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SOUTH AFRICAN QUALIFICATIONS AUTHORITY 
REGISTERED UNIT STANDARD THAT HAS PASSED THE END DATE: 

Establish a framework for internal control and internal control evaluation 
SAQA US ID UNIT STANDARD TITLE
13062  Establish a framework for internal control and internal control evaluation 
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  10 
REGISTRATION STATUS REGISTRATION START DATE REGISTRATION END DATE SAQA DECISION NUMBER
Passed the End Date -
Status was "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 able to apply and advise on all aspects of internal control and internal control evaluation when planning an audit. 

LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
  • Unit standard, Contribute to the implementation of auditing procedures, NQF level 5.
  • Unit standard, Identify the responsibilities, functions and qualities of the auditor, NQF level 6.
  • Unit standard, Demonstrate knowledge of the various statutory requirements relating to company law they relate to the audit function, NQF level 6. 
    		•

    UNIT STANDARD RANGE 
    N/A 

    Specific Outcomes and Assessment Criteria: 

    SPECIFIC OUTCOME 1 
    Describe and apply the objectives, nature and evaluation of internal control. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    1. The concepts and principles relevant to internal control are explained and applied in line with predetermined standards. 
    ASSESSMENT CRITERION RANGE 
    Including objectives of internal control, gaining an understanding of the accounting system and related internal controls e.g. controls in computer based systems
     

    ASSESSMENT CRITERION 2 
    2. The concepts and principles relevant to evaluating a system of internal control are explained and applied in accordance with generally accepted auditing requirements. 
    ASSESSMENT CRITERION RANGE 
    Including design and operation, common risks and related control features, application of control principles as it relates to the business processes/cycles
     

    ASSESSMENT CRITERION 3 
    3. The concepts and principles relevant to the test of controls are explained and applied in accordance with generally accepted auditing requirements. 
    ASSESSMENT CRITERION RANGE 
    Including interdependent environmental controls
     

    ASSESSMENT CRITERION 4 
    4. The concepts and principles relevant to specific control problems relating to CIS environments are explained and applied in accordance with generally accepted auditing requirements. 
    ASSESSMENT CRITERION RANGE 
    Including characteristics and considerations, stand-alone computers, micro-computers, on-line computer systems, database systems, outsourcing, paperless transactions
     

    ASSESSMENT CRITERION 5 
    5. The concepts and principles relevant to the communication of weaknesses to management are explained and applied in accordance with generally accepted auditing requirements. 

    SPECIFIC OUTCOME 2 
    Provide information on the objectives, nature and evaluation of internal control. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    1. The concepts and principles relevant to internal control are commented on in line with predetermined standards. 
    ASSESSMENT CRITERION RANGE 
    Including objectives of internal control, gaining an understanding of the accounting system and related internal controls e.g. controls in computer based systems
     

    ASSESSMENT CRITERION 2 
    2. The concepts and principles relevant to evaluating a system of internal control are assessed in accordance with generally accepted auditing requirements. 
    ASSESSMENT CRITERION RANGE 
    Including design and operation, common risks and related control features, application of control principles as it relates to the business processes/cycles
     

    ASSESSMENT CRITERION 3 
    3. The concepts and principles relevant to the test of controls are assessed in accordance with generally accepted auditing requirements. 
    ASSESSMENT CRITERION RANGE 
    Including interdependent - environmental - controls
     

    ASSESSMENT CRITERION 4 
    4. The concepts and principles relevant to specific control problems relating to CIS environments are assessed in accordance with generally accepted auditing requirements. 
    ASSESSMENT CRITERION RANGE 
    Including characteristics and considerations, stand-alone computers, micro-computers, on-line computer systems, database systems, outsourcing, paperless transactions
     

    ASSESSMENT CRITERION 5 
    5. The concepts and principles relevant to the communication of weaknesses to management are commented on in accordance with generally accepted auditing requirements. 


    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:
  • Internal control: objectives, evaluation

    Legal Requirements:
  • The Companies Act
  • The 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
  • Generally accepted auditing practice 
    		•

    UNIT STANDARD DEVELOPMENTAL OUTCOME 
    N/A 

    UNIT STANDARD LINKAGES 
    N/A 


    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 ASSESSOR CRITERIA 
    N/A 

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

    UNIT STANDARD NOTES 
    N/A 

    QUALIFICATIONS UTILISING THIS UNIT STANDARD: 
      ID QUALIFICATION TITLE PRE-2009 NQF LEVEL NQF LEVEL STATUS END DATE PRIMARY OR DELEGATED QA FUNCTIONARY
    Elective  59989   National Certificate: Resolving of Crime  Level 5  Level TBA: Pre-2009 was L5  Passed the End Date -
    Status was "Reregistered"     		 2016-06-30  SAS SETA 


    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.