AUE4861/101/0/2018

ZAU4861/101/0/2018
NAU4861/101/0/2018

Tutorial letter 101/0/2018

ADVANCED AUDITING
AUE4861/ZAU4861/NAU4861

Year Module

Department of Financial Governance

IMPORTANT INFORMATION:

This tutorial letter contains important information

about your module.
 CONTENTS
1 Introduction ................................................................................................................................. 3
2 COMMUNICATION WITH THE UNIVERSITY .............................................................................. 3
2.1 Lecturers....................................................................................................................................... 3
2.2 University ...................................................................................................................................... 4
3 MODULE RELATED RESOURCES ............................................................................................. 5
3.1 Tutorial matter............................................................................................................................... 5
3.2 Prescribed books .......................................................................................................................... 5
3.3 Calculator policy ........................................................................................................................... 5
4 Student support services for the module.................................................................................. 6
4.1 myUnisa ........................................................................................................................................ 6
4.2 Group discussions/Study schools ................................................................................................. 6
4.3 Unisa Library services information ................................................................................................ 6
5 Module specific study plan ........................................................................................................ 7
5.1 Study programme ......................................................................................................................... 7
5.2 Content ......................................................................................................................................... 7
6 Assessment................................................................................................................................. 8
6.1 Assessment plan .......................................................................................................................... 8
6.2 Tests ............................................................................................................................................. 8
6.2.1 Objectives ..................................................................................................................................... 8
6.2.2 Test timetable ............................................................................................................................... 8
6.2.3 Open book policy ........................................................................................................................ 10
6.2.4 Administration of the tests ........................................................................................................... 11
6.2.5 Remark of tests........................................................................................................................... 11
7 Examinations ............................................................................................................................ 12
Examination admission........................................................................................................................... 12

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 AUE4861/ZAU4861/NAU4861/101

1 INTRODUCTION
We welcome you as a student to the Department of Financial Governance and trust that you will find the
academic year constructive and that you will be successful.

You will receive a number of tutorial letters during the year. A tutorial letter is our way of communicating
with you about teaching, learning and assessment. You must read all the tutorial letters you receive
during the year immediately and carefully, as they always contain important and, sometimes, urgent
information.

Tutorial letter 101 together with CASALL1 Tutorial letter 301 contains important information about the
scheme of work, resources and tests for this module. We urge you to read it carefully and to keep it at
hand when working through the study material, preparing for the tests and the examination and
addressing questions to your lecturers.

We hope that you will enjoy this module and wish you all the best!

2 COMMUNICATION WITH THE UNIVERSITY

2.1 Lecturers

AUE4861/ZAU4861/NAU4861

Personnel E-mail address

Lecturers
Ms C Wright (Course leader) wrighc@unisa.ac.za
Mr Z Abrahams (AQIP) abrahz@unisa.ac.za
Mr B Barnard barnabm@unisa.ac.za
Ms N Bauer vdwaltn@unisa.ac.za
Ms L Grebe grebel@unisa.ac.za
Mr N Hoosen hoosen2@unisa.ac.za
Mr W Kriel krielw@unisa.ac.za
Ms J Kritzinger kritzja@unisa.ac.za
Mr T Matsimela matsict@unisa.ac.za
Mr I Phaduli phadui@unisa.ac.za
Ms A Terblanche (AQIP) terbleaj@unisa.ac.za
Ms R van Beek vbeekr@unisa.ac.za

Please note that all technical queries should be directed to the module e-mail address:
AUDpostgrad@unisa.ac.za

Availability of lecturers

Telephonically

You can contact your lecturers telephonically, by making use of the lecturer contact numbers (available
on myUnisa). An available lecturer will take your call and assist you as promptly as they can.

Personal visits

To avoid any disappointment, make an appointment with a lecturer as they are not always readily
available.

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E-mail

You can also communicate with the lecturers via e-mail. Please note that feedback will not necessarily
be given via e-mail, thus it is important to give your student number, telephone number, fax number, e-
mail address and postal address.

Due to the high volumes of e-mails received by lecturers from students it is not always possible to reply
to these e-mails immediately. Please be patient as your e-mails will be attended to as soon as possible.

E-mail: AUDpostgrad@unisa.ac.za

Ensure that your student number, return address and telephone numbers are included with your
enquiries. Always have your student number at hand when contacting the University.

2.2 University

If you need to contact the University about matters not related to the content of this module, please
consult the publication myStudies@Unisa that you received with your study material. This booklet
contains information on how to contact the University (e.g. to whom you can write for different queries,
important telephone and fax numbers, addresses and details of the times certain facilities are open).

You can also contact Unisa as follows:

econCTA@unisa.ac.za Registration enquiries (activation of registration, incorrect
registration, curriculum control, qualification audit, additional
modules for final year students)
exams@unisa.ac.za Examination enquiries (outstanding results, exam timetable,
change of examination centre)
remark@unisa.ac.za Remark/recheck enquiries
ficoncessions@unisa.ac.za Final year concession
aegrotats@unisa.ac.za Aegrotat and special examination enquiries
study-info@unisa.ac.za Study-info enquiries(official proof of registration, official
academic records, general enquiries)
applications@unisa.ac.za Applications enquiries (new and returning students)
AME@unisa.ac.za AME enquiries (foreign students qualifications and
matriculation exemptions)
assign@unisa.ac.za Assignments enquiries
finan@unisa.ac.za Financial enquiries (fees, outstanding balance, statements)
despatch@unisa.ac.za Study material enquiries
myUnisaHelp@unisa.ac.za Assistance with myUnisa
myLifeHelp@unisa.ac.za Assistance with myLife e-mail accounts
Casenquiries- College related enquiries (teach out, qualification articulation,
postgraduate@unisa.ac.za academic enquiries, everything relating to academic and
tuition)
Casenquiries-CTA@unisa.ac.za College related CTA enquiries (everything relating to
academic and tuition)

Postal address
University of South Africa, PO Box 392, Unisa, 0003

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 AUE4861/ZAU4861/NAU4861/101

3 MODULE RELATED RESOURCES

3.1 Tutorial matter

You will receive tutorial letters during the year. Some of this tutorial matter may not be available when
you register. Tutorial matter that is not available when you register will be posted to you as soon as
possible. Please note that all tutorial matter will always be electronically available on myUnisa.

Non receipt of hard copy study material does not constitute a valid reason for not being able to
prepare for tests/examination, as the study material will always be available for download from
myUnisa.

Internet
You can view the tutorial letters for the modules for which you are registered online on myUnisa at
http://my.unisa.ac.za

3.2 Prescribed books

AUE4861

SAICA Handbook 2017/2018 SAICA LexisNexis; Durban 2017/2018

SAICA Legislation Handbook SAICA LexisNexis; Durban 2017/2018
2017/2018
Auditing Notes for South African Jackson, RDC, et LexisNexis; Durban Latest edition
Students al.
Applied questions on Auditing Marx, B, et al LexisNexis; Durban Latest edition

COMMENT

Please refer to the list of official booksellers and their addresses in the myStudies@Unisa
brochure.

Prescribed books can be obtained from the University’s official booksellers. Should you have
any difficulties obtaining books from the official booksellers, please contact the Prescribed
Book Section as soon as possible at telephone number +27 12 429 4152 or e-mail
vospresc@unisa.ac.za

3.3 Calculator policy

Candidates may only use silent, electronic, battery-driven pocket calculators subject to the following
conditions:
• Calculators must be cordless, and may not have print-out facilities; and
• Calculators that have a full set of alpha characters/keys are prohibited (i.e. NO programmable
calculators are allowed).
• Any financial calculator will be allowed, as the following tables will not be provided in any of the
tests/examinations:
- Tables of present value factors for various discount rates for varying periods; and
- Tables of future value factors for various interest rates for varying periods;
• The calculator function on mobile telephones or any electronic device, including but not limited to
laptops and/or any Smart Phone may not be used; and
• Candidates may not share a calculator with another candidate in the examination room.

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4 STUDENT SUPPORT SERVICES FOR THE MODULE
Important information appears in your myStudies@Unisa brochure.

4.1 myUnisa

The myUnisa learning management system is Unisa's online campus that will help you to communicate
with your lecturers, with other students and with the administrative departments of Unisa – all through
the computer and the internet.

COMMENT

It is advisable that you access myUnisa on a weekly basis as additional material and
important notices are loaded on myUnisa.

To go to the myUnisa website, start at the main Unisa website, http://www.unisa.ac.za, and
then click on the “Login to myUnisa” link on the right-hand side of the screen. This should take
you to the myUnisa website. You can also go there directly by typing in http://my.unisa.ac.za.

Please consult the publication myStudies@Unisa, which you received with your study
material, for more information on myUnisa.

4.2 Group discussions/Study schools

Refer to general tutorial letter CASALL1 301/2018 for information regarding study schools.

4.3 Unisa Library services information

Unisa Library login

You will be required to provide your login details, i.e. your student number and your myUnisa password,
in order to access the library’s online resources and services. This will enable you to view or print your
electronic course material, request library material, view and renew your library material and use the
library’s e-resources.

Requesting books from the library

Students are expected to purchase their own copies of prescribed books listed in Tutorial Letter 101.
A limited number of copies are housed in the Unisa Libraries, subject to each branch library’s lending
regulations. Problems experienced in obtaining copies from booksellers should be directed to the
Prescribed Book section at e-mail vospresc@unisa.ac.za or telephone +27 12 429 4152.

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 AUE4861/ZAU4861/NAU4861/101

5 MODULE SPECIFIC STUDY PLAN

5.1 Study programme

Date Description

9 January 2018 Tutorial letter 101

24 January 2018 – 30 January 2018 Tutorial letter 102
13 March 2018 Test 1
11 April 2018 – 17 April 2018 Tutorial letter 103
24 April 2018 Test 2
2 May 2018 – 15 May 2018 Tutorial letter 104
19 June 2018 Test 3
20 June 2018 – 26 June 2018 Tutorial letter 105
31 July 2018 Test 4
1 August 2018 – 7 August 2018 Tutorial letter 106
September 2018/October 2018 Revision/Examination

5.2 Content

Tutorial letter Study Topics

unit
102 1 • The Code of Professional Conduct, By-Laws and Rules regarding
improper conduct
2 • The Auditing Profession Act (APA) of the IRBA
3 • The Auditor’s responsibilities relating to fraud in an audit
4 • King IV Report and Code of Governance for South Africa
5 • SAICA syllabus relating to Close Corporations Act and Companies Act
103 6 • The Audit process
7 • Pre-engagement activities
8 • Planning an audit (obtaining an understanding of the control
environment, risk assessment, planning activities and materiality)
104 9 • Internal control (general and application controls)
10 • Audit evidence
11 • Test of control
12 • Substantive procedures
105 13 • Completion of the audit
14 • Reporting
15 • Special audit investigations, internal audit and management consulting
services
106 - • Integrated questions/revision

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6 ASSESSMENT
6.1 Assessment plan

It is very important to read the instructions and recommendations contained in this tutorial letter, as well
as in tutorial letter CASALL1 301/2018. This implies that you should work hard and long hours right from
the very beginning of the year. Study the subject matter, which will be given for each assignment,
thoroughly, and follow the assignment instructions as set out in this tutorial letter.

6.2 Tests

6.2.1 Objectives

You must remember that you are now busy with a postgraduate course which comprises vast volumes of
work. It is therefore not possible to start studying only a month or two before the final examination, and
expect to pass. Four tests will be written during the year in order to give you the opportunity to have your
progress evaluated. Please refer to tutorial letter CASALL1 301/2018 for more information regarding the
tests.

It is important that you should be accustomed to working under pressure as the time aspect of the
examination paper poses a problem to many students. The tests are not the only method of gaining
experience in working under pressure. If you complete the assignments in accordance with the
suggested procedures during the year, you will become accustomed to working against time. It is
extremely important that you become aware of the tempo at which you should work to be able to
complete an examination paper within the time allowed.

Please note that you are not allowed to write in pencil (tests and examination).

COMMENT

Consistent studying throughout the year will increase your chances of success in the final
examination.

6.2.2 Test timetable

Test Date Tutorial letter Nature of test

1 13 March 2018 102 Limited open book
2 24 April 2018 103 Limited open book
3 19 June 2018 104 Limited open book
4 31 July 2018 105 Limited open book

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Breakdown of the tests into time slots

Students SHOULD be seated by no later than 08:30

FIRST SESSION 08:30 – 08:45 Handing out of paper 1, answer scripts and a separate
“REQUIRED” section placed upside down.

08:45 – 09:00 Reading time

09:00 – 10:00 PAPER 1: (40 marks)

Advanced Management Accounting

CTA Level 1: MAC4861/ZMA4861/NMA4861

10:00 – 10:15 Collection of Paper 1 and handing out of Paper 2, answer scripts
and a separate “REQUIRED” section placed upside down.

SECOND SESSION 10:15 – 10:30 Reading time

10:30 – 11:30 PAPER 2: (40 marks)

Advanced Financial Accounting l

CTA Level 1: FAC4861/ZFA4861/NFA4861

11:30 – 11:45 Collection of Paper 2 and handing out of Paper 3, answer scripts
and a separate “REQUIRED” section placed upside down.

THIRD SESSION 11:45 – 12:00 Reading time

12:00 – 13:00 PAPER 3: (40 marks)

Advanced Taxation

CTA Level 1: TAX4861/NTA4861

13:00 – 13:15 Collection of Paper 3

BREAK / LUNCH 13:15 – 14:00

FOURTH SESSION 14:00 – 14:15 Handing out of Paper 4, answer scripts and a separate
“REQUIRED” section placed upside down.

14:15 – 14:30 Reading time

14:30 – 15:30 PAPER 4: (40 marks)

Advanced Auditing

CTA Level 1: AUE4861/ZAU4861/NAU4861

15:30 – 15:45 Collection of Paper 4 and handing out of Paper 5, answer scripts
and a separate “REQUIRED” section placed upside down.

FIFTH SESSION 15:45 – 16:00 Reading time

16:00 – 17:00 PAPER 5: (40 marks)

Advanced Financial Accounting ll

CTA Level 1: FAC4862/ZFA4862/NFA4862

17:00 – 17:15 Collection of Paper 5.

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Unisa test and examination rules and regulations

The following represent a summary of the most pertinent rules and regulations:

• No candidate will be allowed to leave the venue during the first hour and the final 15 minutes of
a session.

• In addition, no candidate will be allowed to enter the venue once reading time has started (see
breakdown of tests into time slots above).

• Students will not be allowed to keep their bags, brief cases etc. with them during the
test/examination. You will have to remove your stationary, food, books and study material which
you are allowed to use in the test/examination from their bags prior to the start of the session.

• The University accepts no responsibility for loss of private property at the test/examination venues.

• Students who are registered for only one or two papers have to be seated 15 minutes before
reading time (see breakdown of tests into time slots).

6.2.3 Open book policy

A limited open book approach is followed by SAICA for the Initial Test of Competence (ITC) Examination
and Unisa follows a similar approach for tests and examinations.

Permitted texts in tests and examinations

No access to the internet shall be permitted during the tests/examinations (either by means of
computers, cell phones, smart phones, tablets or any other similar technology).

Candidates will be allowed to bring only the SAICA Handbook and SAICA Legislation Handbook into the
test/examination venue.

COMMENT

Only ONE version of each of the above books may be brought into the examination venue,
although it may be either a version published in the current year or a version published in one of
the previous years.

Candidates will only be allowed to highlight, underline, sideline and flag in the permitted texts.

Writing on flags is permitted for reference and cross-referencing purposes only, that is, writing may only
refer to the name or number of the relevant discipline standard, statement or section in the legislation.

Candidates may not have in their possession any loose papers (whether affixed to the permitted texts or
not). Only properly bound standard publishers’ editions will be permitted. Photocopies, printed copies of
electronic versions, loose sections or isolated pages of texts are prohibited.

Any contravention of these regulations will be considered to be misconduct and shall be dealt
with in terms of regulation 11 (which sets out the rules applying to misconduct).

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6.2.4 Administration of the tests

Please note that you will be notified of the centre at which you will be able to write the tests and that it
may not necessarily be the same centre where you will write the final examination. Answer books
will be provided.

Your answer book will be posted to you after they have been marked. As soon as the marks are
available they will be put on Internet (https://myUnisa.ac.za/portal). Each module must be answered in a
separate book. Please write your student number and full postal address on the cover of each
answer book.
You are requested not to phone the lecturers or secretaries for your test marks because they do not
keep record of the test marks.

6.2.5 Remark of tests

Should you be unhappy with your test marking, please follow the following steps:

• Forward your original script to the following address:

The Subject Coordinator
Department of Financial Governance
AJH van der Walt Building
PO Box 392
UNISA
0003

• It is very important that you make a copy of your test script before you send the original script.

• You must include an explanation of why you would like your test to be remarked, as well as an
indication of instances where you were not awarded marks according to the suggested solution
(the suggested solution will be available on myUnisa).
• When you send your test for a remark, the test in total will be remarked and not only certain
sections. Should you receive a lower mark on the remark, your test mark will be adjusted
accordingly.
• Please note that you have a limited period to query your tests results. No test marks will be
adjusted after the expiry of this period. The following dates are applicable:

Test remark requested before

Test Test date
1 13 March 2018 8 May 2018
2 24 April 2018 12 June 2018
3 19 June 2018 31 July 2018
4 31 July 2018 No remarks

• Unethical conduct

We have noted in the past that students have submitted tests for remarks after they have written
in additional information as part of the solution after receiving the tests back. This is included in
the definition of cheating as per the Unisa Students’ Disciplinary Code in Chapter 3, as it relates to
the commission of any other fraudulent or dishonest practice whereby a student, whilst being
examined by the University, seeks to mislead or deceive the examiner or the examination officer.
Students found guilty of writing additional information in tests after receiving it back will be
facing disciplinary steps as it is unethical conduct.

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7 EXAMINATIONS
Use your myStudies@Unisa brochure for general examination guidelines and examination preparation
guidelines.

Examination admission

Only students who comply with the following, will be allowed to sit for the examination:

• Registered students who paid their study fees in full; and

• have a minimum year mark of 40% for the best three tests during the year.

You may use a non-programmable pocket calculator in the tests and examination. However, you are
reminded that you must still show all your calculations. You may lose valuable marks if the examiner
cannot see what you calculated and how and why you calculated it.

COMMENT

The average mark of the three best tests of each paper (module) will constitute the student’s
year mark. You need 40% to obtain examination admissions.

If only one or two tests are written, the total marks of the tests written will be divided by three
to obtain the year mark. If no test is written the year mark will be nil.

The year mark contributes 20% and the examination 80% towards the final mark.

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