Program Overview

Programme: MPhil specialising in Internal Auditing (Coursework)

Programme information

• Entrance to the programme is based on internal audit experience, and the academic and professional qualifications of each individual.
• The programme will be offered over a two-year period within four semesters.
• The method of teaching will consist of a virtual classroom as well as contact sessions comprising of two block sessions per semester.

Admission requirements

1. Relevant honours degree or equivalent in an audit-related field with a recognised audit-related professional qualification and a minimum of two years' internal audit experience in a senior position
2. Four-year degree (NQF Level 8) with a recognised audit-related professional qualification and a minimum of three years' internal audit experience in a senior position

Examinations and pass requirements

• The pass mark for both a dissertation and a mini-dissertation is 50%.
• A pass mark of at least 50% is required in the examination of each module.

Research information

• Dissertations/mini-dissertations, curricula and modules: Refer to General Academic Regulations G37, G38 and G39.
• The degree programme requires that a dissertation be submitted in a field of study selected from the fields covered in the honours degree.
• Information on modules, credits and syllabi is available, on request, from the relevant head of department/Postgraduate Committee.
• A module in Research Methodology is compulsory in all programmes.

Core modules

• IOK 800: Advance internal auditing 800 (Credits: 15.00)
  • Module content: New developments in internal auditing including professional, regulatory changes, and current tools, techniques and methods used by internal auditors.
• IOK 812: Internal auditing 812 (Credits: 10.00)
  • Module content: Introduction to governance; international corporate governance frameworks; one-tier vs. two-tier governance regimes; governance relationships and role players.
• IOK 814: Advanced internal auditing 814 (Credits: 15.00)
  • Module content: IT governance; Information management; IT strategic planning; IT infrastructure and emerging technologies; Operational excellence and enterprise systems; Knowledge management and decision making.
• IOK 815: Internal auditing 815 (Credits: 10.00)
  • Module content: Valuation; Profit and earnings management; Cost management; Budgeting; Difference analysis; Analysis and interpretation of financial statements to identify weaknesses and audit engagement activities.
• IOK 816: Internal auditing 816 (Credits: 10.00)
  • Module content: Managing an audit project; Projects vs. programmes; Managing projects and programmes; Auditing projects and programmes; Project management techniques; Project and programme organisation; Project quality and standard frameworks; Project maturity.
• IOK 817: Organisational behaviour/industrial psychology 817 (Credits: 10.00)
  • Module content: Performance management; Strategic management concepts; Strategy mapping; Strategic implementation; Defence; The use of strategic management information for internal audit activities.
• IOK 819: Forensic auditing 819 (Credits: 10.00)
  • Module content: Forensic auditing and fraud examination; Legal frameworks; Management and employee fraud schemes; Fraud risk assessment; Fraud prevention techniques; Internal auditing and fraud.
• IOK 821: Internal auditing 821 (Credits: 10.00)
  • Module content: Advanced business communication techniques: writing skills, interviewing skills, presentation skills for subtracting information for audit purposes; Workshop facilitation skills used in the audit process.
• IOK 822: Internal auditing 822 (Credits: 10.00)
  • Module content: Performance management; Strategic management concepts; Strategy mapping; Strategic implementation; Defence; The use of strategic management information for internal audit activities.
• IOK 823: Internal auditing 823 (Credits: 10.00)
  • Module content: Risk estimation and valuation; Risk assessment; COSO ERM Framework; The role of the internal auditor in risk management; Audit risk analysis.
• IOK 895: Mini-dissertation 895 (Credits: 60.00)
• NME 806: Research methodology 806 (Credits: 10.00)
  • Module content: Research methods and techniques.

Elective modules

• IOK 819: Forensic auditing 819 (Credits: 10.00)
  • Module content: Forensic auditing and fraud examination; Legal frameworks; Management and employee fraud schemes; Fraud risk assessment; Fraud prevention techniques; Internal auditing and fraud.
• IOK 820: Value-for-money and strategic compliance auditing 820 (Credits: 10.00)
  • Module content: Introduction to performance auditing; Auditing economy; Auditing effectiveness; Auditing efficiency; Strategic compliance auditing; Case studies.