SAQA

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.

SOUTH AFRICAN QUALIFICATIONS AUTHORITY

REGISTERED QUALIFICATION THAT HAS PASSED THE END DATE:

National Higher Certificate: Internal Auditing

SAQA QUAL ID	QUALIFICATION TITLE
1337	National Higher Certificate: Internal Auditing
ORIGINATOR
Committee of Technikon Principals
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY			NQF SUB-FRAMEWORK
CHE - Council on Higher Education			HEQSF - Higher Education Qualifications Sub-framework
QUALIFICATION TYPE	FIELD		SUBFIELD
National Higher Certificate	Field 03 - Business, Commerce and Management Studies		Finance, Economics and Accounting
ABET BAND	MINIMUM CREDITS	PRE-2009 NQF LEVEL	NQF LEVEL	QUAL CLASS
Undefined	240	Level 5	Level TBA: Pre-2009 was L5	Regular-Provider-ELOAC
REGISTRATION STATUS		SAQA DECISION NUMBER	REGISTRATION START DATE	REGISTRATION END DATE
Passed the End Date - Status was "Registered"		SAQA 9900/00	2003-07-01	2006-06-30
LAST DATE FOR ENROLMENT		LAST DATE FOR ACHIEVEMENT
2007-06-30		2010-06-30

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.

This qualification does not replace any other qualification and is not replaced by any other qualification.

PURPOSE AND RATIONALE OF THE QUALIFICATION

A qualifying learner will be able to perform financial (manual and computerised) audit functions as a supervised member of an audit team.

LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING

Certificate: Internal Auditing or equivalent (Level 5)

RECOGNISE PREVIOUS LEARNING?

EXIT LEVEL OUTCOMES

1. Audit the basic business cycles and their computing input, processing and output (with the assistance of CAATS)
2. Prepare complex financial statements and analyse them in order to reach basic conclusions
3. Demonstrate competence in the operation of costing systems and the compilation of basic management information
4. Discuss the law applicable to various forms of enterprise

SPECIFIED OUTCOMES:

1.
Draw up an audit programme and perform (manually and computerised) compliance and substantive financial audit tests on expenditure, manufacturing, income and administrative cycles (C 30 credits)

2.
Manually prepare financial statements for complex partnerships, close corporations and companies (C 10 credits)
Apply relevant legislation to the financial statements of close corporations and companies (C 6 credits)
Prepare financial statements for sole traders and partnerships from incomplete records (C 6 credits)
Calculate and interpret ratios of profitability, liquidity, financial structure and financial cover (C 8 credits)

3.
Operate a complex process costing system, covering main and by-products (F 6 credits)
Determine profitability by way of direct and absorption costing methods including break-even analysis (F 6 credits)
Compile information for price decisions (F 10 credits)
Draft basic manufacturing budgets and apply control mechanisms by way of elementary variance analysis (F 8 credits)

4.
Differentiate amongst the different forms of enterprises (F 8 credits)
Interpret and apply the legal principles pertaining to companies and close corporations (F 12 credits)
Discuss legal ways to start your own business (F 10 credits)

CRITICAL LEVEL:

The qualification is designed and should be presented and assessed in such a way that the following skills of the learner are promoted and developed:

Take decisions and accept responsibility

Identify and solve basic problems

Communicate effectively by way of mathematical and written presentation

Work with others as a member of a team

ASSOCIATED ASSESSMENT CRITERIA

1.
An audit programme is correctly compiled and compliance and substantive tests effectively performed
Working papers to document evidence, are drawn up
Samples are drawn and tested by means of the CAATS packages

2.
Financial statements for complex partnerships, close corporations and companies are manually correctly prepared as prescribed by the legislation governing them
Incomplete accounting records are used to prepare financial statements for partnerships and sole traders according to current accounting practices
Ratios are correctly calculated
Ratios for different years and different business entities are compared and interpreted on an elementary basis

3.
Practical exercises of complex process costing systems with main and by-products are correctly done
Net income is determined by way of direct and absorption costing methods
Profitability is determined by using break-even analysis
Manufacturing budgets are prepared and elementary variances correctly calculated

4.
Different forms of enterprises are compared and differences discussed
Legal principles pertaining to companies and close co-operations are interpreted and applied to practical case studies
Legal ways on how to start your own business are analysed, discussed and evaluated

Integrated assessment:

Competency is formatively assessed by way of tests and projects, and summatively by way of written and practical examinations.

ARTICULATION OPTIONS

First degree & Baccalaureus in Internal Auditing
First degree & Baccalaureus in Cost and Management Accounting

MODERATION OPTIONS

As required by SERTEC

CRITERIA FOR THE REGISTRATION OF ASSESSORS

As required by SERTEC

NOTES

While South Africa still had Technikons, all of their qualifications were registered under the Committee of Technikon Principals. After the Technikons became Universities of Technology or merged with Universities, the qualifications were registered under each of these institutions, and the CTP qualifications fell away (hence the end date of 2006, above). Where relevant, replacement information is
shown in the table above.

LEARNING PROGRAMMES RECORDED AGAINST THIS 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.

NONE