AUI3704/101/3/2020
Tutorial Letter 101/3/2020
The Internal Audit Process: Managing the
Internal Audit Activity
AUI3704
Semester 1 and 2
Department of Auditing
IMPORTANT INFORMATION
Please register on myUnisa, activate your myLife e-mail address and make sure
that you have regular access to the myUnisa module website, as well as your
group website.
Note: This is a blended module and therefore it is available on myUnisa. However, in
order to support you in your learning process, you will also receive some study
material in printed format.
BARCODE
, CONTENTS
Page
1 INTRODUCTION TO THE MODULE ............................................................................................. 3
1.1 To get started on myUnisa ............................................................................................................. 3
1.2 How to study this module online ..................................................................................................... 4
2 PURPOSE AND OUTCOMES FOR THE MODULE ...................................................................... 4
3 LECTURERS AND CONTACT DETAILS ...................................................................................... 5
3.1 Lecturers’ information ..................................................................................................................... 5
3.2 Department ..................................................................................................................................... 5
3.3 College ........................................................................................................................................... 5
3.4 University ........................................................................................................................................ 5
4 RESOURCES ................................................................................................................................. 7
4.1 Prescribed books ............................................................................................................................ 7
4.2 Recommended books..................................................................................................................... 8
4.3 Electronic reserves (e-reserves)..................................................................................................... 8
4.4 Library services and resources information .................................................................................... 8
5 STUDENT SUPPORT SERVICES ................................................................................................. 8
6 STUDY PLAN................................................................................................................................. 8
7 PRACTICAL WORK AND WORK-INTEGRATED LEARNING ..................................................... 9
8 ASSESSMENT ............................................................................................................................... 9
8.1 Assessment plan ............................................................................................................................ 9
8.2 Assignment numbering ................................................................................................................. 10
8.3 Due dates for assignments ........................................................................................................... 11
8.4 Submission of assignments .......................................................................................................... 11
8.5 Assignments ................................................................................................................................. 12
9 EXAMINATION ............................................................................................................................ 36
10 FREQUENTLY ASKED QUESTIONS ......................................................................................... 37
11 SOURCES CONSULTED ............................................................................................................ 37
12 IN CLOSING................................................................................................................................. 37
13 ADDENDUM................................................................................................................................. 37
2
, AUI3704/101/3/2020
Dear Student
As part of this tutorial letter, we wish to inform you that Unisa has implemented a
transformation charter based on five pillars and eight dimensions. In response to this charter,
we have also placed curriculum transformation high on the agenda. For your information,
curriculum transformation includes the following pillars: student-centred scholarship, the
pedagogical renewal of teaching and assessment practices, the scholarship of teaching and
learning, and the infusion of African epistemologies and philosophies. These pillars and their
principles will be integrated at both the programme and module levels, as a phased-in
approach. You will notice the implementation thereof in your modules, and we encourage you
to fully embrace these changes during your studies at Unisa.
1 INTRODUCTION TO THE MODULE
Dear Student
Welcome to the module AUI3704. We shall do our best to make your study of this course
interesting and rewarding. You will be well on your way to success if you start studying early in
the semester and decide to do your assignments properly.
You must be registered for a myLife e-mail address and register on myUnisa to be able to
access your study material, submit assignments, gain access to the Library functions and
various learning resources, download study material, “chat” to your lecturers and fellow
students about your studies and the challenges you encounter, and participate in online
discussion forums.
Tutorial letters will be posted to students. However, we encourage you to utilise the online
learning platform. All the learning material is available on myUnisa with useful links to assist
you in mastering a perceived difficult subject like internal auditing. In this module you will be
guided through the content by working through the learning units either on myUnisa or the
printed version.
We hope that you will have a very enjoyable and successful semester of study.
1.1 To get started on myUnisa
Based on a Unisa decision, for this module you will only receive a printed study guide and
Tutorial Letter 101 (this tutorial letter). The other tutorial letters of less than 20 pages are not
printed and are electronically available on myUnisa. You must be registered on myUnisa to be
able to access study material, submit your assignments, gain access to the Library functions
and various learning resources, to “chat” to your lecturer and fellow students about your
studies and the challenges that you might encounter, and to participate in online discussion
forums, blogs or self-assessments.
In addition to registering on myUnisa, it is crucial that you activate your myLife e-mail address,
as all your official correspondence regarding this module will be sent to your myLife address
and not your private e-mail address. Please consult the Study @ Unisa publication for more
information on the activation of your myLife e-mail address as well as obtaining access to the
myUnisa module site.
3
, Go to the website https://my.unisa.ac.za and log in with your student number and password.
You will see AUI3704 in your row of modules, in the orange bar across the top of the
webpage.
1.2 How to study this module online
This module is taught online — this means that it is a different experience from some of your
other modules at Unisa.
This means that all your study material and learning activities are online, on
myUnisa. Printed material will be provided. However, you will benefit from utilising the
online platform.
Attempt to submit all of your assignments online. If you submit your assignments
online, make sure that you submit them on myUnisa in the required format (PDF).
(Remember: submitting your assignments online is faster and safer than by post.)
This means that most of the communication between yourself and the university
also happens online — by e-mail, in the discussion forums and through the
Questions and Answers tool. The semester period is very short; therefore,
communicating with you online is the most effective way to cover all the learning
material.
2 PURPOSE AND OUTCOMES FOR THE MODULE
2.1 Purpose
The purpose of the module is to enable the students to demonstrate detailed knowledge,
specific skills and applied competency in managing the internal audit activity.
2.2 Outcomes
There are specific module outcomes, which are as follows:
Specific outcome 1: Adhere to the International Professional Practices Framework
(IPPF) of Internal Auditing when managing the internal audit activity, including (but not
limited to):
• the Standards for the Professional Practice of Internal Auditing (Standards),
• the Implementation Guidance,
• the Code of Ethics,
• the internal auditing definition
Specific outcome 2: Consider the significant factors impacting on the management of
an internal audit activity.
Specific outcome 3: Develop a deep knowledge and understanding of the practices
followed in establishing an internal audit activity.
Specific outcome 4: Develop a deep knowledge and understanding of the practices
followed in the continuous management of an internal audit activity.
4
Tutorial Letter 101/3/2020
The Internal Audit Process: Managing the
Internal Audit Activity
AUI3704
Semester 1 and 2
Department of Auditing
IMPORTANT INFORMATION
Please register on myUnisa, activate your myLife e-mail address and make sure
that you have regular access to the myUnisa module website, as well as your
group website.
Note: This is a blended module and therefore it is available on myUnisa. However, in
order to support you in your learning process, you will also receive some study
material in printed format.
BARCODE
, CONTENTS
Page
1 INTRODUCTION TO THE MODULE ............................................................................................. 3
1.1 To get started on myUnisa ............................................................................................................. 3
1.2 How to study this module online ..................................................................................................... 4
2 PURPOSE AND OUTCOMES FOR THE MODULE ...................................................................... 4
3 LECTURERS AND CONTACT DETAILS ...................................................................................... 5
3.1 Lecturers’ information ..................................................................................................................... 5
3.2 Department ..................................................................................................................................... 5
3.3 College ........................................................................................................................................... 5
3.4 University ........................................................................................................................................ 5
4 RESOURCES ................................................................................................................................. 7
4.1 Prescribed books ............................................................................................................................ 7
4.2 Recommended books..................................................................................................................... 8
4.3 Electronic reserves (e-reserves)..................................................................................................... 8
4.4 Library services and resources information .................................................................................... 8
5 STUDENT SUPPORT SERVICES ................................................................................................. 8
6 STUDY PLAN................................................................................................................................. 8
7 PRACTICAL WORK AND WORK-INTEGRATED LEARNING ..................................................... 9
8 ASSESSMENT ............................................................................................................................... 9
8.1 Assessment plan ............................................................................................................................ 9
8.2 Assignment numbering ................................................................................................................. 10
8.3 Due dates for assignments ........................................................................................................... 11
8.4 Submission of assignments .......................................................................................................... 11
8.5 Assignments ................................................................................................................................. 12
9 EXAMINATION ............................................................................................................................ 36
10 FREQUENTLY ASKED QUESTIONS ......................................................................................... 37
11 SOURCES CONSULTED ............................................................................................................ 37
12 IN CLOSING................................................................................................................................. 37
13 ADDENDUM................................................................................................................................. 37
2
, AUI3704/101/3/2020
Dear Student
As part of this tutorial letter, we wish to inform you that Unisa has implemented a
transformation charter based on five pillars and eight dimensions. In response to this charter,
we have also placed curriculum transformation high on the agenda. For your information,
curriculum transformation includes the following pillars: student-centred scholarship, the
pedagogical renewal of teaching and assessment practices, the scholarship of teaching and
learning, and the infusion of African epistemologies and philosophies. These pillars and their
principles will be integrated at both the programme and module levels, as a phased-in
approach. You will notice the implementation thereof in your modules, and we encourage you
to fully embrace these changes during your studies at Unisa.
1 INTRODUCTION TO THE MODULE
Dear Student
Welcome to the module AUI3704. We shall do our best to make your study of this course
interesting and rewarding. You will be well on your way to success if you start studying early in
the semester and decide to do your assignments properly.
You must be registered for a myLife e-mail address and register on myUnisa to be able to
access your study material, submit assignments, gain access to the Library functions and
various learning resources, download study material, “chat” to your lecturers and fellow
students about your studies and the challenges you encounter, and participate in online
discussion forums.
Tutorial letters will be posted to students. However, we encourage you to utilise the online
learning platform. All the learning material is available on myUnisa with useful links to assist
you in mastering a perceived difficult subject like internal auditing. In this module you will be
guided through the content by working through the learning units either on myUnisa or the
printed version.
We hope that you will have a very enjoyable and successful semester of study.
1.1 To get started on myUnisa
Based on a Unisa decision, for this module you will only receive a printed study guide and
Tutorial Letter 101 (this tutorial letter). The other tutorial letters of less than 20 pages are not
printed and are electronically available on myUnisa. You must be registered on myUnisa to be
able to access study material, submit your assignments, gain access to the Library functions
and various learning resources, to “chat” to your lecturer and fellow students about your
studies and the challenges that you might encounter, and to participate in online discussion
forums, blogs or self-assessments.
In addition to registering on myUnisa, it is crucial that you activate your myLife e-mail address,
as all your official correspondence regarding this module will be sent to your myLife address
and not your private e-mail address. Please consult the Study @ Unisa publication for more
information on the activation of your myLife e-mail address as well as obtaining access to the
myUnisa module site.
3
, Go to the website https://my.unisa.ac.za and log in with your student number and password.
You will see AUI3704 in your row of modules, in the orange bar across the top of the
webpage.
1.2 How to study this module online
This module is taught online — this means that it is a different experience from some of your
other modules at Unisa.
This means that all your study material and learning activities are online, on
myUnisa. Printed material will be provided. However, you will benefit from utilising the
online platform.
Attempt to submit all of your assignments online. If you submit your assignments
online, make sure that you submit them on myUnisa in the required format (PDF).
(Remember: submitting your assignments online is faster and safer than by post.)
This means that most of the communication between yourself and the university
also happens online — by e-mail, in the discussion forums and through the
Questions and Answers tool. The semester period is very short; therefore,
communicating with you online is the most effective way to cover all the learning
material.
2 PURPOSE AND OUTCOMES FOR THE MODULE
2.1 Purpose
The purpose of the module is to enable the students to demonstrate detailed knowledge,
specific skills and applied competency in managing the internal audit activity.
2.2 Outcomes
There are specific module outcomes, which are as follows:
Specific outcome 1: Adhere to the International Professional Practices Framework
(IPPF) of Internal Auditing when managing the internal audit activity, including (but not
limited to):
• the Standards for the Professional Practice of Internal Auditing (Standards),
• the Implementation Guidance,
• the Code of Ethics,
• the internal auditing definition
Specific outcome 2: Consider the significant factors impacting on the management of
an internal audit activity.
Specific outcome 3: Develop a deep knowledge and understanding of the practices
followed in establishing an internal audit activity.
Specific outcome 4: Develop a deep knowledge and understanding of the practices
followed in the continuous management of an internal audit activity.
4
