UnitLevel 2Undergraduate

ACS2760 Auditing A

Faculty of Business and Economics

ACS2760 Auditing A is a level 2, 6-credit-point, undergraduate unit from the Faculty of Business and Economics, offered in 2020 in Semester 1 and Semester 2 at South Africa. It needs ACS1002, ACS2700 and ACS1000 and unlocks 2 units.

Credit points
6
Offered in 2020
Semester 1, Semester 2
South Africa
Assessment
Exam 60%
and 1 other task
Workload
144 hours
per semester

This is the 2020 handbook entry. See the 2021 entry.

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Requisites

Overview

This unit introduces auditing covering the responsibilities, functions and qualities of the auditor. The unit reviews the audit process from planning to the completion of the audit and includes the going concern concept; fraud and error; audit evidence; engagement and planning; internal controls and substantive procedures; completion of the audit and special audit investigations. The tests of control and substantive tests performed on the following business cycles are also included: revenue and receipts; acquisitions and payments; inventory and production; payroll and personnel.

Offerings in 2020

Teaching periodCampusMode
First semesterSouth AfricaOn campus
Second semesterSouth AfricaOn campus

Assessment

  • Within semester assessments
    40%
  • ExaminationThreshold hurdle
    60%

Learning outcomes

When you finish this unit, you should be able to:

  1. 1

    apply the general principles of auditing, the responsibilities, functions and qualities of the auditor and illustrate knowledge of a proper background to auditing in a simulated practical scenario

  2. 2

    explain and describe the audit process from planning to the completion of the audit, assess audit risk and determine materiality

  3. 3

    describe all the relevant issues regarding the going concern concept and reliance on other parties, and apply this knowledge to various simulated practical situations/in various audits

  4. 4

    describe and examine internal controls in the context of external auditing, and apply this knowledge to simulated practical situations and to make recommendations in that regard

  5. 5

    apply tests of control and substantive testing to the business cycles

  6. 6

    apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with auditing and demonstrate in an individual summative assessment ask the acquisition of a comprehensive understanding of the topics covered in ACS2760.

Workload and teaching

  • Tutorials12 hours
  • Lectures36 hours
  • Teaching approachPeer assisted learning
  • Teaching approachActive learning
  • Teaching approachRole play
  • Teaching approachOnline learning

Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.

Weekly Sessions
- This unit will be taught each week for 12 weeks as either 4-hours lectorial (voice recorded slides/face-to-face/online sessions with lecturer) OR a 3-hour lecture (voice recorded slides/face-to-face/online sessions) and a 1-hour tutorial (voice recorded slides/face-to-face/online sessions).
- A week-by-week semester program is provided to guide your study program and also to indicate assessment due dates.
- The lecturer will use her sessions with the students to cover significant points of each week's topic, discuss problems and apply the theory to practical examples. It is not intended that the lecturer will cover every aspect of each topic, but rather provide a framework of the important theoretical concepts and practical issues. Given this framework students are expected to attend all sessions and participate actively.
- At times the lecturer will invite students to raise and discuss relevant issues and areas of concern. Students should take this opportunity to clarify areas of difficulty and to contribute actively to the discussion.

Small groups/teams
- If you have allocated yourself to a tutorial group please stay in that group. This will prevent you from not obtaining participation marks, if applicable.
- You will work in groups/teams of 6 students every week and will be allocated to a group from Week 1.
- Participation: In order to participate and to gain maximum benefit from the tutorial sessions all the questions set for each week are to be attempted before the tutorial for that week.

Seen/Unseen questions
- Seen question solutions are available on Moodle for self-study before the topic is discussed.
- Unseen question solutions will be available on Moodle 1 day after the question was discussed. You need to attempt the unseen questions every week. All answers to questions will be loaded on Moodle after the last session for the week.
- Where necessary additional questions will be added to Moodle.
- Students should ensure their answers and notes are updated, taking into account feedback received in sessions, from slides and solutions to questions at the completion of each topic.

Representatives
1 representative per group will be selected.

Weekly Quizzes
You will complete the following quizzes every week:
- Socrative quiz: This quiz will be completed after a session with the lecturer on the topic every week.
- Moodle quiz: This quiz will give you access to the slides for every week. You will only obtain access to the slides if you score 100% in each week's quiz.

Self-leadership with your studies
- Students are responsible for their studies.
- Students are expected to spend 12 hours per week on this unit.

To ensure a high probability of completing this unit successfully, students need to approach it in a systematic way. At a minimum this should involve:
PRIOR TO WEEKLY SESSION WITH LECTURER
2 hours: pre-read prescribed material;
1 hour: draw up own summary/mindmap;
2/3hours: listen to the voice recorded slides and add additional notes to summary;
1 hour: work through seen questions and solutions;
DURING WEEKLY SESSION WITH LECTURER
1.5 hours: attend sessions and participate in discussions with lecturer;
1.5 hours: participate in small groups/teams on group assignment;
AFTER WEEKLY SESSION WITH LECTURER
2 hours: attempt and prepare solutions to unseen questions;
2 hours: attempt relevant past examination and test questions;

At Risk Students
At risk students are identified in the beginning of the semester as students with a WAM of below 50%. Students who fails any assessment must take responsibility and make an appointment with the lecturer via email , using the consulting times, within a week after the release of the results.

Learning resources

Required resources

Prescribed Textbook (1):
Auditing Notes for South African Students
Edition: 11th (this edition came out in 2020, thus a new edition will not be released in 2021 or 2022)
Author(s): A Adams, G Richard, T Diale
Publisher: Lexis Nexis

Available in Book form
Paperback ISBN - 9780639008622

Prescribed Textbook (2):
Graded questions on Auditing 2019
Edition: 2019
Author(s): Rob Jackson, H Gowar
Publisher: Lexis Nexis

Available in Book form
Paperback ISBN - 9780639001326

Prescribed readings:
International Standards on Auditing
Made available on Moodle by lecturer

Recommended resources

Auditor General South Africa (AGSA)
- https://www.agsa.co.za/

South African Institute of Chartered Accountants (SAICA)
- https://www.saica.co.za

Independent Regulatory Board for Auditors (IRBA)
- https://www.irba.co.za

Technology resources

Google drive

Moodle

Zoom

Socrative Student

Youtube

WhatsApp

Contacts

Unit Coordinators
Ms Adel Du Plessis
Chief Examiners
Ms Adel Du Plessis

Common questions

What are the prerequisites for ACS2760?

You need ACS1002, ACS2700 and ACS1000 before you enrol.

What can I take after ACS2760?

ACS2760 is a prerequisite or corequisite for 2 units, including ACS3765 and ACS3770.

When is ACS2760 offered?

In 2020, ACS2760 runs in Semester 1 and Semester 2 at South Africa.

How much work is ACS2760?

The handbook expects about 144 hours of study across the semester. No students have rated its difficulty yet.

Does ACS2760 have an exam?

Yes. The exam is worth 60% of the final mark, alongside 1 other task.

More details

Credit points
6
Level
2
Study level
Undergraduate
Faculty
Faculty of Business and Economics
Organisational unit
Department of Accounting
Type
Coursework
EFTSL
0.125
Student contribution
SCA Band 3
Study abroad
Not available
Handbook years
20202021