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Title / Assist the conduct of internal audits
Level / 5 / Credits / 4
Purpose / People credited with this unit standard are able to establish the integrity of financial records, and determine efficiency and degrees of compliance with policies and procedures.
Classification / Financial Management > Financial Skills
Available grade / Achieved
Explanatory notes
None.
Outcomes and evidence requirements
Outcome 1
Establish the integrity of financial records.
Evidence requirements
1.1Methodologies for establishing the integrity of financial records are developed and implemented.
1.2Any errors and irregularities in the recording, classification, and summarising of transactions are identified.
1.3Any errors and irregularities are outlined in reports, and corrective actions are recommended.
Outcome 2
Determine efficiency and degrees of compliance with policies and procedures.
Evidence requirements
2.1Organisational activities that can be recorded in dollar terms and other organisational activities are reviewed and operating efficiencies are determined.
2.2The extent to which organisational policies and procedures are being observed is determined.
2.3Strengths and weaknesses are identified, and improvements and corrective measures are recommended in reports.
Planned review date / 31 December 2020Status information and last date for assessment for superseded versions
Process / Version / Date / Last Date for AssessmentRegistration / 1 / 28 September 1994 / 31 December 2016
Revision / 2 / 7 September 1999 / 31 December 2016
Revision / 3 / 16 December 2002 / 31 December 2016
Revision / 4 / 12 January 2006 / 31 December 2016
Rollover / 5 / 21 May 2010 / 31 December 2016
Rollover / 6 / 18 April 2013 / N/A
Rollover and Revision / 7 / 17 September 2015 / N/A
Republished / 7 / 11 March 2016 / N/A
Consent and Moderation Requirements (CMR) reference / 0113
This CMR can be accessed at
Please note
Providers must be granted consent to assess against standards (accredited) by NZQA, before they can report credits from assessment against unit standards or deliver courses of study leading to that assessment.
Industry Training Organisations must be granted consent to assess against standards by NZQA before they can register credits from assessment against unit standards.
Providers and Industry Training Organisations, which have been granted consent and which are assessing against unit standards must engage with the moderation system that applies to those standards.
Requirements for consent to assess and an outline of the moderation system that applies to this standard are outlined in the CMR. The CMR also includes useful information about special requirements for organisations wishing to develop education and training programmes, such as minimum qualifications for tutors and assessors, and special resource requirements.
Comments on this unit standard
Please contact NZQA National Qualifications Services if you wish to suggest changes to the content of this unit standard.
NZQA National Qualifications ServicesSSB Code 9999 / New Zealand Qualifications Authority 2018