Course Coverage in Selected BSA Subjects

PrE 101 – Auditing and Assurance Principles

I. Audit – An Overview
II. Professional Standard
III. Auditor’s Responsibilities
IV. Audit Process- Accepting an Engagement
V. Audit Planning
VI. Consideration of Internal Control
VII. Auditing in Computerized Environment
VIII. Performing Substantive Test
IX. Audit Sampling
X. Completing the Audit
XI. Audit Reports on Financial Statements
XII. Assurance and Related Services
XIII. The Code of Ethics and RA 9298

PrE 102- Auditing and Assurance Concepts and Application

I. Audit of Cash & Cash Equivalents

II. Audit of Receivables
III. Audit of Inventories
IV. Audit of Investments
V. Audit of Property, Plant and Equipment
VI. Audit of Prepayments and Intangibles
VII. Audit of Liabilities
VIII. Audit of Shareholders’ Equity
IX. Audit of Other Income Statement Items
X. Accounting Policies, Estimates and Errors
XI. Statement of Cash Flows

ELE 102N – Professional Elective 2 (Operational Audit)

I. Introduction to Operational Audits

II. Objective of Operational Audit
III. Benefits of Operational Audits
IV. Operational Audit Challenges
V. Different Types of Operational Audits
VI. Operational Audit Process and checklist
VII. Operational Audit Activities
VIII. Conducting Audit Activities
IX. Engagement Process and Planning
X. Key Planning Process/Activities
XI. Internal Audit Management
XII. Principles of Internal Auditing
XIII. Internal Audit Techniques
XIV. Internal Audit Procedures