UNIVERSITY OF THE WESTERN CAPE
Faculty of Economic & Management Sciences
Department of Accounting
Module Outline
Auditing 322 (Undergraduate)
Auditing 614 (Postgraduate)
Full Year 2024
1
General Information
It gives us great pleasure to welcome you again to the Department of Accounting. We hope that
your association with the Department of Accounting will continue to be a pleasant one and that
you will find your studies in Auditing 322 / 614 stimulating and rewarding.
Module Coordinator
Name:
Email:
Room:
Tel:
Mr. Ismail Mohamed CA(SA)
ismohamed@uwc.ac.za
4.21 EMS Building
021 959 3257
Consultation Hours
Monday period 3 & 4 (10:20am – 12am)
Tuesday period 3 & 4 (10:20am – 12am)
Class Times
Monday period 1 & 2 (8:30am – 10:10am) in SC3
Tuesday period 5 (12:10pm –12:55pm) in SC3
Tuesday 6 – 7 (2pm – 3:40pm) in SC3
Auditing Subject Head
Independent Lecturer
Name:
Email:
Mrs. Shireen Hendricks CA(SA)
shhendricks@uwc.ac.za
Mr. Ismail Mohamed CA(SA)
ismohamed@uwc.ac.za
2
1. Module Overview
Auditing 322 / 614 is a year course presented for Bachelor of Commerce in Accounting 3rd year
and Advance Diploma in Accounting students.
Main Outcomes







Discuss, explain and apply the regulatory principles, as contained in the International
Standards of Auditing, governing the external auditor’s work.
Design and perform test of controls on key internal controls implemented by management but
also relevant to the auditor.
Discuss and apply the various stages of the external audit process to a given scenario.
Demonstrate a practical ability to apply the principles and concepts governing the various
stages of the external audit process, including audit planning; materiality and risk assessment;
substantive procedures; completion of the audit; subsequent events and going concern.
Design audit programmes for both manual and computerised environments.
Prepare, select and discuss the appropriate type of audit report that an external auditor can
issue in a given situation.
Explain how IT influences audit procedures with application to specific scenarios.
Main Contents








The stages of the external audit process
Performance of an interim audit, identifying key internal controls and performing test of
controls
Concepts and principles important to the external audit process, e.g. audit planning,
materiality and risk assessment, substantive procedures, completion of the audit, subsequent
events and going concern
The regulatory environment governing the external auditor’s work, including International
Standards of Auditing
Audit testing in both manual and computerized environments
The reports that an external auditor can issue
The influence of IT on an audit
Examinable pronouncements as yearly communicated by SAICA
3
2. TEACHING AND LEARNING
Learning and Teaching Activities
The primary mode of learning and teaching takes place in the classroom (face to face).
Before students attends face to face class, the student should read the chapter or sections
thereof, in order to familiarize themselves with the content as well as know where the sections
etc. are within the ISA and textbook for ease of reference.
During the face to face class, we encourage students to participate in and contribute to the
discussion as well as ask questions if they are unclear.
After class, students should revise the content they have completed, consult with lecturer if
unclear on a specific area and complete the tutorial questions as a practice of whether the student
grasped the topic.
The teaching philosophy is, “teaching students the basic concepts of a topic so that the student
can apply it to changing scenarios.”
We will not be teaching students various types of class examples and then give the student the
same question in an assessment, which would require nothing more of them than doing a “memory
dump”.
There are four assessments which count toward the student’s continuous assessment mark
(“CAM”). The assessments are written sit down and students should, insofar possible, replicate
exam conditions when completing assessments.
Benchmark test covers only Auditing Level 2 content. This is to determine the foundation that
the student is working from. If a student fails this assessment, it should be an indication of how
much work the student needs to put into the module for the remainder of the year.
Test 1 integrates the planning topics to a greater extent. All questions are scenario-based
questions.
June exams covers and integrates all topics from Level 2 till the end of first semester. All
questions are scenario-based questions.
Test 3 integrates the all topics of Level 3. All questions are scenario-based questions.
4
Assignment will be the Deloitte project where you get to work on course content as well as a
presentation.
You have ample opportunities during the year to obtain your CAM. You have to work consistently
throughout the year to make sure you obtain the required 40% CAM in order to be able to write
the final assessment. No exceptions regarding this matter will be entertained with any student who
did not obtain a 40% CAM. The final assessments consist of the final and re-evaluation
examinations. These examinations are summative in nature and test all topics in an integrative
manner.
3. Graduate Attributes
Tier 1 – Generic Attributes
Attribute
Scholarship
Citizenship and the
social good
Lifelong learning
Explanation of attribute
Demonstrate attitude to knowledge
and understanding within context of
rapidly changing environment.
Should be engaged, committed and
accountable agents of social good.
Context within course
Application of theory based on real
life and relevant case study
situations.
Understanding and applying the
principles
of
the Code
of
Professional Conduct within the
accounting profession.
Committed to and capable of Updating ones knowledge with the
continuous collaborative and individual different ways of applying the tools
learning.
and techniques used to perform and
applying
the
principle
of
unpredictability
in
audit
engagements.
Tier 2 – Personal skills and abilities
Attribute
Inquiry – focused and
knowledgeable
Critically and
relevantly literate
Autonomous and
collaborative
Ethically,
environmentally and
socially aware and
active
Skilled
communicators
Explanation of attribute
Create
new
knowledge
and
understanding through the process of
research and inquiry.
Seek, discern, use and apply
information effectively in a range of
contexts.
Work
independently
and
in
collaboration with others.
Should be critical and responsible
members in their communities.
Context within course
A group presentation will allow
students to research and discern on
the given topic.
Students will need to critically apply
their minds to the research
gathered,
collaborate
and
communicate via their interpersonal
skills with group members opposed
to working independently in
completing group assignment.
Recognise and value communication Students must be able to work with
from
a
variety
of
as a tool for negotiating and creating others
new understanding.
5
Interpersonal flexibility
and confidence to
engage across
differences
Able to interact with people from backgrounds and come to an
variety
of
backgrounds
and understanding.
imagination to understand viewpoints
of others.
The conclusion of assignment is by
means of a presentation where
students will be able to demonstrate
communication and writing skills.
4. MODULE SCHEDULE
Refer to Annexure A of this document for the schedule.
5. PRESCRIBED MATERIAL
Book 1 – Textbook
Auditing Fundamentals in a South African Context by Pieter von Wielligh and Frans Prinsloo
(Revised 2nd Edition). ISBN Number 978019 0749040
Book 2 – Question Book
Graded Questions in Auditing 2024 by G Richard et al (2024). ISBN Number 978177 6174966)
Book 3 – SAICA Handbooks (IAS’s)
6. ASESSMENTS
Tests and Examinations
Students will only be allowed to sit for the final examination if the CAM requirement is achieved.
Medical Tests and Certificates
In considering whether any student is eligible to write the medical test, only the prescribed-format
medical form will be acceptable. Students who provide only ordinary doctor’s certificates (without
also providing the completed prescribed form) will not be permitted to write the medical test. The
medical form needs to be submitted within five working days after the assessment is written.
This should be sent to the administrator, not to the lecturer/module coordinator.
Continuous Assessment Mark
A minimum CAM of 40% will be required to be eligible to write the Final Examination.
6
The CAM is made up of the following components and weighed as follows:
Benchmark Test
Test 1
June Exams
Test 3
Assignment
5%
15%
40%
30%
10%
100%
Please refer to the Ikamva announcements for dates, times and venues for tests.
Final Examination
Students will be promoted on the basis of their Final Mark, which will be calculated on the basis
of the CAM and the Final Examination Mark.
A Final Mark of 50% is required for promotion (i.e. to pass AUD322 / ADF614). The Final Mark
will be determined as follows: (CAM = 50%) + (Final Exam = 50%) = (Final Mark 50%)
Please take note: In order to pass the module, a student has to achieve a mark of at least 40%
in the exam, regardless of CAM.
Supplementary Examination
A student shall be granted a supplementary examination to the final examination if he/she:
• achieves a final mark of 45% or more, or
• achieves a CAM of 50% or more but obtains lower than 40% in the final examination.
Feedback on assessments
It is the Department of Accounting’s policy that assessment tasks should be handed back to
students within a period of 12 working days (10 working days of marking and 2 working days of
capturing).
7
7. MARK QUERIES
Module Administrator
Name:
Email:
Room:
Ms. Gayle Rudolph
grudolph@uwc.ac.za
EMS Building, 4th Floor, Room 4.16
Administrator Responsibilities
Mark queries, which includes queries about missing marks, unmarked scripts, and script marks
that do not agree with MAS marks, and medical applications
Mark Query Process
A five day query period is applicable to all assessments, i.e. students have 5 working days to
query their marks from the day the scripts & marking guides are returned to students. Scripts are
available during the next lecture after marks released via MAS or iKamva.
Mark published on
MAS
Obtain script and
marking guide
Once complete, student will
receive an email to come and
review the reason for adjustment /
none adjustment
Compare script to marking guide. If
difference in marking or marks do
not correspond to MAS
Wait for feedback.
Script gets
remarked by
moderator.
Complete the mark
query book in
Room 4.16
8. STUDENT REPRESENTATIVE
A system of class representatives is used in the Department as a communication channel between
students and the Department. At the beginning of the year, in the BCom Accounting 3rd year
class, 2 class representatives will be selected. The class representative will be elected for the
entire 3rd year group across all 3rd year modules.
8
As a first step, you need to work via the class representative regarding any matters – not through
the subject head, head of department, dean or rector. If you make an appeal to any of those
persons, without first approaching the class representative and giving him/her a fair opportunity
to deal with the matter, you will be required to retract your appeal and address a letter of apology
to whomever is concerned.
The class representative will have regular meetings with the lecturer and independent lecturer.
This needs to be set up by the class representative. If the class representative and the lecturer
and independent lecturer cannot come to an agreement about a matter, it will be escalated to the
subject head and head of department.
9. HONESTY
The UWC and the Department of Accounting policy on plagiarism must be adhered to.
Do not copy while writing assessments (tests, homework and examinations).
•
•
•
•
Students should not sit together when doing homework, tutorials or writing online
assessments.
Students should not be in contact with other students during the duration of the
assessments.
Students should not cut and paste from provided texts.
Students should write their answers in their own words when making use of material on
hand, like class slides and textbooks, etc.
Do not buy fake medical certificates – we know what they look like by now.
10. EXPECTATION
The Lecturer and Teaching Assistant will…



always be prepared for lectures.
act professionally towards students who act professionally towards the lecturer.
be available to students (within reason), keep to consulting hours and will notify students
of any changes due to unforeseen circumstances.
9
The Student will…








act professionally towards the lecturers and fellow students at all times.
arrive on time for class.
switch off cell phones during class.
take part in class discussions, but keep quiet when the lecturer is busy with a lecture.
give other students an opportunity to ask a questions or give his/her opinion without the
rest of the class making negative comments or chatting to others.
not eat or drink during lectures.
participate in class or ask questions afterwards – you are here to think, to participate and
to learn.
not record or take pictures of lecturer or class without prior permission.
If we summarize the above expectations it could read as follows: Be tolerant and respectful
of each other!
10
Annexure A
Week starting
12-Feb-24
19-Feb-24
26-Feb-24
04-Mar-24
11-Mar-24
18-Mar-24
25-Mar-24
01-Apr-24
08-Apr-24
15-Apr-24
22-Apr-24
29-Apr-24
06-May-24
13-May-24
20-May-24
22-Jul-24
29-Jul-24
05-Aug-24
12-Aug-24
19-Aug-24
26-Aug-24
02-Sep-24
09-Sep-24
16-Sep-24
23-Sep-24
30-Sep-24
07-Oct-24
14-Oct-24
21-Oct-24
Topics
Introduction (course and T&L strategy)
Pre-engagement activities
Pre-engagement activities
Benchmark Test
Planning: Materiality
Planning: Audit risk
Planning: Strategy and plan
Revision for Test 1
Term Break
TEST WEEK
Reflection on Test 1
IT environment
Test of Controls
Test of Controls
Test of Controls
Revision for June exams
Semester Break
Substantive Testing
Substantive Testing
Substantive Testing
Substantive Testing
Revision for Test 2
TEST WEEK
Term Break
Other sections (work of internal
auditor/ expert)
Completion
Completion
Reporting
Reporting
Revision for Final exams
Revision for Final exams
Presenter
IM
IM
AH
AH
AH
AH
IM
AH
IM
IM
NM
IM
SH
AH
AH
SH
IM
AH
IM
IM
IM
IM
AH
IM
Legend:
IM – Ismail Mohamed
AH – Andre Hamel
SH – Shireen Hendricks
NM – Nkosikhona Madikizela
11