Bachelor of Commerce Honours in Internal Auditing

Business, Commerce and Management Studies - Finance Economics and Accounting

Purpose and Rationale

Qualification Overview:

Purpose:

The purpose of this qualification is to develop intellectual and practical skills in the analysis, interpretation, and application of advanced accounting, governance and control, and internal auditing principles. This qualification aims to prepare students to identify and solve advanced accounting governance and control, as well as internal auditing problems in practice. Additionally, this qualification will prepare students for further studies in accounting and internal auditing as a science.

Rationale:

The need for competent auditing professionals in businesses and public sector entities is crucial to ensuring proper corporate governance and internal financial, performance, and other controls. The current skills shortage, exacerbated by the outsourcing of internal audit services, highlights the necessity of educating future internal auditing professionals. This qualification seeks to address the skills shortage nationally and internationally by delivering competent graduates to the market who can provide professional internal auditing services to various entities.

The qualification will benefit professionals by enhancing their skills in internal auditing, Information Technology (IT) governance and auditing, fraud prevention, business strategy, performance management, and risk management. It will be particularly valuable for young graduates entering the auditing field and for internal auditing professionals seeking to further develop their expertise.

Graduates of this qualification will have the opportunity to apply for exemptions from the Institute of Internal Auditors (IIA) for certain subjects, reducing the study period required for a professional qualification. The module outcomes of the qualification align with the IIA's global Model Internal Audit Curriculum and Competency Framework, ensuring relevance and quality in preparing students for a career in internal auditing.

Outcomes

Adhere to ethics pertinent to Business, Commerce and Management and in particular those pertinent to the Certified Internal Auditor.
Manage advanced problems, specifically pertaining to the field of Internal Auditing that relates to the fields of business commerce and management studies.
Demonstrate an advanced understanding of the theories and practices pertaining to the field of Internal Auditing specifically, but also in the related fields of business, commerce and management studies.
Manage the internal audit activity and conduct internal audit engagements, both assurance and consulting, in diverse business environment.
Produce a well-structured research report is written.

Assessment Criteria

Associated Assessment Criteria for Exit Level Outcome 1:

Compliance with Corporate Governance Principles
Application of Ethics Prescribed by Professional Bodies
Understanding the Need for Professionalism and Ethics

Associated Assessment Criteria for Exit Level Outcome 2:

Problem Categorisation in Internal Auditing
Development of Appropriate Solutions
Formulation of Responses to Internal Auditing Problems

Associated Assessment Criteria for Exit Level Outcome 3:

Analysis and Application of Advanced Business, Commerce, and Management Theories
Contribution to Improvement of Principles and Procedures
Customisation of International Practices to South African Requirements

Associated Assessment Criteria for Exit Level Outcome 4:

Application of Judgemental Processes in Internal Audit Assignments
Knowledge of Information Technology and Risk-Based Auditing
Analysis and Testing of Control Systems
Management and Monitoring of Internal Audit Activities

Associated Assessment Criteria for Exit Level Outcome 5:

Proper Referencing Technique and Bibliography
Use of Academic Writing Style with Structured Arguments
Writing an Abstract in the Required Form

Integrated Assessment:

Assessment Integral to Teaching and Learning
Minimum Assessments as per Institution's Policy
Formative and Summative Assessments
Weighting of Assessments Clearly Indicated

Formative and Summative Assessment:

Formative Assessment: Class Tests, Q&A Sessions, Practical Work Monitoring
Summative Assessment: Final Judgmental Mark
Assessment Formats: Assignments, Written Tests, Practical Examinations

Qualification Details

Type: Honours Degree
NQF Level: 08
Min. Credits: 120
SAQA Source: More Information

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University of Johannesburg

The University of Johannesburg (UJ) is a public university located in Johannesburg, South Africa. It was established in 2005 through the merger of the Rand Afrikaans University, Technikon Witwatersrand, and the Soweto and East Rand campuses of Vista University. UJ is one of the largest universities in South Africa, with over 50,000 students enrolled across its four campuses. The university offers a wide range of undergraduate and postgraduate programs in various fields, including arts, humanities, sciences, engineering, business, and health sciences. UJ is known for its commitment to providing quality education, promoting social justice, and fostering innovation and entrepreneurship.

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This page includes information from the South African Qualifications Authority (SAQA) . Builtneat Pty Ltd trading as Study Start, has modified all or some of this information. SAQA has not approved, endorsed, or tested these modifications.