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Auditing

Internal auditing

What is Internal Auditing?
Internal auditing is an independent, objective assurance and consulting activity designed to add value and improve an organisation's operations.  It helps an organisation accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control, and  governance processes.

An internal auditor analyses and evaluates all activities, controls and governance processes concerned with the operations of an organisation, reports to executive management on audit findings and submits proposals for improvements.  

Why study Internal Auditing?
Internal auditing had its origin in management's need for adequate control. It is becoming increasingly difficult for the management of larger and complicex organisations to personally exercise full control over organisational efficiency. Legislation already exist requiring certain types of organisations to establish an internal audit function. The King Report on Corporate Governance also recommends that certain specified types of organisations establish internal audit functions.  

What career opportunies exist for the BCom and Honours BCom degrees with specialisation in Internal Auditing?

The degrees are career orientated and enable you to:

  • become part of the management team of an organisation.
  • become part of an internationally recognized management-orientated profession.
  • pursue a career in internal auditing.

The degrees  offer career opportunities in most big organisations and especially in the following areas:

  • Commerce and industry
  • Public sector
  • Local government
  • Academic.

The specialised knowledge of financial and management accounting, business  management and audit aspects, which the degrees offer enables successful candidates to be of service to the organisation with regard to all aspects concerning the operations of the organisation, as part of the management team of the organisation.

BCom with specialisation in Internal Auding

Pre-requisites
Matriculation exemption is a pre-requisite for admission to this field of study. Students without matriculation exemption who hold a Senior Certificate plus a certificate for an approved UNISA-programme of the Faculty of Economics and Management Sciences, may apply for a Senate Discretionary Exemption to register for a degree course.

Course Content
The BCom with specialisation in internal auditing degree is a career orientated degree and consists of 34 modules structured as follows:

Please click HERE for the Qualifications 

Medium of instructions
Tuition is in English or Afrikaans through distance education. You can therefore study while you work and earn an income.  

Post-graduate study opportunities
After completion of this specialisation degree it is possible to further your studies by enrolling for the Honours BCom in Auditing - with specialisation in Internal Auditing. Persons who are already in possession of another BCom degree or a BAdmin degree may, provided certain conditions are complied with, also be allowed to undertake post-graduate studies in this field of specialisation. The degree is also the first step in becoming a "Certified Internal Auditor" (CIA). The CIA-certificate is an international qualification held in high esteem.

Other study opportunities where internal auditing can be taken as a subject
Other BCom specialisation degrees where internal auditing can be taken as a module are:

  • BCom with specialisation in Management Accounting
  • BCom with specialisation in Informatics.

Internal auditing can also be taken as a major subject or as a module for the BCom (General) degree. 

Honours BCom in Auditing - with specialisation in Internal Auditing

Prerequisites
Persons who want to enroll for this degree must be in possession of a BCom with specialisation in Internal Auditing degree.  Persons who are in possession of another BCom degree or a BAdmin degree may, provided certain conditions are complied with, also be allowed to enroll for the honours degree in internal auditing.

The degree equip successful candidates with the required knowledge to be admitted to write the professional qualifying Certified Internal Auditor (CIA) international examination.

Course content
The Honours BCom in Auditing - with specialisation in Internal Auditing degree is a vareer orientated degree and comprises the following 4 one year papers.

  1. Internal Audit Practice (HIAU01L)
  2. Internal Audit Applications (HIAU02M)
  3. Risk Management (FINRIS5)
  4. Applied Management Accounting (TOE408W)

The degree cannot be completed in less than one year but must be completed within two years.

Further study opportunities
After completion of this specialisation degree it is possible to further your studies up to the level of doctorate.

Where can I enroll for these degrees?
At the University of South Africa (UNISA)

The degrees are offered by the Department of Auditing, in the Faculty of Economic and Management Sciences of UNISA.  

Where can I obtain more information about the degrees

  • The Registrar (Academic), Unisa P O Box 392, PRETORIA, 0003
  • Undergraduate Student Affairs, Unisa (012) 429-4114; fax: (012) 429-4150 E-mail: econ@unisa.ac.za
  • Postgraduate Student Affairs, UNISA (012) 429-4190; fax: (012) 429-2429 E-mail: postecon@unisa.ac.za
  • Department of Auditing (012) 429-4074; fax: (012) 429-3673 e-mail: maraim@unisa.ac.za