UnitLevel 3Undergraduate

ACS3770 Auditing B

Faculty of Business and Economics

ACS3770 Auditing B is a level 3, 6-credit-point, undergraduate unit from the Faculty of Business and Economics, offered in 2021 in Semester 1 and Semester 2 at South Africa. It needs ACS2760, BTS2201 and ACS2700 and unlocks 1 unit.

Credit points
6
Offered in 2021
Semester 1, Semester 2
South Africa
Assessment
Exam 50%
and 1 other task
Workload
144 hours
per semester

The 2027 handbook has no page for ACS3770. This is its 2021 entry, the latest one.

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Requisites

Overview

The application of South African regulations on the audit profession and the external auditor, including corporate governance, is dealt with extensively in this unit. In addition to exploring the regulations applicable to external auditors the unit also covers professional conduct in terms of the SAICA Code of Professional Conduct. The unit addresses the audit process (preliminary engagement activities, planning, responding to assessed risk and reporting). The International Standards on Auditing (ISAs) are also covered.

Offerings in 2021

Teaching periodCampusMode
First semester - South AfricaSouth AfricaOn campus
Second semester - South AfricaSouth AfricaOn campus

Assessment

  • Within semester assessment
    50%
  • ExaminationThreshold hurdle
    50%

Learning outcomes

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

  1. 1

    evaluate compliance with the regulations applicable to external auditors to identify violations and to make relevant recommendations

  2. 2

    assess corporate governance and recommend improvements towards best practices

  3. 3

    evaluate compliance with the SAICA Code of Professional Conduct applicable to external auditors to identify violations and make relevant recommendations

  4. 4

    describe the procedures within the audit process, for preliminary engagement activities, planning, responding to assessed risk and evaluating, concluding and reporting

  5. 5

    apply the International Standards on Auditing (ISAs) in simulated practical scenarios

  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 task the acquisition of a comprehensive understanding of the topics covered by ACS3770.

Workload and teaching

  • Lectures36 hours
  • Tutorials12 hours
  • Teaching approachActive learning
  • Teaching approachPeer assisted learning
  • Teaching approachProblem-based 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.

Lecture and tutorials or problem classes

This unit will be taught as a three-hour lecture and a one hour tutorial for each week for 12 weeks. Students are expected to read through the study and reading material before the lecture for each topic. The lecture sessions will cover significant points of the topics, and may be used to discuss a number of the set problems. 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 lecture and tutorial sessions and participate actively. In order to participate and to gain maximum benefit from the sessions, all the questions, set for each week, are to be attempted before the tutorial for that week. At times in the lecture and tutorial sessions the lecturer or tutor will invite students to raise and discuss relevant issues and areas of concern. Students should take this opportunity, particularly in tutorials, to clarify areas of difficulty and to contribute actively to the discussion of the model answers to the set of weekly questions. Tutorials may consist of group presentations, case studies, discussions and completion of assigned work that can involve specific computer software often used by auditors. A week-by-week timetable is provided in Moodle to guide your study program and also to indicate assessment due dates. Where necessary additional practice questions will be added to on Moodle and communicated in lectures.

Students are expected to spend additional private study time and access the recommend readings, which are listed on Moodle. In addition to the recommended readings and sets of weekly questions, a number of past examinations and tests, together with model answers, are provided on Moodle. These resources enable students to develop a mastery of the topics covered by the 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:
- reading the prescribed material prior to each weekly session;
- preparing solutions to each set of questions prior to the session;
- attending sessions and participating in discussions of model answers;
- reviewing material from other references from time to time; and
- attempting relevant past examination and test questions.

At Monash students are responsible for taking their own notes from the prescribed texts. On completion of the required reading, students should attempt the specified tutorial and practice questions. All answers to tutorial questions will be loaded on Moodle after the last tutorial for the week. Students should ensure their answers and notes are updated taking into account feedback received in lectures, tutorials and solutions to tutorial questions at the completion of each topic. Students who fail any assessment must make an appointment with the lecturer, using the consulting times, within a week after the release of the results.

Learning resources

Required resources

South African Institute of Chartered Accountants. (2019/2020). SAICA handbooks 2019/2020.
Durban: LexisNexis. (Companies Act, Auditing Profession Act, King lV, ISA's)

Adams, A., & Diale, T & Richard, G (2019). Auditing notes for SA students (11th ed.).
Durban: LexisNexis.

Adams, A., & Diale, T & Richard, G (2019). Graded questions on auditing 2020.
Durban: LexisNexis.

Contacts

Chief Examiners
Ms Michelle Vermeulen
Mr Carel Snyman

Common questions

What are the prerequisites for ACS3770?

You need ACS2760, BTS2201 and ACS2700 before you enrol.

What can I take after ACS3770?

ACS3770 is a prerequisite or corequisite for 1 unit, including ACS3765.

When is ACS3770 offered?

In 2021, ACS3770 runs in Semester 1 and Semester 2 at South Africa.

How much work is ACS3770?

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

Does ACS3770 have an exam?

Yes. The exam is worth 50% of the final mark, alongside 1 other task.

More details

Credit points
6
Level
3
Study level
Undergraduate
Faculty
Faculty of Business and Economics
Organisational unit
Department of Accounting
Type
Coursework
EFTSL
0.125
Student contribution
SCA Band 4
Study abroad
Not available
Handbook years
20202021