AUDITING 202 (AUT 621S) - 2023 COURSE OUTLINE:

STATEMENT ABOUT ACADEMIC HONESTY AND INTEGRITY

All staff and students of the Namibia University of Science and Technology (NUST), upon signing their
employment contracts and registration forms, commit themselves to abide by the policies and rules of the
institution. The core activity of the NUST is learning and in this respect academic honesty and integrity is very
important to ensure that learning is valid, reliable, and credible.

The NUST therefore does not condone any form of academic dishonesty, including plagiarism and cheating on
tests and assessments, amongst other such practices. The NUST requires students to always do their own
assignments and to produce their own academic work, unless given a group assignment.

Academic Dishonesty includes, but is not limited

to:
• Using the ideas, words, works or inventions of someone else as if it is your own work.
• Using the direct words of someone else without quotation marks, even if it is referenced.
• Copying from writings (books, articles, webpages, other students’ assignments, etc.), published or
unpublished, without referencing.
• Syndication of a piece of work, all or part of an assignment, by a group of students,
unless the assignment was a legitimate group assignment.
• The borrowing and use of another person’s assignment, with or without their knowledge or permission.
• Infringing copyright, including documents copied or cut and pasted from the internet.
• Asking someone else to prepare an assignment for you or to write or sit an assessment for
you, whether this is against payment or not.
• Re-submitting work done already for another course or programme as new work, so-called
self- plagiarism.
• Bringing notes into an examination or test venue, regardless of whether the notes were used to
copy or not.
• Receiving any outside assistance in any form or shape during an examination or test.

All forms of academic dishonesty are viewed as misconduct under the NUST Student Rules and Regulations.
Students who make themselves guilty of academic dishonesty will be brought before a Disciplinary Committee
and may be suspended from studying for a certain time or may be expelled. All students who are found guilty
of academic dishonesty shall have an appropriate endorsement on their academic record, which will never be
erased.

Welcome Note
Welcome to Auditing 202 (AUT621S). We hope this period will be an extraordinary learning experience as
we will challenge you to acquire and/or grow in competencies needed to become a TRUE professional.

Goodluck

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Course Information

Course Code and Title:

Auditing 202 (AUD 612S)

Department:
Accounting, Economics and Finance

Programme:
Bachelor of Accounting

Contact Hours:
4 Hours per week (FT) 3 Hours per week (PT)

NQF Level and Credit:

NQF Level 6 (12 credits)

Course Description:

Aim of the Course

This course is part of the three modules covering Auditing offered at NUST. It is designed to introduce
students to the general principles and regulatory framework of audit and assurance function in an ever-
changing environment. It will cover more than just the statutory audit process but also business system
and how they link to the Audit process.

These modules start with a consideration of how businesses are conducted at a high level through
corporate governance. The course then considers how these high-level principles feed into the design of
controls and what makes an effective controls system with particular emphasis on the Namibia and
Southern Africa Development Community (SADC) region.  

The focus of the course is on systems and controls and will not consider all aspects of a business such as
marketing and development of strategy, which is covered in other courses.

Rationale

Auditing and Assurance forms a significant part of the work of the accountancy profession, with important
statutory obligations. Accounting Information is a vital component in the global open capitalist economies
of today. The information provided by the Accounting Information System (AIS) is utilised by many for
decisions regarding the allocation of resources. These decision-makers, management, customers,
suppliers and government, require Assurance that the information is reliable and relevant. The AIS should
also comply with appropriate accounting standards and any statutory regulations. The users also require
Assurance that the corporate risk is being well managed by management as agents for the owners and
society at large. The audit function provides this Assurance. This course is “capstone’ as it brings together
aspects of Financial and Management Accounting, Law, Finance, Mathematics and Computing.

Pre-Requisites:
Financial Accounting 201 – FAC 611S

Course Equivalencies:
None

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COURSE DELIVERY METHODS:
All the lectures will be conducted online on MS teams as specified in the timetable or on time slots agreed
by the lecturers. Students must stick to their allocated groups on MS teams for the purpose of facilitating
the course.

When applicable, additional notes will be posted on the e-learning platform. The following communication
tools may be used in this course:

Email, Discussion Board, Scheduled Chats, Unscheduled chats, Online content, WhatsApp, etc. E-learning
platform will be the official communication channel. Students are requested to access the emails from their
emails on E learning platforms regularly.

The course will be facilitated through the following learning activities:

 Presentation of materials through face to face and or online lectures using Microsoft teams.

EFFECTIVE DATE:
14th July 2023.

LECTURERS INFORMATION:

Name: Dr DW Kamotho

Role Lecturer FT groups & Lecturer FT Group 2 Lecturer PT Group 1

Course coordinator
E-mail dkamotho@nust.na

Tell/Cell +264 61 2072148

Office no: Room 308, 3rd floor, Office None

building
Classroom HPGS Building Lecture Building
Venue Ground floor – Classroom Room 210
A

Venues of Part-time Lecturers consultations will be communicated to the respective groups by their lecturers.

DISTANCE STUDENTS
The assessments for the course will be the same as for fulltime and part time students hence the dates
and times must be noted by distance students.

Distance students will be under the Tutor marker appointed by the department for 2023. Issues related to
mark capturing and other administrative queries on distance registered students will go through the Tutor
marker.

CONSULTATION HOURS:
All lecturers are available for consultation with students. Consultation times can be found on the doors of
each lecturer’s office. Consultation will only take place during consultation hours and as per prior
arrangement.

Consultations will be limited to a maximum of 30 minutes and the respective student will be expected to
have provided the scope of consultation and be prepared for such consultations themselves through
reading the relevant literature. Please note that walk in into the Lecturers offices for consultations will not
be accepted for whatever reason. It is advisable that consultation bookings be made at least two days
before the planned consultation. Students MUST book for consultations with their respective lecturers i.e.,
full-time students can only book consultations with the FT lecturer and vice versa. Distance students’
consultation will be handled by the Marker Tutor and all consultation protocol shall be adhered to. These
consultations can be face to face or online as may be desired by the parties.
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Role of the Lecturers
The lecturer acts as a guide to students by helping them to manage their learning process.

The lecturer also acts as a mentor to students by guiding them to reflect on their field of study and to apply
basic principles.

Role of the Learner and Code of Ethics

The learner is responsible to comply with five fundamental principles:
 Integrity
 Respect.
 Discipline.
 Responsibility and accountability, and
 Fairness.

Assessment opportunities
In total, there will be ONE online quiz, TWO tests and the FINAL assessment (Examination) over the
semester. The assessments will be spread over the course of the semester except for the examination
which will be scheduled as per the institutional examinations timetable at the end of the semester.

The online quiz will have no makeup, this is because the quiz will be online and sufficient notice of date
and time will be given through the official E learning platform.

Test 3 will be provided as a sick test for those who will have missed test 1 or test 2 for whatever reason.

The quizzes and tests will carry 40% of the final mark while the final assessments (Examination) will be
weighted at 60 %

STUDENT READINESS

Technology & Equipment Readiness:

Students will have to conduct research on all topics covered in the course outline before attending a lecture.

STUDENT COMMITMENTS AND CONTACT TIMES:

It is a requirement that students attend all lectures as scheduled. Failure to fulfil this requirement may result in the
student being unable to qualify for the examination.

Prescribed Reading: (Available from Book-den, c/o Hosea Kutako Avenue & Puccini Street, Puccini
Street, Windhoek, Namibia)

Author Title Edition Publisher Year

Prescribed Reading:
Author (s):
Marx, B; Schonfeldt, N; van der Watt, Fundamentals of Auditing, 5th Edition
A; van Dyk, V; Mare, D &
Ramuedzisi.
Marx, B; van der Watt, A & Bourne, Dynamic Auditing - A Student Edition 13th Edition LexisNexis 2018
P.
Bernard, BM; Marx, B; van der Watt, Applied Questions on Auditing 8th Edition LexisNexis 2017
A; Landsdell, PA.

Recommended Reading:
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Jackson and Stent Auditing Notes for South Latest Edition. LexisNexis 2020+
African Students

Gower and Jackson Graded Questions on Latest Edition LexisNexis 2020+

Auditing

Millichamp, A. & Taylor, J. Auditing 11th Edition

Websites: Lecturers will from time-to-time refer students to important you tubes and internet sites for
additional materials

Recommended Reading Materials

 SAICA legislation handbook - current year
 SAICA members handbook - current year
 Companies Act- as amended.
 PAAB Act - as amended.
 Relevant journals

Student Learning

Learning Outcomes:
Upon completion of this course, you will be able to:
 Explain the need for, and nature of, third party assurance and the role and responsibilities of the auditor.
 Summarise and apply the relevant provisions of ethical standards of auditing.
 Assess business risk and advise on governance.
 Assess and advise on manual and Computerised business systems and controls; and
 Describe the role and impact of the International Standards of Auditing on financial reporting framework and
regulation.

These objectives require application of your knowledge. Therefore, you should be able to take this
teaching and apply it to a real client in a work situation and in the tests and examinations of a given
scenario.

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 COURSE SCHEDULE: 17th July 2023 to 13th October 2023

Date/Week Topic Prescribed

Reading

Week 1: Auditing Introduction Fundamentals of

• Evolution and development of auditing profession Auditing Chapter 1.
(17th – 21st July • What is auditing?
2023) • Types of auditing
• Need for auditing.
• Criteria of the profession
• Setting of standards
• Assurance vs non-assurance engagements
• Criteria for an assurance engagement

Week 2: Audit Regulatory Environment Fundamentals of

Describe the statutory and non-statutory forms of regulation over Auditing Chapter 2
(24th – 28th July the profession.
2023) • Describe broad and narrow governance in South Africa
• Demonstrate an understanding of the theory contained in the
Auditing Profession Act and apply the theory to practical
question situations.
• Demonstrate an understanding of the theory and make
appropriate recommendations concerning compliance with
specific aspects of the Companies Act.
• Demonstrate an understanding of the theory and make
appropriate recommendations concerning compliance with
specific aspects of the Close Corporations Act.
• Describe broad and narrow governance in South Africa
• Demonstrate an understanding of the theory contained in the
Auditing Profession Act and apply the theory to practical
question situations.
• Demonstrate an understanding of the theory and make
appropriate recommendations concerning compliance with
specific aspects of the Companies Act.
• Demonstrate an understanding of the theory and make
appropriate recommendations concerning compliance with
specific aspects of the Close Corporations Act.
*Fundamentals of
Weeks 3 & 4: Corporate Governance & Ethics Auditing Chapter 4.
(31st July – 11th • Explain the requirement for corporate governance and the *Dynamic Auditing
August 2023) current corporate governance guidance available in RSA / Chapter 2
Namibia. King IV & the NamCode.

Dynamic Auditing
Week 5: Professional Code of Conduct and guidelines Chapter 3
(14th – 18th August • Explain the General Guidelines
2023) • Describe and apply the principles.
• Independence and threats
• Interpret rules and rulings
Fundamentals of
Week 6: The ethical environment Auditing Chapter. 3
21st – 25th August • The relationship between business ethics and professional
2023) ethics
• The auditing profession
• Code of professional conduct for Professional Accountants
• Professional Accountants in professional practice

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 Week 7: Internal Control Evaluation: Assessing Control Risk *Fundamentals of
(28th August - 01st • Definition of internal control Auditing Chapter. 4
September 2023) • Objectives of internal control *Dynamic Auditing
• Components of internal control Chapter 12
• Types of internal control systems and limitations

Week 8 & 10: (04th Risk Management and Control Dynamic Auditing
– 09th September & • Identify and assess significant business risks and their potential Chapter 12
18th – 22nd impact on an entity.
September 2023) • Identify and assess the business risk profile of an entity.
• Evaluate risk assessment procedures and monitoring activities
in a given scenario.
• Explain how performance measures and compliance measures
are integrated into the general systems of controls in
organisations.
• Outline the different risk and control frameworks that can be
used by a business in assessing their internal control system.

Week 9 Mid semester break

(11th -15th
September 2023)

Week 11 & 12th: Information Technology (IT) Systems and Controls: *Fundamentals of
(25th September - • Outline general concepts and risks of IT communication. Auditing Chapter 6
06th October 2023) • Describe general information technology architecture principles.
• Explain key types of Computerised information systems.
• Outline the role and functions of an internal or outsourced IT
department.
• Evaluate an IT control system including IT general control
environment, risk assessment, risk response, control activities,
information, and monitoring; and
• Make recommendations for improvements in the control
systems for general and detailed information processing
controls.
Week 13-14
Revision (Self-study and Finalisation of semester marks)
(09th October to
20th October 2023)

Weeks 15 to
semester end Assessment Period

(23rd October – 24th 1st Opportunity Final Assessment

November 2023)

Please note that 2nd opportunity may be rescheduled to January 2024

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IMPORTANT ASSESSMENT DATES:

NOTE: The following dates (subject to change if deemed necessary) will be adhered unless there are
exceptional circumstances forcing a change. Students will be notified ahead of time of any necessary
changes.

Date Important date and time Weight

Test 1 02 September 2023 - Engineering Basement 40%
(08.00-11.00 hours)

Test 2 29 September 2023 - Engineering Basement 40%

(08.00-11.00 hours)

Test 3 14 October 2023 - Engineering Basement

(08.00-11.00 hours)
(This is a make-up test for those who will have missed test 1 or 2 for whatever
reason)

There will be no other make-up tests except Test 3.

Queries regarding test marks will only be valid if raised within seven calendar days from the date the
results are released.

Date Important date and time Weight

Semester quiz 06 October 2023 – (90 minutes – 2 hours quiz – to be confirmed near the
th
20%
time)
(Online – Timings 1500 -2000 hours)

The Quiz will be online and open for few hours. A student can only attempt the quiz once. Connectivity and
network issues remain the responsibility of the student for this online assessment and no excuses will be
entertained whatsoever. Students must ensure they make proper arrangement to have the required
connectivity within the time the quiz is open.

No make-up for the quiz will be availed for whatever reason.

Final Assessment and 2nd opportunity

The Final assessments (1st and 2nd opportunity Examinations) will carry a weight of 60% of the final mark.
Where a student’s final mark is less than 50%, the student will be given a second opportunity which can be
used to replace the Final assessment but limited to a maximum of 50%. A sub optimal of 40% in the final
examination and or supplementary is required to pass the course.

These final assessments shall be externally moderated (both question papers and scripts) and Lecturers
will not engage into any correspondences in regard to the marks with students nor provide marking memo
or justifications for marks awarded. The moderated marks shall be Final.

COURSE POLICIES

General Academic Policies:

It is the student's responsibility to be familiar with and adhere to the NUST’s Policies. These Policies can be found in
the NUST Prospectus or online at www.nust.na/prospectus.

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Supplementary Policies:
Students are required to check their test marking and marks awarded within 7 calendar days (one week) from the
date the marks are released by the lecturers. In addition, the student must bring to the attention of the responsible
lecturer any discrepancies in the marks capturing in ITS within a similar time period i.e., students are required to see
the responsible lecturer within one week from the date the marks are available on the kiosk. No adjustments will be
allowed after this date. Each stage must be given enough time (at least one week depending on the issues at hand)
to resolve before escalation.

COMPLAINT PROCEDURES

The Department demands adherence to proper channels of communication between staff and students.
This is necessary to ensure effective student staff/student relationship and effective teaching and learning
environment. All serious queries that cannot be resolved via calls/messages with the Lecturer must put in writing via
email to the responsible lecturer. In the absence of any agreement or non-response the matter within a reasonable
time frame must be escalated to the Accounting Section Head Mr. Namwandi through the class representative. Such
issues will be logged into the departmental register (and issued with a reference) and resolution followed up. Where
the Section Head cannot resolve the matter, it should be referred to the Head of Department and Dean of the Faculty
of Commerce, Human Sciences and Education. Any complaints not following the above protocol will be ignored and
treated with the disguise it deserves.

FAILURE TO PAY FEES:

A student who fails to pay his/her fees may not be allowed to take the examination and if allowed, the results will be
withheld until all outstanding fees are paid in full.

IMPORTANT STUDENT’S SERVICES AT NUST

There are a variety of services which you can use at the NUST. These services are to your advantage – Use them!!!
They include the following:
• Student Counselling and Career Development - Dean of Students Office.
• Writing Centre and student academic problems – Centre for Teaching & Learning (CTL)
• Campus Health and Wellness Centre (CHWC) - Dean of Student’s office/ NUST Clinic

AUTHORISATION:
This course is authorised for use by:

__________________________________ ___________________
Mr. Edwin Shipanga Date
Head of Department
Economics, Accounting and Finance