UNISA Short Course in the Introduction to the Internal Audit Process

The objective of this short course is to present an opportunity for prospective internal auditors and people currently working as internal auditors to receive training to enable them to conduct a basic internal audit.

• People working in the field of internal auditing without any formal academic training in internal auditing or the internal audit process.
• People who want to refresh theirs skills in the field of internal auditing.
• People who are interested in obtaining the skills to conduct a basic internal audit.

Senior Certificate or an equivalent NQF level 4 qualification

Three months

English

Registration for the first semester opens in January and closes in February with a two-hour examination in May/June.
 
Registration for the second semester opens in June and closes in July with a two-hour examination in October/November.

Tuition is presented fully online through distance education, allowing practicing internal auditors and/or internal auditors who travel extensively, the freedom to keep up to date with their studies

Note:
Formative assessment and examination admission will comply with UNISA’s formative assessment rules and policies.
Formative assessment:
The assignment marks will contribute 10% and the examination 90% to the final mark of the learner. In order to qualify for the certificate of this short course, a final mark of at least 50% must be obtained.
Summative assessment:
A two-hour exam per module that contributes 90% to the final marks

Topic 1 – Basic concepts of internal auditing
After completing this topic, learners should be able to define internal auditing and understand why internal auditing is necessary as well as the advantages and characteristics of performing an internal audit.
 
Topic 2 – Type of engagements and business processes
After completing this topic, learners should be able to understand the different types of audit engagements and business processes and be able to define the scope and objectives of an internal audit of a financial systems audit.
 
Topic 3 – Business risks and controls
After completing this topic, learners should be able to understand the theory and practical aspects of business risks, risk and controls and the effect thereof on the internal audit process.
 
Topic 4 – Planning the internal audit
After completing this topic, learners should be able to list and understand the various steps within the pre-engagement and planning phase of an internal audit and be able to apply these steps in practice.
 
Topic 5 – Performing the audit engagement
After completing this topic, learners should be able to list and understand the various steps within the execution phase of an internal audit of a financial system and be able to apply these steps in practice. Learners should also be able to understand the requirements for audit evidence and the methods for collecting audit evidence.
 
Topic 6 – Draft an internal audit report
After completing this topic, learners should be able to list and understand the various steps within the reporting phase of an internal audit and be able to apply these steps in practice. Learners should also be able to understand the importance, the essential elements and other requirements of working papers as well as the layout of the audit file.
 
Topic 7 – Follow-up
After completing this topic, learners should be able to list and understand the importance and requirements of the follow-up phase of an internal audit and be able to apply these steps in practice.

Enquiries regarding registration, course material or administrative queries, contact: 
 
Mrs Mariska Edwards 
Tel no: 012 429 6442 (08:00 – 13:00)
E-mail: [email protected]