AUI2601/101/3/2014
Tutorial letter 101/3/2014
INTERNAL AUDITING: THEORY AND
PRINCIPLES
AUI2601
Semesters 1 & 2
Department of Auditing
IMPORTANT INFORMATION:
This tutorial letter contains important information
about your module.
, CONTENTS
Page
1 INTRODUCTION .......................................................................................................................... 3
2 PURPOSE OF AND OUTCOMES FOR THE MODULE............................................................... 4
2.1 Purpose ........................................................................................................................................ 4
2.2 Outcomes .....................................................................................................................................4
3 LECTURERS AND CONTACT DETAILS ..................................................................................... 4
3.1 Lecturers....................................................................................................................................... 4
3.2 Department ................................................................................................................................... 5
3.3 University ...................................................................................................................................... 5
4 MODULE-RELATED RESOURCES ............................................................................................. 7
4.1 Prescribed books .......................................................................................................................... 7
4.2 Recommended books ................................................................................................................... 7
4.3 Electronic reserves (e-reserves) ................................................................................................... 7
5 STUDENT SUPPORT SERVICES FOR THE MODULE ............................................................... 7
6 MODULE-SPECIFIC STUDY PLAN ............................................................................................. 8
7 MODULE PRACTICAL WORK AND WORK-INTEGRATED LEARNING .................................... 8
8 ASSESSMENT ............................................................................................................................. 8
8.1 Assessment plan .......................................................................................................................... 8
8.2 General assignment numbers ....................................................................................................... 9
8.2.1 Unique assignment numbers ........................................................................................................ 9
8.2.2 Due dates for assignments ........................................................................................................... 9
8.3 Submission of assignments ........................................................................................................ 10
8.4 Assignments ............................................................................................................................... 11
8.4.1 Semester 1: Compulsory assignment 01 .................................................................................. 11
8.4.2 Semester 1: Compulsory assignment 02 .................................................................................. 17
8.4.3 Semester 2: Compulsory assignment 01 .................................................................................. 24
8.4.4 Semester 2: Compulsory assignment 02 .................................................................................. 30
9 OTHER ASSESSMENT METHODS ........................................................................................... 38
10 EXAMINATION ........................................................................................................................... 38
11 FREQUENTLY ASKED QUESTIONS ........................................................................................ 39
12 CONCLUSTION ......................................................................................................................... 39
13 ADDENDUM ............................................................................................................................... 39
2
, AUI2601/101
1 INTRODUCTION
Dear Student
It gives us great pleasure to welcome you as an AUI2601 student in the Department of Auditing.
As your lecturers, we are at your disposal and will gladly assist you in your studies. Be assured
of our willingness to support you with advice during your study programme.
You will receive a number of tutorial letters during the semester. A tutorial letter is one way of
communicating with you about teaching, learning and assessment. Please read the My studies
@ Unisa brochure in combination with this tutorial letter (Tutorial Letter 101), as it gives you an
idea of generally important information when studying within our College.
Right from the start we would like to point out that you must read all the tutorial letters you
receive during the semester immediately and carefully, as they always contain important and,
sometimes, urgent information.
This tutorial letter contains important information that will assist you in your studies. Please
read it carefully and keep it at hand when working through the study material, preparing the
assignments, preparing for the examination and addressing questions to your lecturers.
We trust that you will benefit from everything that this module has to offer.
Study material
You will be supplied with the following tutorial material for this module by the Despatch
Department:
• Study guide and
• Tutorial Letters
All tutorial material will be mailed to you upon registration. Tutorial matter that is not available
when you register will be posted to you as soon as possible, but is also available on myUnisa.
To contact the Department of Despatch regarding tutorial material that you have not received,
use only the telephone numbers indicated in the My studies @ Unisa booklet (which you
received with your tutorial material).
You may access the tutorial letters for the modules for which you are registered on the
University’s online campus, myUnisa, at http://my.unisa.ac.za. You can also use myUnisa to
confirm that you have received all the tutorial letters. It is very important that you access
myUnisa because important announcements are placed there during the semester that
will assist you in the preparation of the examinations.
Note: Some of the tutorial matter may not be available when you register. Tutorial matter that
is not available when you register will be posted to you as soon as possible. When you register,
you will also receive an inventory letter containing information about your tutorial matter. See
also the my Studies @ Unisa booklet (that you received with your tutorial matter).
3
, 2 PURPOSE OF AND OUTCOMES FOR THE MODULE
2.1 Purpose
The purpose of this module is stated in the “introduction to the module” in your study guide.
2.2 Outcomes
For the learning outcomes of this module we refer you to the different topics in your study guide
for this module. In the “introduction to the module” we give an overview of the module and we
also explain our teaching strategy and how the study guide should be used to guide you through
the study material.
During the semester you should:
- work through your study material, make summaries and complete the “do” activities.
- answer the questions contained in Tutorial Letter 102 and compare your answers with the
suggested solutions contained in Tutorial Letter 103.
- complete and submit assignment 01 (compulsory assignment for examination admission)
and assignment 02 before the due dates. All the compulsory assignments are included in
this tutorial letter.
- prepare yourself for the examination (for examination preparation and technique refer to
the My studies @ Unisa brochure).
All students will receive the solutions to the assignments, even if they do not submit their
assignments.
3 LECTURERS AND CONTACT DETAILS
3.1 Lecturers
Lecturers for AUI2601
The lecturer responsible for this module, and to whom you should direct your enquiries, is:
Ms D Sebastian
E-mail: Tel: 012 429 4074/ +27 12 429 4074
Course co-ordinator:
Mrs BM van Wyk
E-mail: Tel: 012 429 4712/ +27 12 429 4712
PLEASE NOTE: Personal appointments should be arranged beforehand.
Always have your student number and module code ready when you contact the
university!
4
Tutorial letter 101/3/2014
INTERNAL AUDITING: THEORY AND
PRINCIPLES
AUI2601
Semesters 1 & 2
Department of Auditing
IMPORTANT INFORMATION:
This tutorial letter contains important information
about your module.
, CONTENTS
Page
1 INTRODUCTION .......................................................................................................................... 3
2 PURPOSE OF AND OUTCOMES FOR THE MODULE............................................................... 4
2.1 Purpose ........................................................................................................................................ 4
2.2 Outcomes .....................................................................................................................................4
3 LECTURERS AND CONTACT DETAILS ..................................................................................... 4
3.1 Lecturers....................................................................................................................................... 4
3.2 Department ................................................................................................................................... 5
3.3 University ...................................................................................................................................... 5
4 MODULE-RELATED RESOURCES ............................................................................................. 7
4.1 Prescribed books .......................................................................................................................... 7
4.2 Recommended books ................................................................................................................... 7
4.3 Electronic reserves (e-reserves) ................................................................................................... 7
5 STUDENT SUPPORT SERVICES FOR THE MODULE ............................................................... 7
6 MODULE-SPECIFIC STUDY PLAN ............................................................................................. 8
7 MODULE PRACTICAL WORK AND WORK-INTEGRATED LEARNING .................................... 8
8 ASSESSMENT ............................................................................................................................. 8
8.1 Assessment plan .......................................................................................................................... 8
8.2 General assignment numbers ....................................................................................................... 9
8.2.1 Unique assignment numbers ........................................................................................................ 9
8.2.2 Due dates for assignments ........................................................................................................... 9
8.3 Submission of assignments ........................................................................................................ 10
8.4 Assignments ............................................................................................................................... 11
8.4.1 Semester 1: Compulsory assignment 01 .................................................................................. 11
8.4.2 Semester 1: Compulsory assignment 02 .................................................................................. 17
8.4.3 Semester 2: Compulsory assignment 01 .................................................................................. 24
8.4.4 Semester 2: Compulsory assignment 02 .................................................................................. 30
9 OTHER ASSESSMENT METHODS ........................................................................................... 38
10 EXAMINATION ........................................................................................................................... 38
11 FREQUENTLY ASKED QUESTIONS ........................................................................................ 39
12 CONCLUSTION ......................................................................................................................... 39
13 ADDENDUM ............................................................................................................................... 39
2
, AUI2601/101
1 INTRODUCTION
Dear Student
It gives us great pleasure to welcome you as an AUI2601 student in the Department of Auditing.
As your lecturers, we are at your disposal and will gladly assist you in your studies. Be assured
of our willingness to support you with advice during your study programme.
You will receive a number of tutorial letters during the semester. A tutorial letter is one way of
communicating with you about teaching, learning and assessment. Please read the My studies
@ Unisa brochure in combination with this tutorial letter (Tutorial Letter 101), as it gives you an
idea of generally important information when studying within our College.
Right from the start we would like to point out that you must read all the tutorial letters you
receive during the semester immediately and carefully, as they always contain important and,
sometimes, urgent information.
This tutorial letter contains important information that will assist you in your studies. Please
read it carefully and keep it at hand when working through the study material, preparing the
assignments, preparing for the examination and addressing questions to your lecturers.
We trust that you will benefit from everything that this module has to offer.
Study material
You will be supplied with the following tutorial material for this module by the Despatch
Department:
• Study guide and
• Tutorial Letters
All tutorial material will be mailed to you upon registration. Tutorial matter that is not available
when you register will be posted to you as soon as possible, but is also available on myUnisa.
To contact the Department of Despatch regarding tutorial material that you have not received,
use only the telephone numbers indicated in the My studies @ Unisa booklet (which you
received with your tutorial material).
You may access the tutorial letters for the modules for which you are registered on the
University’s online campus, myUnisa, at http://my.unisa.ac.za. You can also use myUnisa to
confirm that you have received all the tutorial letters. It is very important that you access
myUnisa because important announcements are placed there during the semester that
will assist you in the preparation of the examinations.
Note: Some of the tutorial matter may not be available when you register. Tutorial matter that
is not available when you register will be posted to you as soon as possible. When you register,
you will also receive an inventory letter containing information about your tutorial matter. See
also the my Studies @ Unisa booklet (that you received with your tutorial matter).
3
, 2 PURPOSE OF AND OUTCOMES FOR THE MODULE
2.1 Purpose
The purpose of this module is stated in the “introduction to the module” in your study guide.
2.2 Outcomes
For the learning outcomes of this module we refer you to the different topics in your study guide
for this module. In the “introduction to the module” we give an overview of the module and we
also explain our teaching strategy and how the study guide should be used to guide you through
the study material.
During the semester you should:
- work through your study material, make summaries and complete the “do” activities.
- answer the questions contained in Tutorial Letter 102 and compare your answers with the
suggested solutions contained in Tutorial Letter 103.
- complete and submit assignment 01 (compulsory assignment for examination admission)
and assignment 02 before the due dates. All the compulsory assignments are included in
this tutorial letter.
- prepare yourself for the examination (for examination preparation and technique refer to
the My studies @ Unisa brochure).
All students will receive the solutions to the assignments, even if they do not submit their
assignments.
3 LECTURERS AND CONTACT DETAILS
3.1 Lecturers
Lecturers for AUI2601
The lecturer responsible for this module, and to whom you should direct your enquiries, is:
Ms D Sebastian
E-mail: Tel: 012 429 4074/ +27 12 429 4074
Course co-ordinator:
Mrs BM van Wyk
E-mail: Tel: 012 429 4712/ +27 12 429 4712
PLEASE NOTE: Personal appointments should be arranged beforehand.
Always have your student number and module code ready when you contact the
university!
4
