SAQA All qualifications and part qualifications registered on the National Qualifications Framework are public property. Thus the only payment that can be made for them is for service and reproduction. It is illegal to sell this material for profit. If the material is reproduced or quoted, the South African Qualifications Authority (SAQA) should be acknowledged as the source.
SOUTH AFRICAN QUALIFICATIONS AUTHORITY 
REGISTERED UNIT STANDARD: 

Apply and design systems of internal financial audit control 
SAQA US ID UNIT STANDARD TITLE
12942  Apply and design systems of internal financial audit control 
ORIGINATOR
SGB HET Accountancy and Financial Management 
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY
FASSET - Financial and Accounting Services SETA 
FIELD SUBFIELD
Field 03 - Business, Commerce and Management Studies Finance, Economics and Accounting 
ABET BAND UNIT STANDARD TYPE PRE-2009 NQF LEVEL NQF LEVEL CREDITS
Undefined  Regular  Level 6  Level TBA: Pre-2009 was L6  12 
REGISTRATION STATUS REGISTRATION START DATE REGISTRATION END DATE SAQA DECISION NUMBER
Reregistered  2018-07-01  2023-06-30  SAQA 06120/18 
LAST DATE FOR ENROLMENT LAST DATE FOR ACHIEVEMENT
2024-06-30   2027-06-30  

In all of the tables in this document, both the pre-2009 NQF Level and the NQF Level is shown. In the text (purpose statements, qualification rules, etc), any references to NQF Levels are to the pre-2009 levels unless specifically stated otherwise.  

This unit standard does not replace any other unit standard and is not replaced by any other unit standard. 

PURPOSE OF THE UNIT STANDARD 
People credited with this unit standard are generally found within the auditing field. On successful completion of the unit standard, people will be able to explain, apply and design internal audit control systems in manual and computerised environments. 

LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
  • Unit standards in Intermediate computer and software design skills at NQF level 5
  • Unit standard, Work with information technology, NQF level 5. 

  • UNIT STANDARD RANGE 
    Manual and computerised environments. 

    Specific Outcomes and Assessment Criteria: 

    SPECIFIC OUTCOME 1 
    Demonstrate knowledge of the principles of systems of internal financial control. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    1. The principles of sound internal control systems are explained in terms of management, internal and external auditor responsibilities. 

    ASSESSMENT CRITERION 2 
    2. The objectives of control in internal systems are described in relation to management, operational and internal financial controls. 

    ASSESSMENT CRITERION 3 
    3. The authorisation of transactions and activities, as well as segregation of duties and management supervision is explained to the client in a logical manner. 

    ASSESSMENT CRITERION 4 
    4. The design and use of documentation and records is presented in policy and procedure format and includes aspects of safeguarding access and use of assets and records. 

    ASSESSMENT CRITERION 5 
    5. The verification of recorded amounts in internal control systems is described in a structured manner. 

    SPECIFIC OUTCOME 2 
    Design systems of internal financial control. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    1. Manual and computerised internal control systems are designed that meet organisational and industry standards. 

    ASSESSMENT CRITERION 2 
    2. The design and operation of internal control systems is documented to allow for future reference and training activities. 

    ASSESSMENT CRITERION 3 
    3. Common risks of non-compliance are identified and included in the documented design and operation documentation. 

    ASSESSMENT CRITERION 4 
    4. The design encompasses control features that address specific risks and control objectives. 

    ASSESSMENT CRITERION 5 
    5. Internal system control principles are applied that are specific to organisational business processes and/or cycles. 

    SPECIFIC OUTCOME 3 
    Evaluate current and new systems of internal financial control. 
    OUTCOME RANGE 
    Networks and electronic data exchange, Internet and intranets, Electronic commerce, Outsourcing, Stand-alone microcomputer systems, Online computer systems, Database systems 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    1. The effects of new development in computerised information systems are assessed in relation to the organisation. 

    ASSESSMENT CRITERION 2 
    2. Internal control systems are evaluated in order to constructively criticise specific control problems. 

    ASSESSMENT CRITERION 3 
    3. Recommendations for improvement to internal control systems are provided to the client, that address specific control problems. 

    SPECIFIC OUTCOME 4 
    Apply the fundamental concepts of information technology. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    1. The integrity and reliability of information in computerised information systems is explained in layman's terms. 

    ASSESSMENT CRITERION 2 
    2. Internal control systems are designed in a manner that allows for integrity and reliability of information. 

    ASSESSMENT CRITERION 3 
    3. The critical role of information systems in the business environment is described in relation to international, industry and organisational standards. 

    ASSESSMENT CRITERION 4 
    4. Controls in computerised information system environments are explained and include all aspects of accepted control. 
    ASSESSMENT CRITERION RANGE 
    Data organisation and processing modes, Control risks specific to CIS, Environmental control (organisational and management controls, systems development and maintenance controls, system security controls, hardware and systems software controls), Transaction related controls, Preventative versus detective controls, Computer dependent controls, User (non-computer dependent) controls
     


    UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS 
    Accreditation for this unit standard shall be obtained from the relevant Education and Training Quality Assurance Body, through summative assessment by a registered assessor.

    Moderation activity comments by SGB's, organisations and individuals may be forwarded to NSB03. 

    UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE 
    A demonstrated understanding of:
  • Principles of internal control
  • Design and assessment of internal control systems
  • New developments in computerised information systems (CIS)
  • Controls in CIS environments
  • Fundamental concepts of Information Technology (IT) 


  • Critical Cross-field Outcomes (CCFO): 

    UNIT STANDARD CCFO IDENTIFYING 
    Identify and solve problems in which responses display that responsible decisions using critical and creative thinking have been made. 

    UNIT STANDARD CCFO WORKING 
    Organise and manage oneself and one's activities responsibilty and effectively. 

    UNIT STANDARD CCFO COLLECTING 
    Collect, organise and critically evaluate information. 

    UNIT STANDARD CCFO COMMUNICATING 
    Communicate effectively using visual, mathematical and language skills in the modes of oral and written presentations. 

    UNIT STANDARD CCFO SCIENCE 
    Use science and technology effectively and critically (showing responsibility towards the environment and health of others). 

    UNIT STANDARD CCFO DEMONSTRATING 
    Demonstrate an understanding of the world as a set of related systems. 

    REREGISTRATION HISTORY 
    As per the SAQA Board decision/s at that time, this unit standard was Reregistered in 2012; 2015. 

    QUALIFICATIONS UTILISING THIS UNIT STANDARD: 
      ID QUALIFICATION TITLE PRE-2009 NQF LEVEL NQF LEVEL STATUS END DATE PRIMARY OR DELEGATED QA FUNCTIONARY
    Core  24453   National Certificate: Real Estate  Level 6  Level TBA: Pre-2009 was L6  Reregistered  2023-06-30  SERVICES 


    PROVIDERS CURRENTLY ACCREDITED TO OFFER THIS UNIT STANDARD: 
    This information shows the current accreditations (i.e. those not past their accreditation end dates), and is the most complete record available to SAQA as of today. Some Primary or Delegated Quality Assurance Functionaries have a lag in their recording systems for provider accreditation, in turn leading to a lag in notifying SAQA of all the providers that they have accredited to offer qualifications and unit standards, as well as any extensions to accreditation end dates. The relevant Primary or Delegated Quality Assurance Functionary should be notified if a record appears to be missing from here.
     
    NONE 



    All qualifications and part qualifications registered on the National Qualifications Framework are public property. Thus the only payment that can be made for them is for service and reproduction. It is illegal to sell this material for profit. If the material is reproduced or quoted, the South African Qualifications Authority (SAQA) should be acknowledged as the source.