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: 

Develop understanding within an organisation about the risks associated with its functioning and contexts 
SAQA US ID UNIT STANDARD TITLE
13107  Develop understanding within an organisation about the risks associated with its functioning and contexts 
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 
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 
A person credited with this unit standard understands and is able to advise on an organisation's strategies and provide advice on the organisation's risks. 

LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
Unit standard, Contribute to the implementation of auditing procedures, NQF 5. 

Specific Outcomes and Assessment Criteria: 

SPECIFIC OUTCOME 1 
Advise on organisation's strategies, processes, capabilities and contextual dynamics affecting it. 
OUTCOME NOTES 
Advise on an organisation's strategies, processes, capabilities and the contextual dynamics affecting its functioning. 

ASSESSMENT CRITERIA
 

ASSESSMENT CRITERION 1 
1. The organisation's objectives and strategies are identified. 

ASSESSMENT CRITERION 2 
2. Key processes used to support strategies are identified. 

ASSESSMENT CRITERION 3 
3. Patterns of resource use associated with key processes are identified. 

ASSESSMENT CRITERION 4 
4. The core capabilities supporting the organisation's strategies are identified. 

ASSESSMENT CRITERION 5 
5. The contextual dynamics affecting the organisation's strategic success and its future are identified. 
ASSESSMENT CRITERION RANGE 
competitive, institutional, environmental
 

SPECIFIC OUTCOME 2 
Profile the organisation's philosophy on risk. 

ASSESSMENT CRITERIA
 

ASSESSMENT CRITERION 1 
1. A framework for structuring inquiry and communication about risk is identified and selected. 

ASSESSMENT CRITERION 2 
2. A framework for structuring inquiry and communication about risk is developed. 

ASSESSMENT CRITERION 3 
3. Acceptance of this framework within the organisation is negotiated. 

ASSESSMENT CRITERION 4 
4. Relevant enquiries and communication about risk in relation to the organisation is conducted with key personnel. 

ASSESSMENT CRITERION 5 
5. The profile developed of the organisation's philosophy on risk is confirmed with management. 

SPECIFIC OUTCOME 3 
Advise on the risk management strategies of the organisation. 

ASSESSMENT CRITERIA
 

ASSESSMENT CRITERION 1 
1. The key risk drivers facing the organisation are identified through appropriate forms of analysis, interaction. 

ASSESSMENT CRITERION 2 
2. The policies and/or practices used to manage risk are identified with respect to each key driver. 

ASSESSMENT CRITERION 3 
3. Responsibilities for risk management are identified in relation to each key driver. 

ASSESSMENT CRITERION 4 
4. The organisation's policies and/or practices for risk management are consolidated and expressed as strategies. 

SPECIFIC OUTCOME 4 
Provide advice on relating the organisation's risk management philosophies and their implementation. 

ASSESSMENT CRITERIA
 

ASSESSMENT CRITERION 1 
1. The risk management strategies of the organisation are reviewed and assessed from the perspective of best practice. 

ASSESSMENT CRITERION 2 
2. The level of integration between the organisation's philosophies on risk and its risk management strategies are reviewed and assessed. 

ASSESSMENT CRITERION 3 
3. The vulnerability of the organisation's risk management strategies to contextual shifts is assessed. 

ASSESSMENT CRITERION 4 
4. Risk management within the organisation is advised on and negotiated within these relevant settings. 


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:
  • Obtaining audit evidence: objectives, planning procedures, application of the principles

    Legal Requirements:
  • Companies Act
  • Close Corporations Act
  • IFAC Auditing Standards
  • PAA Act
  • Public sector legislation
  • PFMA (Public Finance Management Act)
  • Treasury regulations
  • Municipal Finance Act (once promulgated)
  • Auditor General Act
  • Audit Arrangement Act
  • SAAS 


  • Critical Cross-field Outcomes (CCFO): 

    UNIT STANDARD CCFO IDENTIFYING 
    Solve problems 

    UNIT STANDARD CCFO WORKING 
    Work effectively with others a member of a team/group 

    UNIT STANDARD CCFO ORGANISING 
    Organise and manage oneself and one's activities responsibly and effectively 

    UNIT STANDARD CCFO COLLECTING 
    Collect, organise and critically evaluate information 

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

    UNIT STANDARD CCFO SCIENCE 
    Use science and technology effectively and critically 

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

    UNIT STANDARD CCFO CONTRIBUTING 
    Contribute to the full personal development of each learner and the social and economic development of society at large 

    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 
    Core  49196   National Certificate: Social Housing Property Development  Level 6  Level TBA: Pre-2009 was L6  Reregistered  2023-06-30  PSETA 
    Core  49198   National Certificate: Social Housing Property Management  Level 6  Level TBA: Pre-2009 was L6  Reregistered  2023-06-30  PSETA 
    Elective  63909   National Certificate: Business Analysis  Level 6  Level TBA: Pre-2009 was L6  Reregistered  2023-06-30  MICTS 


    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.