Cordillera Career Development College

Buyagan, Poblacion, La Trinidad, Benguet

Tel. No.: (074) 422-2221/Email: ccdc@ccdc.edu.ph
COLLEGE OF ACCOUNTANCY

COURSE GUIDE FOR AUDITING 2A

CoA Form No.: 01 Version No.: 01 Approval Date: September,2020 Effective date: September 28, 2020

CCDC VISION CCDC MISSION (COLLEGE)PROGRAM OBJECTIVES (as revised)

The center of global 21st
century education for all.
Deliver quality education through holistic, accessible and inclusive learning ( HAIL )
experiences to build socially and environmentally responsible global citizens and
leader.
GOALS
Leverage our key strengths (programs, people, partnerships, products, policies and
physical plant) for effective delivery of quality education.
VALUES
Competence, Commitment, Global Citizenship and Synergy.
CCDC advocates competence relevant to the 21st century world, steadfast
commitment to our shared goals and to our families and immediate communities,
while advancing global citizenship and exhibiting synergy in daily activities.
A graduate of BS in Accountancy should be able to:
1. Resolve business issues and problems, with a global and
strategic perspective using knowledge and technical
proficiency in the areas of financial accounting and
reporting, cost accounting and management, accounting and
control, taxation, and accounting information systems;
2. Conduct accountancy research through independent studies
of relevant literature and appropriate use of accounting
theory and methodologies;
3. Employ technology as a business tool in capturing financial
and non-financial information, generating reports and
making decisions;
4. Apply knowledge and skills to successfully respond to various
types of assessments; and (including professional licensure
and certifications); and
5. Confidently maintain a commitment to good corporate
citizenship corporate citizenship, social responsibility and
ethical practice in performing functions as an accountant.

COURSE CONTENT AND LEARNING PLAN

COURSE CODE: Audit 2A Units: 3 units Prerequisite(s): Acctg 153a,153b and 153 c
COURSE TITLE: Auditing & Assurance: Concepts & Applications I
COURSE DESCRIPTION: Auditing & Assurance: Concepts & Applications I
COURSE LEARNING Upon completion of the course, the students will be able to:
OUTCOMES (CLOs):
 A. Cognitive
1. Recall and Recognize the Assurance Concepts and the Framework for assurance engagements, Nature, Philosophy, Objectives and kinds
of Auditing, Audit Process (Pre-engagement, Audit Planning, Internal Control, Audit Evidence, Documentation, Sampling) and Other
Assurance & Related Services
2. Understand and Remember audit of the Revenue and Receipt Cycle
3. Understand and Remember Audit of the Expenditure and Disbursement Cycle
4. Understand and Remember Audit of the Production and Inventory Warehousing Cycle
5. Understand and Remember Audit of the Investing and Financing Cycle
6. Carry out substantive testing of Cash and Cash Equivalents
7. Carry out substantive testing of Receivables
8. Carry out substantive testing of Inventories
9. Carry out substantive testing of Investments in Debt & Equity Instruments
10. Carry out substantive testing of Property ,Plant, and Equipment
11. Carry out substantive testing of Intangible Assets
12. Carry out substantive testing of Prepaid Expenses and Deferred Charges
13. Carry out substantive testing of Other Non-current Investments ( Investment Property, Cash surrender value of life insurance, funds)
B. Psychomotor
1. Acquire an adept knowledge of the Philippine Standards on Auditing (PSA) and other regulatory laws and regulations.
2. Apply Auditing Standards in Audit works
C. Affective
1. Comply with ethical standards in the auditing process
2. Support the work of the Auditing and Assurance Standards Council (AASC) in the development of auditing standards and relevant
implementation guidance

Learning Outcome Content Teaching and Learning Activity Reference Material Learning Assessment Method
Schedule
Adopt awareness of  Orientation Watch video about CCDC  USB Digital September Posting a reflection in the facebook group chart
course; vision, mission,  Getting to Know Resource: 28, 2020 or learning management system or google
and guiding values of the  Folder: About classroom.
school; and context of CCDC Video
the learning

A.1 Information Sheet 1.1

Assurance Concepts and the Read literature (Information sheet Printed module Students to answer exercises as contained in
Framework for assurance 1.1) in the printed module their respective modules
engagements, Nature,
Philosophy, Objectives and Perform exercises provided in the Task sheets/ exercises Quiz on the topic thru online by use of the group
module chat/ messenger/ LMS of CCDC
 kinds of Auditing, Audit Read Portable Document Format Indicated in the module
Process (Pre-engagement, (PDF) (as applicable) Class participation in virtual discussions
Audit Planning, Internal USB containing power
Control, Audit Evidence, Participate in class virtual point presentations Major Examinations such as Midterms and Final
Documentation, Sampling) discussion (as scheduled from Exams
and Other Assurance & time to time) Other cited references.
Related Services Submission of portfolio as may be applicable.
Read/research the topics in other Laptop, PC ,cellular
Task Sheet 1.1 reference materials in hard copy phone with internet Submission of activities required to be
or online from credible sources connection submitted.

Additional materials/exercises
Information Sheet 2.1 may be uploaded in the class
Task Sheet 2.1 group chat as the need arises.

Information Sheet 3.1

Task Sheet 3.1
A.2 Note: Same activities are followed Same resources will be Same assessment modes will be followed
throughout the course. use throughout the throughout the course.
class.
Information Sheet 4.1
Task Sheet 4.1
A.3

Information Sheet 5.1

Task Sheet 5.1
A.4

A.5 Information Sheet 6.1

Task Sheet 6.1

Information Sheet 7.1

Task Sheet 7.1
A.6 Information Sheet 8.1
Task Sheet 8.1

A.7 Information Sheet 9.1

Task Sheet 9.1

A.8 Information Sheet 10.1

Task Sheet 10.1

A.9 Information Sheet 11.1

Task Sheet 11.1

A.10 Information Sheet 12.1

Task Sheet 12.1

A.11 Information Sheet 13.1

Task Sheet 13.1

A.12
L.O.s B & C are expected to
be demonstrated by the
learner after finishing the
A.13 subject Audit 2A

B.1
B.2

C.1
C.2
COURSE REQUIREMENTS AND DEADLINES:

A. Assignments & Exercises : Exercises & assignments included in the printed module; virtual class discussions; Reading of literature in the printed module and other credible sources such as
text books and online sources.
B. Participation in E-Discussion Forum: Students are encouraged to actively participate in schedule virtual class discussions via Google Meet of Zoom
C. Quiz: Quizzes will be uploaded in the class group chat or CCDC LMS after every topic. Quizzes will be announced to the class earlier.
D. Written Examination: There will be two major examinations, Midterm exams on October 17, 2020 and Final Exams on November 7, 2020.

EVALUATION AND GRADING SYSTEM : The subjects per batch will be composed of two major exams, midterm exam will be on the last day of the 3rd week and the final exams
will be on the last day of the 6th week. Midterm grade will be computed as: all graded activities (quizzes, major exams and other activities) will be transmuted using the
transmutation table with 60% cut-off. Then for finals, total of all c.s. and exam, 60% cut-off grade = tentative final grade. Final grade =tentative final grade x 2 + midterm
grade/3.

COURSE POLICIES : Students are expected to actively participate in all the activities; students must exercise academic integrity at all times by respecting the intellectual
property rights, data privacy act, the provisions on plagiarism and the like; students bear responsibility for all work to be submitted on time; comply requirements on attendance

CONSULTATION WITH COURSE INSTRUCTOR/FACILITATOR: Anytime through the course group chat, SMS or CCDC LMS

REFERENCES IN LEARNING PACKS : Printed course module; USB Digital Resource

SUGGESTED READINGS NOT INCLUDED IN LEARNING PACKAGES:

1.A guide in Understanding PSA by Jekell Salosagcol
2. Auditing and Assurance, Comcepts and Applications (2020 Ed) by Ma. Elenita Cabrerra, et al.
3. Auditing and Assurance Principles (2020 Ed.) by Mark Francis Ng
 4. Auditing Problems (2018-2019 Ed) by Gerardo S. Roque
5. Auditing Problems (2018 Ed.) by Reynaldo P. Ocampo

ABOUT THE COURSE INSTRUCTOR/FACILITATOR:

The facilitator is currently the Dean of the College of Accountancy, CCDC. He finished his elementary and secondary education and graduated both as Valedictorian. He finished his BSC-
Accounting at the Saint Louis University and his MBA at CCDC . He passed the CPA Board Examination in May, 1979. He holds three other PRC licenses such as: Real Estate Broker, Real Estate
Appraiser and Licensed Professional Teacher. He also taught at the University of the Cordilleras and at Saint Louis University. For his corporate and industry exposure, he had been
connected with the Ayala Investment and Development Corporation and the Philippine National Bank. He also worked as an OFW for almost a decade as Chief Accountant of the Al Shaty
Contracting and Finance Manager of the Al Juraib Steel Buildings at Dammam, Kingdom of Saudi Arabia. After his stint abroad, he entered politics having served as Municipal Councilor of
Buguias, Provincial Board Member of Benguet and as Municipal Mayor of Buguias. Then from politics, he went back to the academe, joining CCDC in 2007 up to the present.

For questions and queries kindly contact me through the following:

Contact number: 09083813826

Email account: domingshamolog@yahoo.com

Messenger: Acctg2ACCDC1sem20-21

Prepared and submitted by

Facilitator/Dean : DOMINGO B. BAY-AN, CPA,MBA, REA, REB, LPT