College of Accounting Education

ACP 314 – Course Syllabus

SCOURSE INFORMATION
1. Course Number : ACP 314
2. Course Name : Auditing and Assurance Principles
3. Course Description : This course is designed to expose students both to the demand for and
the supply of the profession’s flagship service - financial statement audits - and to the nature of the value-
added assurance services which decision makers demand in the information age. Topics include:
framework of auditing and assurance engagement, preface of the PSA; basic concepts in auditing; risk-
based approach as audit methodology; audit evaluation and planning, including the concept of risk and
materiality; assessing internal controls, and tests of controls; performance of an audit: evidence collection,
analysis, and substantive tests; reporting: reports on financial statement audits and assurance service; and
completing the audit including communications with board of directors and management concerning
internal control weaknesses.
4. Pre-requisite : ACC 221 – Intermediate Accounting 3
5. Co-requisite : None
6. Credit : 3.0 units
7. Class schedule : 6 hours per week

8. Program Educational Objectives (PEO):

Within 3 to 5 years after graduation, the accounting graduates will be able to:

1. Engage in the field of accounting or entrepreneurial undertaking that provides employment in the community.

2. Build and sustain a successful career in accounting through participation or involvement in continuing professional
development programs (CDPP) of the profession or pursue advance studies in other related area of specialization.

3. Show leadership and ethical responsibility in the practice of profession or in the community.

9. Student Outcomes (SO) and their links to Program Educational Objectives (PEO)

Student Outcomes (SO) PEO

Upon completion of the program, the UM Accountancy student will have the ability: 1 2 3
*1. Articulate and discuss the latest developments in the field of accountancy (PQF level 6);   
*2. Effectively communicate orally and in writing using both English and Filipino;
*3. Work effectively and independently in multi-disciplinary and multi-cultural teams; 
*4. Act in recognition of professional, social, and ethical responsibility; 
5. Preserve and promote "Filipino historical and cultural heritage";
6. Describe the basic functions of management such as planning, organizing, leading and controlling; 
*7. Identify and describe the basic concepts that underlie each of the functional areas of business 
(marketing, finance, human resources management, production and operations management, information
technology, and strategic management) and employ these concepts in various business situations;
*8. Select the proper decision-making tools to critically, analytically and creatively solve problems and drive 
results;
9. Express clearly and communicate effectively with stakeholders both in oral and written forms;
*10. Apply information and communication technology (ICT) skills as required by the business environment; 
11. Work effectively with other stakeholders and manage conflict in the workplace;  
12. Organize and lead groups to plan and implement business related activities. 
13. Demonstrate corporate citizenship and social responsibility; 
14. Exercise high personal moral and ethical standards. 
*15. Resolve business issues and problems, with a global and strategic perspective using knowledge and 
technical proficiency in the area of financial accounting and reporting, cost accounting and management,
accounting and control, taxation, and accounting information systems;
16. Conduct accountancy research through independent studies of relevant literature and appropriate use 
of accounting theory and methodologies;

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 College of Accounting Education
ACP 314 – Course Syllabus

17. Employ technology as a business tool in capturing financial and non-financial information, generating 
reports and making decisions;
*18. Apply knowledge and skills to successfully respond to various types of assessments, and (including 
professional licensure and certifications);
*19. Confidently maintain a commitment to good corporate citizenship, social responsibility and ethical 
practice in performing functions as an accountant; and
20. Graduates of universities participate in the generation of new knowledge or in research and 
development program.
Note: * PO being addressed in this course

10. Course Outcomes (CO) of ACP 314 and their links to Student Outcomes

At the end of the course, Student Outcomes (SO)

the student has the ability 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20
to:
CO1 Show understanding on L O O O L L L L L O
the principles, concepts,
and processes involved in
auditing, other assurance
and related services as
required by the
engagement standards
and other regulatory,
legal and ethical
pronouncements.

CO2 Solve issues commonly L O O O L L L L L O

faced by professional
accountant in the conduct
of their services through
case analysis.

CO3 Prepare an appropriate L O O O L L L L L O

audit report.
Legend:
L – facilitate LEARNING of competencies (input is provided and competency is evaluated).
P – Allow students to PRACTICE competencies (no input but competency is evaluated).
O – Provide OPPORTUNITY for development (no input or evaluation, but there is an opportunity to
practice the competencies.

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 Program Educational Objectives (PEO)

1. Engage in the field of accounting or

Vision: By 2022, a globally recognized institution
entrepreneurial undertaking that
providing quality, affordable and open education.
provides employment in the
Mission: Provide a dynamic and supportive academic
community.
environment through the highest standards of
2. Build and sustain a successful career in
instruction, research and extension in a non-sectarian
accounting through participation or
institution committed to democratizing access to
involvement in continuing
education.
Professional Development Programs
Core Values: Excellence, Honesty and Integrity,
(CPDP) of the profession or pursue
Innovation and Teamwork.
advance studies in other related area
Core Competency: “Quality affordable open education”
of specialization.
3. Show leadership and ethical
responsibility in the practice of
profession or in the community.

Course Outcomes (CO)

Students Outcomes (SO)as Apply to this Course
*1. Articulate and discuss the latest developments
in the specific field of practice;
*2. Effectively communicate orally and in writing CO 1. Show understanding on the
using both English and Filipino; principles, concepts, and processes
*3. Work effectively and independently in multi- involved in auditing, other assurance and
disciplinary and multi-cultural teams; related services as required by the
*4. Act in recognition of professional, social, and engagement standards and other
ethical responsibility; regulatory, legal and ethical
*7. Identify and describe the basic concepts that pronouncements.
underlie each of the functional areas of business
(marketing, finance, human resources management, CO 2. Solve issues commonly faced by
production and operations management, professional accountant in the conduct of
information technology, and strategic management) their services though case analysis.
and employ these concepts in various business
situations; CO 3. Prepare an appropriate audit report.
*8. Select the proper decision-making tools to
critically, analytically and creatively solve problems
and drive results;
*10. Apply information and communication
technology (ICT) skills as required by the business
environment;
*15. Resolve business issues and problems, with a
global and strategic perspective using knowledge
and technical proficiency in the area of financial
accounting and reporting, cost accounting and
management accounting and control, taxation, and
accounting information systems;
*18. Apply knowledge and skills to successfully
respond to various types of assessments, and
(including professional licensure and certifications);
*19. Confidently maintain a commitment to good
corporate citizenship, social responsibility and
ethical practice in performing functions as an
accountant;
CO and Assessment Task Alignment
Course Outcomes Assessment Task Assessment Coverage

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 Schedule
Theory-based Practice-
based
CO1 - Show understanding on MCQ/Short First Exam *Framework of Auditing and Assurance
the principles, concepts, and Answer (100%) Engagement
processes involved in *Preface to Philippine Standards on Auditing
auditing, other assurance and *Basic Concepts in Auditing
related services as required by *Philippine Standards on Quality Control
the engagement standards (PSCQ 1)/Quality Control for Audits of
and other regulatory, legal Historical Financial Information (PSA 220)
and ethical pronouncements. *Audit Planning

CO2 - Solve issues commonly

faced by professional
accountant in the conduct of
their services through case
analysis.

CO1 - Show understanding on
the principles, concepts, and
processes involved in
auditing, other assurance and
related services as required by
the engagement standards
and other regulatory, legal
and ethical pronouncements.
CO2 - Solve issues commonly
faced by professional
accountant in the conduct of
their services through case
analysis.
MCQ/Short Second Exam *Understanding the Entity and Its
Answer (100%) Environment including Internal Control
*Risk and Materiality
*Fraud, Communication to Those Charged
with Governance and Non-Compliance with
Laws and Regulations (NONCLAR)
*Using the Work of an Experts, Internal
Auditors, and Other Auditors
*Auditor’s Response on the Assessed Risk of
Material Misstatement of the Financial
Statements

CO1 - Show understanding on MCQ/Short Third Exam *Audit Evidence

the principles, concepts, and Answer (100%) *Considering Specific Financial Items
processes involved in *Audit Sampling
auditing, other assurance and *Completion of Audit
related services as required by
the engagement standards
and other regulatory, legal
and ethical pronouncements.

CO2 - Solve issues commonly

faced by professional
accountant in the conduct of
their services through case
analysis.

CO1 - Show understanding on MCQ/Short Fourth Exam *Forming an Audit Report

the principles, concepts, and Answer (50%) *Audit Report on Specialized Audit
processes involved in Engagement
auditing, other assurance and
related services as required by
the engagement standards
and other regulatory, legal
and ethical pronouncements.

CO2 - Solve issues commonly

faced by professional
accountant in the conduct of
their services through case
analysis.

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 Case Study
CO 3 - Prepare an appropriate Analysis and
audit report. Decision
(50%)

*MCQ/Short Answer assessment is cumulative-based.

Assessment Task Details (Theory and Practice-based)

ASSESSMENT COVERAGE ASSESSMENT DETAILS
SCHEDULE TASK
First *Framework of Auditing MCQ/Short You are expected to understand the framework of auditing and
Examination and Assurance Answer assurance engagements and the preface to PSA. Also, you are
Engagement (100%) expected to have a comprehensive on the basic concepts in
*Preface to Philippine (Theory- auditing, the PSCQ/quality control for audits of historical financial
Standards on Auditing based) information and the audit planning.
*Basic Concepts in
Auditing Specifically, you should:
*Philippine Standards on a. Describe assurance services and distinguish audit services from
Quality Control (PSCQ other assurance services.
1)/Quality Control for b. Describe the preface of the Philippine Standards on Auditing.
Audits of Historical c. Explain the works of the Auditing and Assurance Standards
Financial Information Council (AASC).
(PSA 220) d. Explain the objective of conducting an audit of financial
*Audit Planning statements.
e. Explain how information risk can be reduced through the
examination of the financial statements.
f. Explain the demands for auditing.
g. Describe the type, nature, and characteristics of auditing.
h. Explain the quality control for audits of historical financial
information.
i. Discuss why adequate audit planning is important.
j. Describe the need to maintain professional skepticism when
conducting an audit.
k. Make a client acceptance decisions and perform initial audit
planning.
l. Understand the overall audit strategy and audit program.
m.Understand the nature and purpose of audit documentation.

Second *Understanding the MCQ/Short You are expected to understand the risk assessment procedures to
Examination Entity and Its Answer understand the business and its environment; assess the
Environment including (100%) components of audit risks; set the materiality level; determine
Internal Control (Theory existence of fraud, error, and NONCLAR; understand the works of
*Risk and Materiality based) experts, internal auditors, and other auditors; and understand the
*Fraud, Communication auditor’s response to the assessed risk of material misstatements
to Those Charged with of the financial statements.
Governance and Non-
Compliance with Laws Specifically, you should:
and Regulations
(NONCLAR) a. Explain the risk assessment procedures in understanding
*Using the Work of an the company and its environment.
Experts, Internal b. Discuss the preliminary analytical procedures.
Auditors, and Other c. Describe the three primary objectives of effective
Auditors internal control.
*Auditor’s Response on d. Explain the five components of the COSO internal control
the Assessed Risk of framework.
Material Misstatement of e. Obtain and document an understanding of internal
the Financial Statements control.
f. Explain fraud and distinguish between fraudulent
financial reporting and misappropriation of assets.
g. Describe the fraud risk triangle and identify conditions
for fraud.

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 h. Explain the auditor’s responsibility for discovering
material misstatements due to fraud or error.
i. Identify corporate governance and other control
environment factors that reduce fraud risks.
j. Describe the audit risk model and its components.
k. Discuss the relationship of risks to audit evidence.
l. Apply the concept of materiality to the audit.
m. Explain performance materiality during audit planning.
n. Develop responses to identified fraud risks.

Third *Audit Evidence MCQ/Short

Examination *Considering Specific Answer a. Explain the relationship between audit evidence and
Financial Items (100%) financial statement assertions.
*Audit Sampling (Theory b. Understand key evidence-related terms.
*Completion of Audit based) c. Specify the characteristics that determine the
persuasiveness of audit evidence.
d. Explain the evidence required for the specific financial
items.
e. Know the types of analytical procedures and their
purposes.
f. Understand the basic principles of sampling, including
the differences between statistical and nonstatistical
sampling and sampling and non-sampling risk.
g. Understand the basic steps and procedures used in
implementing a sampling plan.
h. Understand how the basic steps and procedures used in
a sampling plan apply to an audit.
i. Conduct a review for contingent liabilities and
commitments.
j. Obtain and evaluate letters from the client’s attorney.
k. Conduct a post-balance sheet review for subsequent
events.
l. Evaluate the overall audit results.
m. Identify the auditor’s responsibilities when facts affecting
the audit report are discovered after its issuance.
Fourth *Forming an Audit MCQ (50%)
Examination Report (Theory- a. Describe the parts of the standard unmodified opinion.
*Audit Report on based) b. Specify the conditions required to issue the standard
Specialized Audit unmodified opinion.
Engagement c. Identify the types of audit reports that can be issued
*Other Assurance when an unmodified opinion is just justified.
Engagements d. Describe the circumstances when the emphasis of matter
and other matter is issued.
e. Drat an appropriate audit report for a given audit
situation.
f. Understand the level of assurance and evidence required
for review, other assurance engagements, and related
services.
g.

Assessment Task Details (Practice/Performance-based)

Assessment Coverage Assessment Details
Schedule Task

Fourth *Forming an Audit Report Case Study  In this task, you are required to prepare a case analysis
Examination *Audit Report on Analysis and given by your teacher.
Specialized Audit Decision  You need to use the knowledge and concepts you learned
Engagement (50%) from Audit Report.
*Other Assurance  You will be graded according to the criteria set in the rubric
Engagements below.

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Written Analysis of the Case (WAC) Grading Rubric

For each of the case analysis component areas (evaluation dimensions) identified below, use the evaluation rubric to assess the
work by specifying a score based on the performance ratings and descriptors delineated in the rubric form and supplying
relevant comments in the space provided.

Identification of Issues: This section should describe the managerial, financial, marketing, legal, ethical, economic, international,
and social responsibility/sustainability issues relevant to the case. The section should also include an executive summary that
provides an overview of the key issues and problems that are central to the case.

Connections to Theoretical and Empirical Research: This section should describe the ways in which theoretical and empirical
research are related and can be applied to the central issues and problems in the case.

Analysis and Evaluation: This section should present an analysis of the central issues and problems in the case. This analysis
should be informed by relevant theory and empirical data and should lead to a set of conclusions that are supported by
appropriate evidence.

Alternative Courses of Action: This section should present actions for dealing with the central issues and problems in the case.
These action plans should flow from the previous analysis and evaluation and should be appropriately justified.

Evaluation of Consequences: This section should provide a description and analysis of the expected results from implementing
the proposed plans of action as previously specified.

Performance Rating Score

Evaluation
Dimensions Beginning
1 2
Case-Study Component Areas - Grading Criteria
Does not recognize the
problems or issues of the
case, or identifies problems
and issues that are not
based on facts of the case;
displays little understanding
of the issues, key problems,
and the company’s present
situation and strategic
Identification
challenges; executive
of Issues
summary does not present
a clear overview of the case
issues; main points are not
outlined, or cannot be
understood
Makes little or no
connection between the
issues and problems in the
case and relevant
Connections
theoretical and empirical
to Theoretical
research, or the
and Empirical
connections identified are
Research
weak or inaccurate in many
respects
Competent
3 4
With a few exceptions, identifies
and outlines the principal
problems and issues in the case;
demonstrates an acceptable
understanding of the company’s
issues, current situation, and
strategic challenges; executive
summary provides an adequate
overview of the case issues and
problems; summary is missing a
few minor points, but meets
expectations
Identifies and outlines
connections between some of
the issues and problems in the
case and relevant theoretical and
empirical research; the
connections identified are
adequately elucidated
Accomplished
5 6
Presents accurate and
detailed descriptions
of the problems and
issues central to the
case; provides a well-
focused diagnosis of
strategic issues and
key problems that
demonstrates an
excellent grasp of the
company’s present
situation and
strategic challenges;
descriptions are
compelling and
insightful; provides a
thorough and
effective executive
summary  
Makes appropriate,
insightful, and
powerful connections
between the issues
and problems in the
case and relevant
theory and empirical
data; effectively
integrates multiple
sources of knowledge
with case information  

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 Simply repeats facts
identified in the case and
does not discuss the
relevance of these facts;
fails to draw conclusions, or
Analysis and conclusions are not justified
Evaluation or supported; does not
present relevant research
or data; shows no critical
examination of case issues
Has difficulty identifying
alternatives and
appropriate courses of
action; few if any
alternatives are presented,
Alternative
infeasible actions are
Courses of
proposed, action plans are
Action
not supported, or actions
do not address the key
issues and problems in the
case
Displays limited awareness
and/or understanding of
the consequences of action
plans; fails to identify
implications and
consequences of proposed
Evaluation of action plans; identified
Consequence outcomes do not follow
s from proposed action
plans, or outcomes are not
related to issues in the case
11. COURSE OUTLINE AND TIME FRAME
TIME TOPICS
FRAME
Week 1 Orientation on Classroom
to Management and University Policies
Week 3 as well as Grading System
Discussion of Program Goals,
Program Objectives, and Course
Outcomes
Partnership
 Chapter 1, General Provisions
(1767 – 1783)
 Chapter 2, Obligations of the
Partners (1784 – 1827)
 Chapter 3, Dissolution and Winding
Up (1828 – 1842)
 Chapter 4, Limited Partnership
(1843 – 1867)
ACP 314 – Auditing and Date Revised:
Assurance Principles
Provides an acceptable analysis Presents a balanced,
of most of the issues and in-depth, and critical
problems in the case; in most assessment of the
instances, analysis is adequately facts of the case in
supported by theory and light of relevant
empirical data; appropriate empirical and
conclusions are outlined and theoretical research;
summarized develops insightful
and well-supported
conclusions using
reasoned, sound, and
informed judgments  
Outlines and summarizes some Effectively weighs and
alternative courses of action to assesses a variety of
deal with most of the issues and alternative actions
problems in the case; in most that address the
instances, proposed action plans multiple issues
are outlined, are feasible, and central to the case;
based on relatively sound theory proposes detailed
and evidence plans of action; action
plans are realistic and
contain thorough and
well-reasoned
justifications  
Demonstrates acceptable Objectively and
analysis of the results of critically reflects upon
proposed action plans; alternative plans of
adequately outlines and action; effectively
summarizes the implications and identifies, thoroughly
consequences resulting from discusses, and
alternative courses of action; insightfully evaluates
with a few minor exceptions, the implications and
identified consequences of action consequences
plans are related to key issues in resulting from the
the case proposed action
plans; identified
consequences are
tied to the key issues
central to the case  
TEACHING and Required Readings
LEARNING ACTIVITIES
Orientation
Lecture/Discussion
Assignment/Seatwork
Demonstration
MANILA MEMORIAL PARK CEMETERY, INC.,
petitioner, vs. PEDRO L. LINSANGAN,
MANILA MEMORIAL PARK CEMETERY, INC.,
petitioner, vs. PEDRO L. LINSANGAN,
respondent. G.R. No. 151319 November 22,
2004
LOPEZ v. CA
LOPEZ v. CA G.R. No. 157784 December 16,
2008 Ponente: TINGA
Revision No. 0 Date Effective: Page 8 of 12
1st Sem SY 2020-2021
 FIRST EXAMINATION
Week 4 Corporation Lecture/Discussion
to  Title I – General Provisions, Republic Bank vs. Cuaderno, 19 SCRA 671 ,
Week 5 Definitions and Classifications (1 – Think, Pair and Share March 30, 1967
9)
 Title II – Incorporation and Assignment/Classroom Reynoso IV vs. Court of Appeals, 345 SCRA
Organization of Private Exercises 335 , November 22, 2000
Corporations (10 – 21)
 Title III – Board of Directors, Small Group Discussion Nestlé Philippines, Inc. vs. Court of Appeals,
Trustees and Other Officers (22 – 203 SCRA 504 , November 13, 1991
34) Gallery Walk
 Title IV – Powers of Corporations
(35 – 44) Dee vs. Securities and Exchange Commission,
 Title V – By Laws (45 – 47) 199 SCRA 238 , July 16, 1991
 Title VI – Meetings (48 – 58)
 Title VII – Stocks and Stockholders
(59 – 72) Nielson & Company, Inc. vs. Lepanto
 Title VIII – Corporate Books and Consolidated Mining Company, 26 SCRA 540 ,
Records (73 – 74) December 28, 1968
 Title IX – Merger and Consolidation
(75 – 79) Woodchild Holdings, Inc. vs. Roxas Electric
 Title X – Appraisal Right ( 80 – 85) and Construction Company, Inc., 436 SCRA
 Title XI – Nonstock Corporation (86 235 , August 12, 2004
– 94)
 Title XII – Close Corporations (95 –
104)
 Title XIII – Special Corporations
(105 – 132)
 Title XIV – Dissolution (133 – 139)
 Title XV – Foreign Corporations
(140 – 153)
 Title XVI – Investigations, Offenses
and Penalties (154 – 172)
 Title XVII – Miscellaneous
Provisions ( 173 – 188)
SECOND EXAMINATION
Week 6 Securities Regulation Code (RA 8799) Lecture/Discussion
To  Chapter I – Title and Definitions (1-
Week 7 3) Assignment/Classroom
 Chapter II – Securities and Exercises
Exchange Commission (4-7)
 Chapter III – Registration of Small group discussion
Securities (8-15)
 Chapter IV – Registration of Pre- Graded Oral Recitation
Need Plans (16 )
 Chapter V – Reportorial
Requirements (17-18)
 Chapter VI – Protection of
Shareholder Interests (19-23)
 Chapter VII – Prohibitions on
Fraud, Manipulations and Insider
Trading (24-27)
 Chapter VIII – Regulations of
Securities Market Professionals
(28-31)
 Chapter IX – Exchanges and Other
Securities Trading Markets (32 –
38)
 Chapter X – Registration,
Responsibilities and Oversight of

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 Self-Regulatory Organizations (39-
40)
 Chapter XI – Acquisition and
Transfer of Securities and
Settlement of Transactions in
Securities (41-47)
 Chapter XII – Margin and Credit
(48-50)
 Chapter XIII – General Provisions
(51 – 78)

THIRD EXAMINATION
Week 8 Philippine Cooperative Code of 2008 Lecture/Discussion
to (RA 9520)
Week 9  Chapter I – General Concepts and Assignment/Classroom
Principles (1-5) Exercises
 Chapter II – Organization and
Registration (6-25) Small Group Discussion
 Chapter III – Membership (26-31)
 Chapter IV – Administration (32- Think, Pair and Share
50)
 Chapter V – Responsibilities, Rights
and Privileges of Cooperatives (51-
62)
 Chapter VI – Insolvency of
Cooperatives (63)
 Chapter VII – Dissolution of
Cooperatives (64-70)
 Chapter VIII – Capital, Property,
and Funds (71-79)
 Chapter IX – Audit, Inquiry and
Member’s Right to Examine (80-
84)
 Chapter X – Allocation and
Distribution of Net Surplus (85-86)
 Chapter XI – Agrarian Reform
Cooperatives (87-94)
 Chapter XII – Cooperative Banks
(95-104)
 Chapter XIII – Insurance
Cooperative (105-108)
 Chapter X IV – Public Service
Cooperatives (109-113)
 Chapter XV – Credit Cooperatives
(114-118)
 Chapter XVI – Financial Service
Cooperatives (119-125)
 Chapter XVII – Electric
Cooperatives (126-134)
 Chapter XVIII – Miscellaneous
Provisions (135-138)
 Chapter XIX – Final Provisions (139-
146)

FOURTH EXAMINATION

12. TEXTBOOK
a. Soriano, Fidelito R. (2015). Partnerships and Corporations: Law and Application for Business Student
Manila: GIC Enterprises &Co. Store

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Assurance Principles 1st Sem SY 2020-2021
 b. RA 8799 - downloaded from https://www.sec.gov.ph/wp-content/uploads/2015/08/2015-SRC-Rules-
Published-in-Phil-Star-Manila-Bulletin-October-25-2015.pdf
c. RA 9520 - downloaded from https://cda.gov.ph/resources/issuances/implementing-rules-and-
regulations/rules-and-regulations-implementing-certain-provisions-of-ra-9520

13. REFERENCES

a. Barnes, James A. (2015). Law for Business. New York: McGraw hill Education
b. Meiners, Roger (2015). The Legal Environment of Business. Stanford, CT: Cengage Learning
c. Chan, Danny L. (2014). Essentials of Philippine Business Law: Notes and Cases. Quezon City: Manila
University Press
d. Soriano, Fidelito (2014). Notes in Business Law: For Accountancy Students and Reviewers. Manila: GIC
Enterprises & Co

14. COURSE EVALUATION

Assessment methods Weights

EXAMINATIONS 60%
A. Exam 1 to Exam 3 – 10% each 30%
B. Final Exam 30%
CLASS PARTICIPATIONS 40%
C. Quizzes 10%
D. Final Requirement 15%
E. Oral recitation 10%
F. Assignments 5%
TOTAL 100%

* 40% - ACC 216; 60% from ACC 225.

15. POLICIES AND GUIDELINES

a. Attendance is counted from the first regular class meeting.
b. A validated student identification card must always be worn by all students while attending classes.
c. Cheating is strictly prohibited. Any form of dishonesty shall be dealt with accordingly. Honesty is called for at all times.
d. Valid examination permits are necessary in taking the examinations as scheduled. PRESCRIBED PRC CALCULATORS are
allowed during EXAMINATIONS.
e. Base-15 grading policy should be observed. Students who obtained failing scores in major exams are recommended to
attend the tutorial class.

Prepared by: References Reviewed by:

ATTY. ROBERTO RECEDE BRIGIDA E. BACANI

Head – Learning and Information Center
ATTY. YOLANDA RECEDE

Reviewed by: Recommending Approval

MARY GRACE S. SOMBILON, CPA, MSA ESTERLINA B. GEVERA, CPA, MBA

Program Chair – BSA Dean

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Assurance Principles 1st Sem SY 2020-2021
 Approved by:

PEDRITO M. CASTILLO II, EdD

VP – Academic Planning and Services (APS)

ACP 314 – Auditing and Date Revised: Revision No. 0 Date Effective: Page 12 of 12
Assurance Principles 1st Sem SY 2020-2021