UNIT OF COMPETENCY CODE MNEMONIC MODULE TITLE MODULE DESCRIPTOR This module covers the knowledge, internal control

manual DURATION LEVEL OF QUALIFICATION PREREQUISITE

REVIEW INTERNAL CONTROL SYSTEM HCS412305 RICS REVIEWING INTERNAL CONTROL SYSTEM skills, and attitudes in reviewing and determining extent of compliance with a firms 25 hours NC III PFR,PTB, PTR

SUMMARY OF LEARNING OUTCOMES Upon completion of this module, the trainee should be able to: L.O.1 L.O. 2. Check policy compliance Prepare policy compliance report

LO1.

CHECK INTERNAL CONTROL POLICY COMPLIANCE

ASSESSMENT CRITERIA 1 2 Internal control policy is checked in accordance with industry practice Compliance is checked and validated in accordance with the internal control policy

CONTENTS Internal Control Fundamentals

LO2. PREPARE INTERNAL POLICY COMPLIANCE REPORT ASSESSMENT CRITERIA 1 2 3 Compliance reports are prepared in accordance with the internal control policy Policy compliance reports are submitted to management. Copies of policy compliance reports are filed for future reference.

CONTENTS Internal Control Policy Preparing Compliance Report

CONDITIONS The trainee must be provided with the following Paper Learning Materials Pencil Eraser Computer METHODOLOGIES The module will be delivered through: Group discussion Interaction Lecture Practical Exercises

ASSESSMENT METHOD Competency MUST be assessed through: Written Examination Work Related Project Assessment requires evidence that the candidate: Prepared internal control manual Prepared compliance reports PERFORMANCE CRITERIA 1. Check policy compliance 1.1 Internal control manual is prepared/updated in accordance with industry practice 1.2 Compliance is checked and validated in accordance with the internal control system 2.1 Policy compliance reports (such as Monthly reports, Quarterly compliance reports, Annual compliance reports) are prepared in accordance with the internal control system 2.2 Policy compliance reports (such as Sales policy, HR Policies) are submitted to management for validation. 2.3 Policy compliance reports are filed for future reference.

2. Prepare policy compliance report