TOPIC COVERED REFERENCES

(AS PER REVIEWERS’ OUTLINE)

Salosagco, Tiu, Roque (2018-2019)
Hermosilla (2018)
AUDITING Audit Planning* Chapters 1, 4, 5 Chapter 4
THEORY Risk Assessment Procedures* Chapter 5, 6, 8 Chapter 5
Audit Evidence & Documentation Chapter 9 Chapter 7
Audit Reports, Completion of Audit, Chapters 10, 11 Chapter 9, 10, 11
Post-Audit Responsibilities
Other Topics (Beyond Outline)
1. Assurance, Auditing, and Chapters 1, 2, 3, 12 Chapter 1
Related Services
2. Accountancy Profession, Code Chapter 13 Chapters 2, 3
of Professional Ethics
3. Auditing in a CIS Environment Chapter 7 Chapter 6
AUDITING Roque (2018-2019)
PROBLEM Audit of Cash Chapter 1
Expenditure Cycle (Audit of Inventories) Chapter 3
Audit of Shareholder’s Equity Chapter 8
Revenue Cycle: (Audit of Receivables) Chapter 2
Investments Chapter 4
Long-Term Liabilities Chapter 7
Banggawan (2019) Tabag (2019)
BASIC PRINCIPLES OF TAXATION Chapters 1, 2, 3, 4 Chapter 1, 8
INCOME Income Taxation
TAXATION 1. Individual Taxpayers, Passive Chapters 5, 7, 10, Chapter 2, 3,
Income 11, 14
2. Corporate Taxpayers Chapter 5, 10, 15 Chapter 4, 5
(A, B)
3. Gross Income Chapters 3, 7, 8, 9 Chapter 6
4. Allowable Deductions Chapter 13 (A, B, Chapter 7
C)
5. Capital Gains Tax (CGT) & Chapter 5, 6, 12 Chapter
Withholding Tax (WHT)
BUSINESS 1. Value-Added Tax Chapters 1, 2, 3, 4, Chapter 12
TAXATION 6, 7, 8, 9, 10
2. Percentage Tax Chapter 5 Chapter 11
TRANSFER 1. Estate Tax Chapters 12, 13, 14, Chapter 9
TAXATION 15
2. Donor’s Tax Chapters 16, 17 Chapter 10

 *Auditing Theory
o Introduction to Auditing & Overview of Financial Statements Risk-Based Audit
o Audit Planning: An Overview
o Materiality, Misstatements, Determining Material Accounts & Disclosure, & Audit Risk
o Understanding the Entity and Its Environment
o Identifying and Assessing Risks of Material Misstatements
o Responding to Assessed Risks