ANNEXURE J: SUMMATIVE ASSESSMENT 2

HIGHER EDUCATION PROGRAMMES

Academic Year 2023: January – June

Summative Assessment 2: Auditing Theory and Practice (HAUD230-1)

NQF Level, Credit: 6, 16

Weighting: 10%

Assessment Type: Research Essay

Educator: M. Kermis

Examiner: D. Emslie

Total 20 marks

Instructions

1. Summative Assessment 2 (SA 2) must be handed in online before or on the day of the
Summative Assessment 1 (SA 1) sitting.

2. The essay must be a minimum of 600 (six hundred) words and should not exceed 850 (eight
hundred and fifty) words.

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3. The essay structure must be as follows:

• Cover Page:
o Name
o Surname
o Student Number
o Name of your Support Centre (i.e. Boston, Braamfontein)
• Introduction: Tells the reader what the essay is about.
• Body / Main Content: Is based on research and relates to the essay question or topic that
has been set.
• Conclusion: Is a summary of what has been covered in the essay, it may also include
suggestions / recommendations.
• Reference list: (not included in the word count): the Harvard Referencing Method must
be adhered to with regards to in-text citations and the reference list. Please make sure
you have read and adhere to the Harvard Method of Referencing: A Beginner’s Guide,
available in the HE Library module on ColCampus, as well as The Beginners Guide to
Plagiarism, available in the HE Student Information module, also on ColCampus.

4. The essay must be typed, using the following type settings only:
Font: Arial
Font Size: 12
Line Spacing: 1.5

5. For this assessment the following must be adhered to:

● You have been provided with one (1) academic source (see below). This source is
compulsory and must be consulted and referenced when answering the research question.
● The compulsory source(s) must be accessed using the HE Library module on ColCampus
unless otherwise stated e.g. through a hyperlink.
● Compulsory source to use:
− Madubela A. 2021. ‘It is right that auditing is under scrutiny’— Deloitte Africa CEO-elect.
Retrieved from: https://mg.co.za/business/2021-11-29-auditing-scrutiny-deloitte-africa-
ceo-elect-
redfearn/#:~:text=As%20Steinhoff's%20auditor%20for%20years,2017%20amid%20an
%20accounting%20scandal [Accessed 19 October 2022].

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6. Academic sources and accessing credible e-Resources:

Not all sources / texts can be classified as academic sources. Wikipedia, for example, is not
a credible academic source since authors are not identifiable, and editing an article on this
site is very easy. Also, blog posts often provide valuable information, but are not
academically sound. To judge whether a source is credible, consider the following criteria:

● The author should be identifiable through author information, affiliations, and/or

qualifications.
● An academic source has usually been peer-reviewed.
● Academic textbooks or academic journals should be published by a recognised
authority/publisher like a university, an academic publishing house, research organisation
etc.
● A list of references should be present, that is, full citations for sources used. Thorough
reference to research is a crucial characteristic of legitimate academic work.

7. You must make use of the Harvard Method of Referencing. Refer to the examples of
referencing below:
Book, single author:

Holt, D.H. 2017. Management principles and practices. Sydney: Prentice-Hall.

Book, 2 or 3 authors:

McCarthey, E.J., William, D.P. & Pascale, G.Q. 2017. Basic marketing. Cape Town: Juta.

Book, more than 3 authors:

Bond, W.R., Smith, J.T., Brown, K.L. & George, M. 2016. Management of small firms.
Sydney: McGraw-Hill.

Book, no author:

Anon. 2009. A history of Greece. Athens: Cengage.

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eBook:

Case, J., Marshall, D. & McKenna, S. 2018. Going to university: The influence of higher
education on the lives of young South Africans [E-book]. Cape Town: African Minds.
Retrieved from https://www.africanminds.co.za/wp-
content/uploads/2017/06/9781928331698_web.pdf [Accessed 3 June 2019].

Academic journal article with one author:

Waghid, Y. 2019. On the polemic of academic integrity in higher education. South African
Journal of Higher Education, 33(1):1–5.

Academic journal with 2 or more authors:

Waghid, Y. & Davids, N. 2019. On the polemic of academic integrity in higher education.
South African Journal of Higher Education, 33(1):1–5.

Newspaper article from a webpage:

Motshwane, G. 2019. A missed opportunity: Shakes slams Bafana's Afcon plans.

Sowetan Live, 7 June. Retrieved from https://www.sowetanlive.co.za/sport/soccer/2019-
06-07-a-missed-opportunity-shakes-slams-bafanas-afcon-plans/ [Accessed 8 June 2019].

Court case:

Gold Circle (Pty) Ltd v Maharaj (1313/17) [2019] ZASCA 93 (3 June 2019).

Web based images (figures, graphs, maps, artwork):

Boston City Campus & Business College. 2019. Welcome [Image]. Retrieved from
https://www.boston.co.za/ [Accessed 3 June 2019].

Music or recording:

Makeba, M. 1960. The Click Song [Recording]. YouTube. Retrieved from

https://www.youtube.com/watch?v=Qg4Fp-A7IRw [Accessed 8 June 2019].

Chapter in an edited book (collected work):

Velez, C. 1978. Youth and aging in central Mexico. In B. Myerhoff & A. Simic (eds.). Life′s
career-aging: Cultural variations on growing old. San Francisco, CA: Sage, 107–162.

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8. Boston expects you to approach your work with honesty and integrity. Honesty is the basis
of respectable academic work. Whether you are working on a formative assessment, a
project, a paper (read at a conference), an article (published by a journal), or a summative
assessment essay, you should never engage in plagiarism, unauthorised collaboration
(collusion), cheating, or academic dishonesty.

9. Plagiarism occurs when a writer duplicates another writer's language or ideas, and then calls
the work their own. Simply put, plagiarism is academic fraud. This includes the ‘copy and
paste’ of work from textbooks, study guides, journal articles, etc. Refer to the Plagiarism
Information Sheet in your Course Outline for further information.

10. To obtain maximum results, please consult the rubric included in this brief to ensure that you
adhere to and meet all the given criteria.

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QUESTION (20 marks)

According to the International Standard on Auditing: “The auditor has a responsibility to plan and
perform the audit to obtain reasonable assurance about whether the financial statement is free
of material misstatements, whether caused by error of fraud”.

REQUIRED:

Discuss the above statement with respect to the responsibilities of the professional auditor as well
as the responsibilities of the Directors in an organisation in the context of the background information
provided (refer to source) and with reference to ethical, professional and legal requirements.

Source providing background information:

− Madubela A. 2021. ‘It is right that auditing is under scrutiny’— Deloitte Africa CEO-elect.
Retrieved from: https://mg.co.za/business/2021-11-29-auditing-scrutiny-deloitte-africa-ceo-
elect-
redfearn/#:~:text=As%20Steinhoff's%20auditor%20for%20years,2017%20amid%20an%20
accounting%20scandal [Accessed 19 October 2022].

Aligned to SAICA competencies:

F1.4 Ethical principles
Advise, from an ethical perspective, on the conduct and practices of a firm and its
a) staff involved in the rendering of assurance engagements (codes of ethics and
other professional and legal requirements)

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Task Rating Scale / Performance Criteria Mark

Content and idea development 13-15 9-12 5-8 1-4 0

The quality of the content and the extent to Excellent quality of Good quality of work The students show The students show The student
which students’ ideas are supported with work with realistic and with fairly realistic and adequate quality of poor quality of work. misunderstood the
accurate, specific, and relevant evidence well-developed well-developed work, but some content No examples were topic and submitted
and examples. content. A good content. An adequate is unrealistic or not well indicated. an essay that did not 15
Mark allocation for this section will be as number of examples number of examples developed. Few address the
follows: indicated. indicated. examples given. question.
- Discussion of what the professional
accountants’ responsibilities are. (max 8
marks)
- The responsibilities of directors within
organisations. (max 8 marks)

Referencing 2 1.5 1 0.5 0

The extent to which the student shows 2 or more sources 2 or more sources Some sources quoted, Compulsory source None
control of the Harvard referencing method in have been used. have been used. but irrelevant. given has not been
terms of in-text referencing, reference list, used. 2
and referencing technique.
Correct Harvard Incorrect Harvard Incorrect referencing. Incorrect Harvard
referencing. referencing. referencing.
Overall structure 3 2 2 1 0
The extent to which the student has an Type settings correct Some formatting Some formatting issues, Structure completely None
introduction, body, and a conclusion/ (font & font size). issues, e.g., incorrect e.g., incorrect font, incorrect, e.g., single
recommendations. font, incorrect incorrect spacing paragraph essay, no 3
Also, the extent to which the correct spacing Spacing correct. spacing. breaks to determine
and font, font size is used. Omitted at least two where one section
Structure accurate & Structure mostly components. starts and ends.
correct (has intro, correct.
body, conclusion).
Omitted one
component only.

TOTAL / 20

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