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 UNIT STANDARD THAT HAS PASSED THE END DATE: 

Contribute to the Implementation of auditing procedures 
SAQA US ID UNIT STANDARD TITLE
13018  Contribute to the Implementation of auditing procedures 
ORIGINATOR
SGB HET Accountancy and Financial Management 
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY
FASSET - Financial and Accounting Services SETA 
FIELD SUBFIELD
Field 03 - Business, Commerce and Management Studies Finance, Economics and Accounting 
ABET BAND UNIT STANDARD TYPE PRE-2009 NQF LEVEL NQF LEVEL CREDITS
Undefined  Regular  Level 5  Level TBA: Pre-2009 was L5  12 
REGISTRATION STATUS REGISTRATION START DATE REGISTRATION END DATE SAQA DECISION NUMBER
Passed the End Date -
Status was "Reregistered" 		 2018-07-01  2023-06-30  SAQA 06120/18 
LAST DATE FOR ENROLMENT LAST DATE FOR ACHIEVEMENT
2024-06-30   2027-06-30  

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 unit standard does not replace any other unit standard and is not replaced by any other unit standard. 

PURPOSE OF THE UNIT STANDARD 
People credited with this unit standard are generally found within the accounting technician field. On successful completion of the unit standard, people will be able to contribute to the planning and conducting of an audit assignment, as well as preparing related draft reports within a supervised environment. 

LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
  • Unit standards in bookkeeping at NQF level 4 .
  • Unit standards in basic auditing regulations at NQF level 4. 
    		•

    UNIT STANDARD RANGE 
    A person may exhibit this competence in the private and/ or the public sector.
    Internal and external auditing process 

    Specific Outcomes and Assessment Criteria: 

    SPECIFIC OUTCOME 1 
    Contribute to the planning of an audit assignment. 
    OUTCOME RANGE 
    Manual and computerised accounting systems 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    1. Systems under review are ascertained and clearly recorded on appropriate working papers. 
    ASSESSMENT CRITERION RANGE 
    Accounting systems include purchases, sales, stock, expenses, balance sheet items, payroll
     

    ASSESSMENT CRITERION 2 
    2. Control objectives are identified correctly. 

    ASSESSMENT CRITERION 3 
    3. Risks are assessed accurately. 

    ASSESSMENT CRITERION 4 
    4. Significant weaknesses in control are recorded correctly. 

    ASSESSMENT CRITERION 5 
    5. Account balances to be verified and the associated risks are identified. 

    ASSESSMENT CRITERION 6 
    6. An appropriate sample is selected. 

    ASSESSMENT CRITERION 7 
    7. Appropriate tests are selected or devised in accordance with the organisation's procedures. 
    ASSESSMENT CRITERION RANGE 
    Compliance, Substantive
     

    ASSESSMENT CRITERION 8 
    8. Confidentiality and security procedures are strictly followed. 

    ASSESSMENT CRITERION 9 
    9. The proposed audit plan is formulated clearly in consultation with appropriate personnel and submitted for approval to the appropriate person. 

    SPECIFIC OUTCOME 2 
    Contribute to the conduct of an audit assignment. 
    OUTCOME RANGE 
    Manual and computerised accounting systems which include purchases, sales, stock, expenses, balance sheet items, payroll 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    1. Tests, as specified in the audit plan, are correctly conducted, the results properly recorded and conclusions validly drawn. 
    ASSESSMENT CRITERION RANGE 
    Compliance, Substantive
     

    ASSESSMENT CRITERION 2 
    2. The existence, completeness, ownership, valuation and description of assets and liabilities is established and supported by appropriate evidence. 

    ASSESSMENT CRITERION 3 
    3. All matters of an unusual nature are identified and promptly referred to the audit supervisor. 

    ASSESSMENT CRITERION 4 
    4. Material and significant errors, deficiencies or other variations from standard are identified, recorded and reported to the audit supervisor. 

    ASSESSMENT CRITERION 5 
    5. The IT environment is examined and assessed for security status. 

    ASSESSMENT CRITERION 6 
    6. Discussions with staff operating the system to be audited are conducted in a manner which promotes professional relationships between auditing and operational staff. 

    ASSESSMENT CRITERION 7 
    7. Confidentiality and security procedures are strictly observed. 

    SPECIFIC OUTCOME 3 
    Prepare related draft reports. 
    OUTCOME RANGE 
    Manual and computerised systems 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    1. Clear, concise reports relating to the audit assignment are prepared and submitted for review and approval in accordance with organisational procedures. 

    ASSESSMENT CRITERION 2 
    2. Conclusions drawn are valid and supported by evidence. 

    ASSESSMENT CRITERION 3 
    3. Recommendations made are constructive and practicable. 

    ASSESSMENT CRITERION 4 
    4. Preliminary conclusions and recommendations are discussed and agreed with the audit supervisor. 

    ASSESSMENT CRITERION 5 
    5. Confidentiality and security procedures are strictly followed. 

    SPECIFIC OUTCOME 4 
    Demonstrate an understanding of the business and auditing environment. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    1. The business environment is defined in relation to generally accepted auditing procedures/ GRAP. 
    ASSESSMENT CRITERION RANGE 
    Legal duties and liability of auditors, Relevant legislation (Auditing)
     

    ASSESSMENT CRITERION 2 
    2. Various auditing techniques are described within the framework of auditing procedures. 
    ASSESSMENT CRITERION RANGE 
    Types of audit, Recording and evaluating systems, Verification, Basic sampling, Use of audit files and working papers, Auditing in an IT environment, Types of tests, Management letters
     

    ASSESSMENT CRITERION 3 
    3. The principles and theory underpinning auditing are explained in a meaningful manner. 
    ASSESSMENT CRITERION RANGE 
    Control, Materiality, Audit risk
     

    ASSESSMENT CRITERION 4 
    4. Organisational policies and procedures related to accounting and administrative systems are explained in GAAP/ GRAP terms. 
    ASSESSMENT CRITERION RANGE 
    Business transactions, Specific auditing procedures
     


    UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS 
    Accreditation for this unit standard shall be obtained from the relevant Education and Training Quality Assurance Body, through summative assessment by a registered assessor.

    Moderation activity comments by SGB's, organisations and individuals may be forwarded to NSB03. 

    UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE 
    A demonstrated understanding of:
  • The Business Environment
  • Auditing techniques
  • Auditing principles and theory
  • The organisation
  • Recording and evaluation systems (conventional symbols, flowcharts, ICQ's, checklists)
  • Verification techniques
  • Sampling techniques
  • Principles of control (separation of functions, recording custody, vouching, verification)
  • GAAP's

    Legal Requirements:
  • Relevant auditing legislation

    Terminology:
  • GAAP - Generally Accepted Auditing Procedures
  • GRAP - Generally Recognised Accounting Practices
  • ICQ's - Internal Control Questionnaires
  • IT - Information Technology

    Notes:
  • This unit standard requires the candidate to be supervised in completing the specific outcomes and assessment criteria. 
    		•

    UNIT STANDARD DEVELOPMENTAL OUTCOME 
    N/A 

    UNIT STANDARD LINKAGES 
    N/A 


    Critical Cross-field Outcomes (CCFO): 

    UNIT STANDARD CCFO IDENTIFYING 
    Work effectively with others as a member of a team, group, organisation and community. 

    UNIT STANDARD CCFO ORGANISING 
    Organise and manage oneself and one's activities responsibly and effectively. 

    UNIT STANDARD CCFO COLLECTING 
    Collect, organise and critically evaluate information. 

    UNIT STANDARD CCFO COMMUNICATING 
    Communicate effectively using visual, mathematical and language skills in the modes of oral and written presentations. 

    UNIT STANDARD CCFO SCIENCE 
    Use science and technology effectively and critically (showing responsibility towards the environment and health of others). 

    UNIT STANDARD CCFO DEMONSTRATING 
    Demonstrate an understanding of the world as a set of related systems. 

    UNIT STANDARD CCFO CONTRIBUTING 
    Be culturally and aesthetically sensitive across a range of social contexts. 

    UNIT STANDARD ASSESSOR CRITERIA 
    N/A 

    REREGISTRATION HISTORY 
    As per the SAQA Board decision/s at that time, this unit standard was Reregistered in 2012; 2015. 

    UNIT STANDARD NOTES 
    N/A 

    QUALIFICATIONS UTILISING THIS UNIT STANDARD: 
      ID QUALIFICATION TITLE PRE-2009 NQF LEVEL NQF LEVEL STATUS END DATE PRIMARY OR DELEGATED QA FUNCTIONARY
    Core  36213   National Diploma: Technical Financial Accounting  Level 5  NQF Level 05  Passed the End Date -
    Status was "Reregistered"     		 2023-06-30  FASSET 
    Elective  59989   National Certificate: Resolving of Crime  Level 5  Level TBA: Pre-2009 was L5  Passed the End Date -
    Status was "Reregistered"     		 2016-06-30  SAS SETA 


    PROVIDERS CURRENTLY ACCREDITED TO OFFER THIS UNIT STANDARD: 
    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 


    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.