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SOUTH AFRICAN QUALIFICATIONS AUTHORITY 
REGISTERED QUALIFICATION: 

Diploma in Internal Auditing 
SAQA QUAL ID QUALIFICATION TITLE
101167  Diploma in Internal Auditing 
ORIGINATOR
Vaal University of Technology 
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY NQF SUB-FRAMEWORK
CHE - Council on Higher Education  HEQSF - Higher Education Qualifications Sub-framework 
QUALIFICATION TYPE FIELD SUBFIELD
Diploma (Min 360)  Field 03 - Business, Commerce and Management Studies  Finance, Economics and Accounting 
ABET BAND MINIMUM CREDITS PRE-2009 NQF LEVEL NQF LEVEL QUAL CLASS
Undefined  360  Not Applicable  NQF Level 06  Regular-Provider-ELOAC 
REGISTRATION STATUS SAQA DECISION NUMBER REGISTRATION START DATE REGISTRATION END DATE
Registered-data under construction  EXCO 0324/24  2024-07-01  2027-06-30 
LAST DATE FOR ENROLMENT LAST DATE FOR ACHIEVEMENT
2027-06-30   2029-06-30  

Registered-data under construction

The qualification content is currently being updated for the qualifications with the status “Registered-data under construction” or showing “DETAILS UNDER CONSTRUCTION” to ensure compliance with SAQA’S Policy and Criteria for the registration of qualifications and part-qualifications on the National Qualifications Framework (NQF) (As amended, 2022). These qualifications are re-registered until 30 June 2027 and can legitimately be offered by the institutions to which they are registered.

 

In all of the tables in this document, both the pre-2009 NQF Level and the NQF Level is shown. In the text (purpose statements, qualification rules, etc), any references to NQF Levels are to the pre-2009 levels unless specifically stated otherwise.  

PURPOSE AND RATIONALE OF THE QUALIFICATION 
Purpose:
The intended purpose of this Diploma is to give the successful student a professional, vocational and sound understanding of the general theoretical principles and their applications in the field of Internal Auditing. The programme will be treated according to the policies and procedures of the institution regarding assessment, moderation (including external moderation), monitoring of student progress in the programme, provision for student disputes regarding assessment results and Recognition of Prior Learning.

Rationale:
A qualifying learner will be able to perform (manual and computerised) financial and operational audit functions as part of an audit team or independently. 

LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
Recognition of Prior Learning (RPL).
The Institutional Recognition of Prior Learning (RPL) policy and procedures are followed. Learners who do not meet entry requirements can apply for access to the qualification through RPL against a module, or part/full qualification for learning obtained through formal, informal and non-formal learning. Learners need to submit a Portfolio of Evidence which will be internally assessed. Credits may be awarded based on the assessment results and learners have the opportunity to appeal against the assessment result where credits were not awarded.

Entry Requirements:
The minimum requirement is:
  • National Senior Certificate National Qualifications Framework(NQF) Level 4. 
    		•

    RECOGNISE PREVIOUS LEARNING? 
    Y 

    QUALIFICATION RULES 
    This qualification comprises of compulsory modules at National Qualifications Framework(NQF) Level 5 and 6 totalling at 361 Credits.
    Compulsory Modules, Level 5, 124 Credits:
  • Auditing Aspects 1, 12 Credits.
  • Accounting 1.2, 12 Credits.
  • Economics 1.1, 12 Credits.
  • Accounting 1.1, 12 Credits.
  • Economics 1.2, 12 Credits.
  • Applied Communication Skills 1.1, 8 Credits.
  • Commercial Law for Accountants 1.2, 10 Credits.
  • Applied Communication Skills 1.2, 8 Credits.
  • Information and Communications Technology(ICT) Skills 1, 10 Credits.
  • Commercial Law for Accountants 1.1, 10 Credits.
  • Accountancy Technology 1, 8 Credits.
  • Entrepreneurship 1, 10 Credits.

    Compulsory Modules, Level 6, 237 Credits:
  • Cost and Management Accounting 1.1, 12 Credits.
  • Internal Auditing 1.2, 12 Credits.
  • Applied Communication Skills 2.2, 8 Credits.
  • Cost and Management Accounting 1.2, 12 Credits.
  • Statistics 1.2, 10 Credits.
  • Statistics 1.1, 10 Credits.
  • Financial Accounting 1.2, 12 Credits.
  • Applied Communication Skills 2.1, 8 Credits.
  • Internal Auditing 1.1, 12 Credits.
  • Financial Accounting 1.1, 12 Credits.
  • Taxation 1, 12 Credits.
  • Cost and Management Accounting 2.1, 15 Credits.
  • Information Systems Auditing, 12 Credits.
  • Internal Auditing 2.1, 15 Credits.
  • Commercial Law for Accountants 2.1, 12 Credits.
  • Accountancy Technology 2, 8 Credits.
  • Financial Accounting 2.2, 15 Credits.
  • Financial Accounting 2.1, 15 Credits.
  • Business Ethics 1, 10 Credits.
  • Cost and Management Accounting 2.2, 15 Credits. 
    		•

    EXIT LEVEL OUTCOMES 
    1. Demonstrate an understanding of the dynamics of the organisation and the role of internal audit in the governance structures of the organisation.
    2. Demonstrate an understanding of the basics of internal auditing as it relates to planning, control systems, working papers, tools and techniques and reporting procedures.
    3. Understand the elements of risk and control both in financial and non-financial areas.
    4. Demonstrate competence in the use of Information Technology(IT) applications employed to assist with accounting and internal auditing.
    5. Identify and demonstrate knowledge and understanding of fraud and corruption risk areas in the business environment.
    6. Perform internal audit and associated roles under supervision. 

    ASSOCIATED ASSESSMENT CRITERIA 
    Associated Assessment Criteria for Exit Level Outcome 1:
  • Demonstrate an understanding of how an internal audit department operates and how it serves management.
  • Demonstrate an awareness of the existence and purpose of audit standards.
  • Demonstrate knowledge of relevant legislation and the application of corporate governance in the organisation.

    Associated Assessment Criteria for Exit Level Outcome 2:
  • Display an awareness of the internal audit process, including planning, conducting, reporting and following up.
  • Display an understanding of the concept of risk and control strategies.
  • Display an understanding of the systems in use.
  • Compile an effective plan for an audit.

    Associated Assessment Criteria for Exit Level Outcome 3:
  • Process receipts, payments, and deal of debtors and creditors.
  • Demonstrate an understanding of the systems in place relating to inventory as it affects procurement and recording.
  • Display an understanding of processing of receipts, systems in place relating to inventory as it affects procurement and recording.
  • Apply the payroll procedures.
  • Record and control basic assets and liabilities.
  • Apply the principles of developing budgets and the monitoring and control thereof.
  • Apply the principles relating to investments, the risk relating thereto, and control strategies that may be implemented.
  • Apply the principles relating to finance and funding, and what controls can be introduced to manage the risks.
  • Demonstrate an awareness of the strategic issues that affect the business.
  • Evaluate the key risk areas in the area of human resources, health and safety, environment and any other non-financial specific areas.

    Associated Assessment Criteria for Exit Level Outcome 4:
  • Demonstrate an understanding of the structures and management of Information Technology(IT) in the organisation.
  • Demonstrate an awareness of the role of IT in accounting as a tool to promote efficiency.
  • Demonstrate an awareness of the role of IT in an audit assignment as a tool to promote efficiency.

    Associated Assessment Criteria for Exit Level Outcome 5:
  • Apply the values and ethical codes of business.
  • Apply the policies in place, indicators that may be observed, in the detection, reduction and prevention of fraudulent and corrupt actions.

    Associated Assessment Criteria for Exit Level Outcome 6:
  • Perform manual and computerised compliance and substantive financial audit tests on various fields within the organisation.
  • Perform manual and computerised operational audit tests on various fields within the organisation.
  • Prepare financial statements for companies disclosing all information required by Generally Accepted Accounting Principles(GAAP).
  • Prepare the accounting entries and draft the balance sheet.
  • Prepare annual tax returns for individuals.\ and other bodies.
  • Compile effective documentation systems for the administration of a retail business.

    Integrated Assessment:
  • Both formative and summative assessments are integral components of all modules within the programme and have application to both traditional summative and continuous assessment, ensuring overall applied competence.
  • All teaching and learning activities in the programme are aligned to the assessment approach of the individual modules indicating a constructive alignment approach in the design of the programme. The assessment activities form an integral part of the teaching and learning process and are systematically and purposefully used to generate data for grading.
  • Timely feedback provides to the learners forms part of the assessment strategy of the institution and is used to inform teaching and learning and to improve the curriculum.
  • Learning outcomes in all modules give an indication as to what will be assessed in the module and thus ensures constructive alignment of the modules within the programme. 
    		•

    INTERNATIONAL COMPARABILITY 
    There are similar international qualifications, but individual institutions have unique offerings which may/may not articulate with this qualification entirely. There is undoubtedly synergy in courses with variations ranging from slight to extreme synergy-depending on the institution. 

    ARTICULATION OPTIONS 
    This allows qualification for horizontal and vertical articulation:
    Horizontal Articulation:
  • Diploma in Cost and Management Accounting, Level 6.

    Vertical Articulation:
  • Advanced Diploma in Internal Auditing, Level 7. 
    		•

    MODERATION OPTIONS 
    N/A 

    CRITERIA FOR THE REGISTRATION OF ASSESSORS 
    N/A 

    NOTES 
    N/A 

    LEARNING PROGRAMMES RECORDED AGAINST THIS QUALIFICATION: 
    When qualifications are replaced, some (but not all) of their learning programmes are moved to the replacement qualifications. If a learning programme appears to be missing from here, please check the replaced qualification.
     
    NONE 


    PROVIDERS CURRENTLY ACCREDITED TO OFFER THIS QUALIFICATION: 
    This information shows the current accreditations (i.e. those not past their accreditation end dates), and is the most complete record available to SAQA as of today. Some Primary or Delegated Quality Assurance Functionaries have a lag in their recording systems for provider accreditation, in turn leading to a lag in notifying SAQA of all the providers that they have accredited to offer qualifications and unit standards, as well as any extensions to accreditation end dates. The relevant Primary or Delegated Quality Assurance Functionary should be notified if a record appears to be missing from here.
     
    1. Vaal University of Technology 


    All qualifications and part qualifications registered on the National Qualifications Framework are public property. Thus the only payment that can be made for them is for service and reproduction. It is illegal to sell this material for profit. If the material is reproduced or quoted, the South African Qualifications Authority (SAQA) should be acknowledged as the source.