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 THAT HAS PASSED THE END DATE:

Apply concepts and principles relevant to the practical aspects of corporate governance and accountability

SAQA US ID	UNIT STANDARD TITLE
12885	Apply concepts and principles relevant to the practical aspects of corporate governance and accountability
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

A person credited with this unit standard is generally found within the auditing field. On successful completion of the unit standard, people will be able to provide advice to clients on the practical elements of corporate governance and accountability.

LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING

Learners accessing this standard should demonstrate competence in the unit standards entitled:

" Implement auditing procedures" NQF level 5

UNIT STANDARD RANGE

These competencies apply to the private and/ or the public sector.

Specific Outcomes and Assessment Criteria:

SPECIFIC OUTCOME 1

Explain the responsibilities of the different role players.

OUTCOME NOTES

Explain the responsibilities of the different role players and the principles of corporate governance and accountability

ASSESSMENT CRITERIA

ASSESSMENT CRITERION 1

1. The principles of corporate governance and accountability are explained in a meaningful manner

ASSESSMENT CRITERION 2

2. The specific responsibilities of management are described in terms of the relevant legislation

ASSESSMENT CRITERION RANGE

Stakeholder communication, reporting on internal controls, going concern and financial reporting

ASSESSMENT CRITERION 3

3. Specific management responsibilities are explained in terms of the relevant legislation relating to reporting on compliance with the Code of Corporate Practice and Conduct

SPECIFIC OUTCOME 2

Prepare information concerning practical aspects of corporate governance and accountability.

ASSESSMENT CRITERIA

ASSESSMENT CRITERION 1

1. Information is provided with regard to corporate practices and conduct, that adds value to the organisation

ASSESSMENT CRITERION 2

2. The functioning details of Board and committees are provided that comply with legal and organisational requirements

ASSESSMENT CRITERION RANGE

Board responsibilities, authority and functioning

ASSESSMENT CRITERION 3

3. Audit committees are established and implemented in accordance with GAAP/ GRAP

ASSESSMENT CRITERION 4

4. An organisational structure is presented that complies with industry standards and organisational strategy

ASSESSMENT CRITERION 5

5. Management control system information is provided that allows for improved productivity and organisational functioning

SPECIFIC OUTCOME 3

Demonstrate knowledge of risk management elements related to corporate governance.

ASSESSMENT CRITERIA

ASSESSMENT CRITERION 1

1. Business risk and exposures are identified that encompass strategic, financial, operational and systems risks

ASSESSMENT CRITERION 2

2. The probability of loss and related consequences are explained to the client in a meaningful manner

ASSESSMENT CRITERION 3

3. Preventative, detective and corrective strategies for risk management are described in line with GAAP/ GRAP

ASSESSMENT CRITERION 4

4. Information risk management processes are described in line with organisational needs and environment

UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS

ACCREDITATION AND MODERATION:

Accreditation for this unit standard shall be obtained from the relevant Education and Training Quality Assurance Body, through summative assessment by a registered assessor.

Assessors must be registered as an Assessor with the relevant ETQA

Moderators must be registered as assessors with the relevant ETQA, or with an ETQA that has a Memorandum of Agreement with the relevant ETQA.

Training providers must be accredited by the relevant ETQA

Moderation should include both internal and external moderation where applicable.

UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE

A demonstrated understanding of:

Generally Accepted Accounting Practice (GAAP)

Generally Recognised Accounting Practice (GRAP)

Corporate practices and conduct

The King Code

The role of the internal audit

Risk management

UNIT STANDARD DEVELOPMENTAL OUTCOME

N/A

UNIT STANDARD LINKAGES

N/A

Critical Cross-field Outcomes (CCFO):

UNIT STANDARD CCFO IDENTIFYING

Identify and solve problems in which responses display that responsible decisions using critical and creative thinking have been made.

UNIT STANDARD CCFO WORKING

Work effectively with others as a member of a team, group, organisation and community.

UNIT STANDARD CCFO COMMUNICATING

Communicate effectively using visual, mathematical and language skills in the modes of oral and written presentations.

UNIT STANDARD CCFO DEMONSTRATING

Demonstrate an understanding of the world as a set of related systems.

UNIT STANDARD CCFO CONTRIBUTING

Be culturally and aesthetically sensitive across a range of social contexts

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
Core	23653	National Diploma: Financial Markets	Level 6	NQF Level 06	Passed the End Date - Status was "Reregistered"	2023-06-30	FASSET
Elective	58246	Bachelor of Human Settlements Development	Level 6	Level TBA: Pre-2009 was L6	Passed the End Date - Status was "Reregistered"	2018-06-30
Elective	48967	National Certificate: Business Advising Operations	Level 6	Level TBA: Pre-2009 was L6	Passed the End Date - Status was "Reregistered"	2023-06-30	SERVICES

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.

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