Learning Environment
Date Learning Outcomes
Week 1a Determine how to achieve
the LOs of the course
Week 1b Define and explain business
and society as foundational
concepts.
Topics Assessment
Synchronous Asynchronous Total Time
Freshman Orientation Provide multiple-choice pop-up 90 mins 90 mins
 School vision and mission, Institutional outcomes, General question to determine the students
education learning outcomes, Course syllabus, Course understanding of the course.
Learning Outcomes, Schedule
 Effective Use of Reference and Resources Advise attendees to use the CHAT
BOX, RAISE/ LOWER HAND QA
 How to Ask Questions
Tools of the webinar to assess
 Webinar guidelines learning outcome
 House Rules/ Class Policies
1. Plagiarism
2. Cheating
3. Fabrication
4. Late and Absences
5. Submission of writing papers
6. Notebook for Most Significant Learning (MSL)
7. Class Performance (Thinking and Expression)
8. Asking questions
9. No Cell phone policy
10. Email
11. Discussion groups
12. Going out of class
Course Orientation
 Quiz Rules
 Exam Rules
 Grading System
 Books and other resources
Carroll: The Business and Society Relationship 90 mins
 Business and Society
1. Business Defined
2. Society Defined
 Society as the Macroenvironment
1. Social Environment
2. Economic Environment Short quiz 30 mins 120 mins
3. Political Environment
4. Technological Environment
 Business and Stakeholders’ Relationship
 Business Criticism and Corporate Response
1. Factors in the Social Environment
2. Use and Abuse of Power

Week 2a Explain who business’s
stakeholders are in primary
and secondary terms.
Week 2b To determine the students’
understanding of the topic.
Week 3a Discuss the principal ways in
which companies can
improve corporate
governance.
Week 3b Explain the role of audit
committee in improving
corporate governance.
3. Balancing Power with Responsibility
4. Social Contract
Carroll: The Stakeholder Approach to Business, Society, and Ethics 90 mins 90 mins
 Origins of the Stakeholder Concept
 Who are Business’s Stakeholders?
 Stakeholder Approaches
 Three Values of the Stakeholder Model
 Stakeholder Management
 Effective Stakeholder Management
 Strategic Steps toward Global Stakeholder Management
 The Ten Principles of the UN Global Compact
(UNGlobalCompact)
 Integrated Reporting and Sustainability Reporting
(Deloitte)
Quiz 1: Business, Society, and Ethics Chapter Business, Society, and 60 mins
Ethics quiz 50 items
Review of Quiz 1 30 mins 90 mins
Gramling: Chapter 2 Corporate Governance and Audits 90 mins 90 mins
 Corporate Governance
 CG: Responsibilities and Failures
 Problems in Corporate Governance (Carroll)
 Improving Corporate Governance (Carroll)
 Sarbanes-Oxley Act of 2002
 The PCAOB (SEC for Philippines)
 Corporate Responsibility for Financial Reporting
 Enhanced Role of Audit Committees
 The Role of Shareholders (Carroll)
 Required Audit Firm Communication to the Audit 90 mins
Committee
1. PSA 260 Communications with those Charged with
Governance
2. PSA 250 Consideration of Laws and Regulations in
an Audit of Financial Statements
 Importance of Good Governance to the Audit Short quiz 30 mins 120 mins
 PWC Governance Insights
1. What directors need to know URL Reference:
2. Divide between investors and corporates https://www.pwc.com/us/en/services/
governance-insights-
center/library/esg-environmental-

Week 4a To determine the students’
understanding of the topic.
Week 4b Understand the SEC Code of
Corporate Governance for
Publicly-Listed Companies.
Week 5a Understand the SEC Code of
Corporate Governance for
Public Companies and
Registered Issuers and other
guidelines.
Week 5b To determine the students’
understanding of the topic.
Week 6
Week 7a
Week 7b Distinguish between risk
management, issue
management, and crisis
management.
Week 8a To determine the students’
understanding of the topic.
Week 8b Define business ethics and
exhibit proper judgments.
social-governance-reporting.html
Quiz 2: Corporate Governance Concept Corporate Governance 50 items 60 mins
Review of Quiz 2 30 mins 90 mins
 SEC Code of Corporate Governance for Publicly-Listed 90 mins 90 mins
Companies
 SEC Code of Corporate Governance for Public Companies 90 mins 90 mins
and Registered Issuers
URL Reference:
 ASEAN Corporate Governance Scorecard https://www.pse.com.ph/stockMarket
 PSE Corporate Governance /pseCorporateGovernance.html?
 RA 8799 Chapter V: Reportorial Requirements ref=guidelines
https://boi.gov.ph/sdm_downloads/ra
-8799-the-securities-regulation-code/
Quiz 3: Corporate Governance Codes and Regulations Corporate Governance 50 items 60 mins
Review of Quiz 3
30 mins 90 mins
Prelim Examination Prelim Examination 70 items
150 mins 150 mins
Review of Prelim Examination Prelim Examination 70 items 90 mins 90 mins
Gramling: Chapter 4 Audit Risk and Business Risk 90 mins 90 mins
 Risk Management (Carroll)
 Issue Management (Carroll)
 Crisis Management (Carroll)
 Nature of Risk
 Managing Engagement Risk through Client Acceptance and
Retention Decisions
 Managing Audit Risks
1. PSA 315 Identifying and Assessing the Risk of
Material Misstatements through understanding the
Entity and its Environment
2. PSA 330 The Auditor’s Responses to Assessed
Risks
Quiz 4 Audit Risk, Business Risk, and Risk Management Audit Risk, Business Risk, and Risk 60 mins
Review of Quiz 4 Management 50 items
30 mins 90 mins
Gramling: Chapter 3 Judgmental and Ethical Decision-Making 90 mins 90 mins
Frameworks and Associated Professional Standards

Week 9a Understand the IFAC Code
of Ethics for Professional
Accountants.
Week 9b Explain the professional
liability of accountants and
auditors.
Week 10a To provide solutions to
different case studies.
Week 10b To provide solutions to
different case studies.
Week 11a To determine the students’
understanding of the topic.
Week 11b
Week 12
Week 13a
Week 13b Define the various types of
fraud that affect
organizations.
 The Public’s Opinion of Business Ethics (Carroll)
 Business Ethics (Carroll)
 Ethics Issues Arise at Different Levels (Carroll)
 A General Decision-Making Framework
 An Ethical Decision-Making Framework
 The Sarbanes-Oxley Act of 2002 as a Reaction to Ethical
Lapses
 Approaches to Professional Codes of Ethics 90 mins
1. IFAC 2018 Code of Ethics for Professional
Accountants: Part I and Part II
 Further Considerations Regarding Auditor Independence
Short quiz
30 mins 120 mins
Gramling: Chapter 17 Professional Liability 90 mins
 The Legal Environment
 Basic Legal Concepts
 Legal Precedence: Liability to Clients and Third Parties
under Common Law and Statutory Law
 Minimizing Liability Exposure
Short quiz 30 mins 120 mins
Case Study 1: Risk Management and Ethical Concerns Risk Management and Ethical 90 mins 90 mins
Concerns (Group Activity)
Case Study 1: Risk Management and Ethical Concerns - Risk Management and Ethical 90 mins 90 mins
Presentation Concerns (Group Activity)
Quiz 5: Judgment, Ethics, and Professional Liability Judgment, Ethics, and Professional 60 mins
Review of Quiz 5 Liability 50 items
30 mins 90 mins
Rest Day / Contingency Time
Midterm Examination Midterm Examination 70 items
150 mins 150 mins
Review of Midterm Examination Midterm Examination 70 items 90 mins 90 mins
Gramling: Chapter 9 Auditing for Fraud 90 mins 90 mins
 Fraud and Auditor Responsibilities
1. Types of Fraud

Week 14a To determine the students’
understanding of the topic.
Week 14b Define internal control as
presented in COSO’s 2013
Internal Control – Integrated
Framework and identify the
components of internal
control.
Week 15a Describe the responsibilities
of the management and
auditors relating to internal
control.
Week 15b To provide solutions to
different case studies.
Week 16a To provide solutions to
different case studies.
Week 16b To determine the students’
understanding of the topic.
Week 17a
Week 17b
2. Fraud Triangle
 Auditing Standards – More Responsibility
1. PSA 240 The Auditor’s Responsibilities relating to
Fraud in an audit of Financial Statements
2. PSA 320 Revised and Redrafted and PSA 450:
Materiality in Planning and Performing an Audit,
and Evaluation of Misstatements Identified during
the Audit
 Forensic Accounting
Quiz 6: Auditing for Fraud Auditing for Fraud 50 items 60 mins
Review of Quiz 6 30 mins 90 mins
Gramling: Chapter 5 Internal Control over Financial Reporting 90 mins 90 mins
 Importance of Internal Control over Financial Reporting
(Carroll)
 Importance of Internal Control to Financial Statement
Audits
1. COSO’s Internal Control – Integrated Framework
 Auditor Evaluation of Internal Controls 90 mins
1. PSA 265 Communicating Deficiencies in Internal
Control to those Charged with Governance and
Management
 Management’s Responsibilities Related to Internal Control
over Financial Reporting (Carroll)
 Management Reports on Internal Control over Financial Short quiz 30 mins 120 mins
Reporting
 Management Evaluation of Internal Controls
 Documenting the Auditor’s Understanding and Assessment
of an Organization’s Internal Control
Case Study 2: Fraud and Internal Control Assessment Fraud and Internal Control 90 mins 90 mins
Assessment (Group Activity)
Case Study 2: Fraud and Internal Control Assessment - Presentation Fraud and Internal Control 90 mins 90 mins
Assessment (Group Activity)
Quiz 7: Internal Control over Financial Reporting Internal Control over Financial 60 mins
Review of Quiz 7 Reporting 50 items
30 mins 90 mins
Grades and Target Score, and Final Coaching Individual Advisory 90 mins 90 mins
Rest Day / Contingency Time
Week 18 Final Examination Final Examination 70 items
150 mins 150 mins
Week 19 Review of Final Examination Final Examination 70 items 90 mins 90 mins

Week 20 Removal Examination Removal Examination 70 items

150 mins 150 mins