits.
• General Financial Reporting, 12 Credits.

Compulsory Modules, Level 7, 108 Credits

• Strategic Planning, 12 Credits.
• Strategic Implementation, 12 Credits.
• Application of Financial Management Techniques, 12 Credits.
• Application of Management Accounting Techniques, 12 Credits.
• The Internal Audit Process: Test of Controls, 12 Credits.
• The Internal Audit Process: Specific Engagements and Reporting, 12 Credits.
• The Internal Audit Process: Planning the Engagement, 12 Credits.
• Taxation of Business Activities, 12 Credits.
• Managing the Internal Audit Activity, 12 Credits.

1. Apply general business principles to real life situations.
2. Interpret economic realities of local community.
3. Manage resources (financial, human and raw materials in organisations).
4. Manage information appropriately.
5. Relate knowledge and its contribution to developing different cultures.

Associated Assessment Criteria for Exit Level Outcome 1

• Analyse real life situations to identify needs and opportunities (see Cross-field outcome 1 above).
• Come up with strategic solutions within a variety of routine and non-routine contexts (but not in complex, variable, unpredictable and highly specialised contexts).
• Choose correct procedures to solve specific business problems.
• Organise resources to achieve the maximum output with limited resources.
• Apply appropriate principles to situations, whether in real life or simulated scenarios/case studies.
• Evaluate results of application.
• Show how they meet and maintain the required professional standards, as stated by outside regulating bodies.
• Discuss and present information in appropriate ways (numerically, verbally, graphically, etc).

Associated Assessment Criteria for Exit Level Outcome 2

• Interpret specific current economic events.
• Apply economic principles to real life situations.
• Compare current contexts with past and potential future contexts.
• Relate learning gained from individual experience to knowledge encountered in an academic environment and vice versa.
• Relate learning from experience and academic contexts to different contexts using present and future scenarios.
• Interpret local conditions in relation to international conditions.
• Interpret the past and present in relation to the future.
• Reflect on personal experience and academic disciplines.
• Make connections from personal experience to problems of the local community.

Associated Assessment Criteria for Exit Level Outcome 3

• Evaluate the economic and efficient use and flow of resources within and to an organisation.
• Identify critical areas for resource allocation and management.
• Follow the process in specified procedures (performing and audit).
• Understand the systems approach to the management of the entire organisation.
• Convey findings and recommendations to appropriate levels of management (in appropriate written and/or oral form).

Associated Assessment Criteria for Exit Level Outcome 4

• Use disciplinary- and interdisciplinary-based information related to particular problems (e.g. poverty, violence, racism, gender bias, community development etc.).
• Use this information to explore relationships between economic and socio-cultural situations.
• Take an informed stand on socio-economic and social issues with self-confidence and responsibility.
• Interact with texts (oral and written) through critical listening/reading and inferencing skills.
• Produce critical texts, which integrate information from different sources.
• Use language effectively to convey ideas and insights intelligibly and achieve own purposes.
• Distance herself/himself from texts from different sources, reflect on knowledge and information, and take a critical position.
• Collect, analyse, organise and evaluate information and ideas from a variety of sources in various fields and specific disciplines.
• Critically evaluate information from different sources to solve problems in the relevant field(s).
• Integrate information from different sources to address problems in the relevant field(s).
• Connect theories to the problems in the relevant field(s).
• Use theories from one or more fields to solve problems within another field.
• Apply past and present knowledge to authentic and simulated scenarios.
• Apply past and present knowledge to solve problems in future contexts.
• Demonstrate a knowledge of the information flow in the value creation process within business enterprises.

Associated Assessment Criteria for Exit Level Outcome 5

• Relate information from one discipline to that of others.
• Identify different cultural and economic systems.
• Reconcile different management styles at supervisory and lower management levels.

Integrated Assessment

Formative assessment is done by means of activities in study guides, self-assessment questions in study guides and self-assessment assignments as well as written assignments that have to be submitted for assessment. The assignments are either in the form of multiple-choice questions (MCQs), short questions, essays, or a combination, depending on the level of study. MCQs are largely used at first level. Students must submit at least two assignments for each module. The marks obtained for these assignments contribute a minimum of percentage towards the final mark for the module. The remaining mark is made up of the examination mark. Feedback on activities and self-assessment questions are provided in study guides and tutorial letters. Individual feedback on assignments is provided by assessors in marked assignments while general feedback on these assignments is provided in tutorial letters.