RCC Operation Auditing Syllabus

Republic Central Colleges
Plaridel St., 2009 Angeles City, Philippines

Tel. (045) 405-0121; 888-2853 / Fax (045) 322-5656
COLLEGE OF BUSINESS & ACCOUNTANCY
Bachelor of Science in Accountancy
SYLLABUS IN ELECTIVE 3
OPERATION AUDITING
PHILOSOPHY
The total development of man based on Faith, Science, and Virtue.
MISSION
RCC provides quality education and services responsive to the changing needs of students and other stakeholders as well as the local and
global communities through:
 teaching and learning,
 support for students,
 research and development,
 relations with the community, and
 governance and management
VISION
RCC is a highly sustainable and innovative center of excellence in Central Luzon.
GOALS
1. Strengthened quality of teaching and learning

2. Improved recruitment admission, and academic and non-academic support system for students
3. Enhanced research culture
4. Relevant responsive and sustainable community program
5. Effective and efficient organizational structure and system
CORE VALUES
 Responsibility
We perform our duties effectively and efficiently for the best interests of our students and other stakeholders.
 Respect
We uphold human dignity and recognize differences and limitations to create peaceful and harmonious relationship.
 Integrity
We stand for truth, fairness and high ethical standards in the accomplishment of our mission.
 Compassion
We commit our genuine empathy and concern to inspire and empower our students and other stakeholders.
 Commitment
We dedicate ourselves in giving quality education and services to our students and other stakeholders.
 Excellence
We pursue high standards of excellence in the performance of our functions in instruction, research and community extensions.
I. COURSE DESCRIPTION : This course exposes the learners to the principles of and the sequence of the processes of operations audit,
which focuses on benchmarking concepts, performance indicators and measurement criteria, identification and
analysis of performance gaps and opportunities and discussion of benchmarking results with management.
Through simulated case studies and highly interactive group discussions, learners will identify various tools and
methods, analyze operational data and information, identify causes of operational issues and risk exposures, and
formulate solutions to enhance an entity’s operational performance.
Credit : 3 Units
Number of Hours : (54 hrs.)
Pre-requisite : Auditing 2 & 3
II. DESIRED OUTCOMES
RCC Graduate BSA Graduate Outcomes Course Outcomes (CO) Domain

Outcomes
On the completion of the program, graduates
On the completion of the course, students should be able to:
should be able to:
Articulate and discuss the latest CO1 Apply the Philippine Standards on Auditing on examination of Psychomotor
Competent development in the fields of accountancy the fairness of the presentation of the financial statements
Graduate
CO2 Discuss the current Philippine Financial Reporting Standards Cognitive
(PFRS) adapted b the Financial Reporting Standards (FRSC)
from the International Financial Reporting Standards (IFRS)
issued by the International Accounting Standards Board
(ASB)
Communicate effectively with stakeholders CO3 Prepare general purpose financial statements and notes to Psychomotor
both orally and in writing financial statements for stakeholders use
Demonstrate working knowledge in the CO4 Perform independent audit of financial statements Psychomotor
areas of financial accounting and reporting,
cost accounting and management,
management accounting, auditing, CO5 Prepare audit reports and other reports to management Psychomotor
accounting information systems, taxation
and accounting research
Design an appropriate computer based information systems Psychomotor
CO6 in organizations such as financial accounting system,
Employ technology as a business tool in performance management and monitoring system, payroll
capturing financial and non-financial system and executive information system
information, preparing reports and making
decisions
RCC Graduate BSA Graduate Outcomes Course Outcomes (CO) Domain
Outcomes
On the completion of the program, graduates should be On the completion of the course, students should
able to: be able to:
Responsible Work effectively a independently in multi- CO7 Conduct a planning and problem solving meeting Psychomotor
Graduate disciplinary and multi-cultural teams to resolve issued related to a business
transaction or event
Appraise ethical problems/issues in practical CO8 Differentiate either actively or passively Affective
business and accounting situations and recommend subverting the attainment of the organization’s
appropriate courses of action tht adhere to the legitimate and ethical objectives
professional code of ethics
CO9 Relate professional limitations or other constrains Affective
that would preclude responsible judgment or
performance of an activity
Committed and Preserve and promote Filipino historical and cultural CO10 Identify to the contribution of a Professional Affective
Reflective heritage particularly Kapampangan heritage Filipino accountant to the development of the
Lifelong Learner economy in compliance to the Philippine Financial
Reporting Standard, Philippine Act of
Accountancy and Philippine Standards on
Auditing
Compassionate Demonstrate corporate citizenship and social CO11 Demonstrate corporate citizenship and social Affective
and Service responsibility, exercise high personal moral and responsibility strategies and compliance action
Driven Graduate ethical standards plan for a business
III. COURSE OUTLINE
COURSE TIME TEACHING/LEARNING ASSESSMENT

LEARNING OUTCOMES CONTENT/TOPIC
OUTCOME FRAME ACTIVITIES METHOD/TASKS
At the end of the lesson, the A. FUNDAMENTALS OF AUDITING AND
learner will be able to: ASSURANCE SERVICES Strategy/methodology  Recitation
CO1, CO2,  Identify the nature and areas of 1. Introduction to assurance 3 hours ● Lecture ● Seatwork
CO8, CO9, assurance services engagements ● Discussion
CO10, ● Multi-media ● Short answers
 Understand the nature and a. Discuss the nature, objective and
C011 presentation  QuizClass
objective of an assurance elements
● Case analysis/ participation
engagement b. Identify the types of assurance
presentation  Quizzes
 Differentiate between assertion engagements (audits, reviews, other  Statement Analysis
based engagements and direct assurance engagements) ● Group/team
learning  Seatwork
reporting engagements c. Introduction to auditing  Boardwork using
- Discuss the nature, philosophy, and ● Video/film clip
analysis google Docs sharing
 Identify the types of assurance objectives or Jamboard
engagements and non- ● Individual/group
- Identify the types of audit  Library/ Scholarly
assurance engagements presentation
 According to nature of ● Virtual Research
 Identify the nature and assertion/data  Case, video and/or
objectives of auditing. synchronous/
(financial statements audit, asynchronous film clip critiquing
 Know why independent operational audit, meeting/learnin  Virtual term
auditing is necessary. and compliance audit) g activities examination
 Differentiate between the  According to types of auditor ● Virtual
Fundamentals of Auditing and (external independent financial presentation & LMS:
Assurance Services statements audit, internal online apps G Workspace for
audit, and government audit) activity Education: Google
Classroom
At the end of the lesson, the
learner will be able to:
CO1, CO2, 2. The Risk-based Financial Statement 4 hour Strategy/methodology  Recitation
CO8, CO9, Audit – Client Acceptance, Audit ● Lecture ● Seatwork
CO10,  Assess the risk of material Planning, Supervision and Monitoring ● Discussion
C011 ● Multi-media ● Short answers
misstatement a. Discuss the overview of the risk-based
presentation  QuizClass
 Explain the elements of internal audit process
control- the control environment b. Describe and explain the pre-
and control procedure engagement procedures
● Group/team  Statement Analysis
 Understand the concept of c. 1.2.3 Discuss the scope and purposes  Seatwork
materiality as it is applied to of audit planning learning
● Video/film clip  Boardwork using
audit - Identify and discuss the essential google Docs sharing
planning procedures analysis
● Individual/group or Jamboard
 Knowledge of the business  Library/ Scholarly
presentation
 Preliminary analytical procedures Research
● Virtual
 Materiality synchronous/  Case, video and/or
 Assessing and managing audit asynchronous film clip critiquing
risks meeting/learnin  Virtual term
 Overall audit plan and audit g activities examination
program (experts internal auditor, ● Virtual
other independent auditors) presentation & LMS:
d. Describe the direction, supervision online apps G Workspace for
and review activity Education: Google
Classroom
learner will be able to: 3. Understanding the Entity and its
CO1, CO2, Environment including its Internal 7 hours Strategy/methodology  Recitation
CO8, CO9, Control and Assessing the Risks of ● Lecture ● Seatwork
CO10,  Understand risk assessment Material Misstatement ● Discussion
procedures and sources of a. Describe and discuss the industry,
information about the entity and regulatory and other external factors,
its environment, including its including the applicable financial
internal control reporting framework
 Understand the entity and its - Describe the nature of the entity
environment including its - Discuss the objectives and strategies
internal control and related business risks
- Describe and discuss the measurement or Jamboard
and review of the entity’s financial ● Individual/group
presentation  Library/ Scholarly
performance Research
● Virtual
b. Discuss and explain Internal Control synchronous/  Case, video and/or
- Identify and explain the basic concepts asynchronous film clip critiquing
and elements of internal control meeting/learnin  Virtual term
- Identify and discuss consideration of g activities examination
accounting and internal control ● Virtual
systems presentation & LMS:
Understanding and documentation online apps G Workspace for

activity Education: Google
 Assessment of control risks
Classroom
 Test controls
 Documentation
CO1, CO2, C. Identify, discuss and assess the risks of Strategy/methodology  Recitation
CO8, CO9,  Understand the auditor’s material misstatement ● Lecture ● Seatwork
CO10, responsibilities relating to fraud - Fraud and errors ● Discussion
and error in the audit of - Risks assessment procedures
financial statements - Discussion among the engagement
 Know the basic characteristics team
of fraud and the incentives, - Significant risks that require special
opportunities, attitudes and audit consideration
rationalizations that could lead
- Risks for which substantive procedures ● Video/film clip  Boardwork using
to their occurrence
alone do not provide sufficient analysis google Docs sharing
 Learn how to assess whether or Jamboard
the risk that fraud and error appropriate audit evidence ● Individual/group
- Revision of risk assessment presentation  Library/ Scholarly
would result to material Research
misstatement of the financial c. Discuss and communicate the risks of ● Virtual
Material misstatement with those synchronous/  Case, video and/or
statements film clip critiquing
 Describe how the auditor could charged with governance and asynchronous
meeting/learnin  Virtual term
detect fraud and error management
g activities examination
 Be familiar with the indirect
limitations of an audit ● Virtual
presentation & LMS:
 Learn the risk factors relating to G Workspace for
misstatement arising from online apps
fraudulent financial reporting Classroom
 Know the types of errors and
irregularities in the various
transaction cycles of the
business entity and the
auditor’s responsibility
learner will be able to: 4. Audit Objectives, Procedures,
CO1, CO2, Evidences and Documentation 3 hours Strategy/methodology  Recitation
CO8, CO9,  Identify the evidence- gathering a. Describe and discuss the nature and ● Lecture ● Seatwork
CO10, decisions an auditor must significance ● Discussion
make b. 1.4.2 Identify the evidential matters
 Explain the relationship among c. 1.4.3 Describe the audit
audit techniques procedures/techniques, including audit
 Identify the nature and selection  Statement Analysis
significance of audit evidence. d. Prepare audit working papers ● Group/team
 Describe the nature, purpose  Boardwork using
and contents of audit working ● Video/film clip
PRELIMINARY EXAMINATION google Docs sharing
papers analysis
5. Completing the Audit/Post-Audit 4.5 presentation  Library/ Scholarly
Responsibilities hours ● Virtual Research
 Perform the audit procedures in a. Discuss the completion of the audit  Case, video and/or
completing the audit. synchronous/
and audit report preparation asynchronous film clip critiquing
 Identify the auditor’s  Virtual term
- Describe the analytical procedures for meeting/learnin
responsibilities when facts examination
overall review g activities
affecting the audit report are
discovered after its issuance - Determine related party transactions ● Virtual
- Discuss subsequent events review presentation & LMS:
online apps G Workspace for
- Discuss the assessment of going
concern assumptions Classroom
- Explain how to obtain client’s
representation letter
- Discuss and describe how to evaluate
findings, formulate an opinion and draft
the audit report
b. Identify and discuss post-audit
responsibilities
- Discuss subsequent discovery of facts
and omitted procedures
CO1, CO2, 6. Reports on Audited Financial 3 hours Strategy/methodology  Recitation
CO8, CO9,  Cite the different types of Statements ● Lecture ● Seatwork
CO10, opinion that may be expressed a. Describe an unqualified auditor’s ● Discussion
by the auditor. report
 Understand the responsibilities b. Identify the basic elements of the
of the auditor after the audit is unqualified auditor’s report
completed c. Describe a modified auditor’s report
- Identify matters that do not affect the  Seatwork
auditor’s opinion learning
- Identify matters that do affect the google Docs sharing
analysis
auditor’s opinion ● Individual/group or Jamboard
d. Prepare and discuss report on presentation  Library/ Scholarly
comparatives ● Virtual Research
e. Identify key audit matters synchronous/  Case, video and/or
7. Auditing in a Computerized 2 hours asynchronous film clip critiquing
 Explain the environment of a
Information Systems meeting/learnin  Virtual term
computerized accounting
(CIS)Environment g activities examination
system.
 Know the basic approach in a. Discuss, describe and identify the ● Virtual
Internal control in a CIS environment presentation & LMS:
auditing electronically
- Introduction online apps G Workspace for
processed data.
- Impact of computers on accounting activity Education: Google
 Enumerate the internal control
Classroom
procedures in the EDP system and internal control systems
 General Controls
 Application controls
- Unique characteristics of specific CIS
 Stand alone
 On-line
 Database system
learner will be able to: b. Discuss, describe and identify the
CO1, CO2, basic approach to the audit of CIS Strategy/methodology  Recitation
CO8, CO9,  Discuss the characteristics of a environment ● Lecture ● Seatwork
CO10, good system of internal control - Introduction ● Discussion
C011 in EDP environment. ● Multi-media ● Short answers
- Effects of computers on the audit  QuizClass
 Explain the computer- assisted process presentation
auditing techniques and ● Case analysis/ participation
- Computer assisted audit techniques  Quizzes
approaches of auditing a - Electronic commerce presentation
computerized accounting ● Group/team  Statement Analysis
c. Describe and discuss how to audit  Seatwork
system. learning
new technologies1.8 Attestation  Boardwork using
● Video/film clip
Services google Docs sharing
analysis
8. Attestation Services 4.5 presentation  Library/ Scholarly
 Know the types of services of a
a. Identify and describe the procedures hours ● Virtual Research
professional accountant in
and reports on special purpose audit synchronous/  Case, video and/or
public practice
engagements asynchronous film clip critiquing
 Identify the nature and areas of
- Discuss the general considerations meeting/learnin  Virtual term
assurance services
- Discuss the audit of financial g activities examination
 Differentiate between assertion statements prepared in accordance
based engagements and direct ● Virtual
With a comprehensive basis of presentation & LMS:
reporting engagements accounting other than GAAP in the G Workspace for
 Identify the types of assurance online apps
Philippines activity Education: Google
engagements and non- - Describe the audit of a component of Classroom
assurance engagements financial statements
 Explain review and compilation - Describe the reports on compliance
services that may be offered to with contractual agreements
clients. - Describe the reports on summarized
 Describe special engagements financial statements
to examine prospective financial
information.
CO1, CO2, b. Discuss attestation and related Strategy/methodology  Recitation
CO8, CO9, services ● Lecture ● Seatwork
CO10,  Describe audit or limited - Discuss the examination of ● Discussion
C011 prospective financial information ● Multi-media ● Short answers
assurance engagements other
- Describe engagements to review presentation  QuizClass
than audits, reviews or
compilations of historical financial statements
financial statements prepared in - Describe engagements to perform
accordance with PFRS. agreed-upon procedures regarding
 Describe special engagements Financial information
to perform agreed-upon - Describe engagements to prepare or
procedures compile financial information
 Describe compilation - Describe and discuss service  Library/ Scholarly
engagements presentation
organization controls and the service of ● Virtual Research
auditor’s report synchronous/  Case, video and/or
- Identify and discuss engagements asynchronous film clip critiquing
performed in accordance with other meeting/learnin  Virtual term
criteria g activities examination
c. The role of CPAs in rendering other ● Virtual
services (aside from auditing and presentation & LMS:
attestation online apps G Workspace for
Classroom
MIDTERM EXAMINATION
learner will be able to: B. AUDITING PRACTICE
CO1, CO2, 1. Governance, Ethics and Quality 5 hours Strategy/methodology  Recitation
CO8, CO9,  Understand the basis and the Management ● Lecture ● Seatwork
CO10, need for professional ethics a. Discuss corporate governance ● Discussion
 Know the Code of Ethics for b. Identify and discuss the ethical
Professional Accountants in the standards and responsibilities of
Philippines including professional accountants
professional, legal c. Determine and discuss the system of
responsibilities of a CPA. quality management
 Distinguish ethical from unethical - Elements of a system of quality  Boardwork using
behavior in personal, management ● Video/film clip
professional and business - Leadership responsibilities or Jamboard
contacts. ● Individual/group
- Ethical requirements presentation  Library/ Scholarly
 Know how public accounting - Acceptance and continuance Research
practice is regulated ● Virtual
- Human resources synchronous/  Case, video and/or
 Appreciate the need for a film clip critiquing
- Engagement performance asynchronous
quality control system in an  Virtual term
accounting firm - Monitoring meeting/learnin
- Documentation of the System of g activities examination
 Enumerate and explained the
services of a CPA in public Quality ● Virtual
Management presentation & LMS:
practice G Workspace for
 Identify the core competencies d. Determine and discuss the regulatory online apps
required in the public requirement related to the practice,
Classroom
accounting profession and the accreditation and regulation of
emerging assurance and public accounting and auditing
consultancy services of CPAs services
learner will be able to: 2. Planning the Audit and Performing Risk  Recitation
CO1, CO2, Assessment Procedures 5 hours Strategy/methodology ● Seatwork
CO8, CO9,  Understand the concept of risk- a. Explain the overview of Risk-based ● Lecture
CO10, ● Discussion ● Short answers
base audit approach audit
C011 ● Multi-media  QuizClass
 Know the nature of risk and the b. Explain the overview of risk
presentation participation
critical components of risk assessment
● Case analysis/  Quizzes
relevant to conducting an audit c. Identify and discuss the preliminary
presentation  Statement Analysis
and their interrelationships activities
● Group/team  Seatwork
 Discuss the activities in a risk- - Discuss the engagement acceptance  Boardwork using
based audit process and continuance learning
● Video/film clip google Docs sharing
 Enumerate the activities in the d. Discuss and describe the audit plan or Jamboard
Risk Assessment Phase analysis
- Describe Overall audit strategy ● Individual/group  Library/ Scholarly
- Determine the use of materiality presentation Research
- Encourage discussion with the audit ● Virtual  Case, video and/or
team synchronous/ film clip critiquing
- Describe, discuss, and explain the asynchronous  Virtual term
audit of business processes meeting/learnin examination
 Order to cash g activities
● Virtual LMS:
 Purchase to pay
presentation & G Workspace for
 Plan to inventory Education: Google
Hire to retire online apps

activity Classroom
 Acquire to retire
 Record to report
 Close, consolidate and report
 Financial planning and analysis
Other business processes
learner will be able to:  Recitation
CO1, CO2, e. Describe how to perform risk Strategy/methodology ● Seatwork
CO8, CO9,  Understand the need to perform assessment procedures entity wide and ● Lecture
risk assessment to business process level
identify/assess risk of material Identify and assess inherent risks

misstatement through Identify objectives and key risks

understanding the entity and its Describe and explain internal

environment
control  Seatwork
 Know the risk assessment ● Group/team
 Evaluate internal control learning  Boardwork using
procedures and sources of
 Communicate deficiencies in ● Video/film clip google Docs sharing
information about the entity and
internal control analysis or Jamboard
its environment
 Conclude the risk assessment ● Individual/group  Library/ Scholarly
 Learn what aspects about the Research
phase presentation
entity should the auditor  Case, video and/or
understand ● Virtual
synchronous/ film clip critiquing
asynchronous  Virtual term
 Understand the nature and examination
explain the rationale for 3. Risk Response meeting/learnin
conducting tests of controls a. Explain the overview of risk response 5 hours g activities
● Virtual LMS:
 Apply different audit b. Describe the development of the risk- G Workspace for
procedures in tests of controls based audit plan presentation &
online apps Education: Google
 Understand the nature of c. Determine the extent of testing Classroom
substantive tests and the d. Describe how to document the work activity
rationale for performing such performed
tests - Describe the preparation of audit
 Apply different audit procedures working papers
in performing substantive tests
of transactions and balances
CO1, CO2,  Understand the need for - Describe the preparation of analysis Strategy/methodology ● Seatwork
CO8, CO9, documentation in the context of worksheets ● Lecture
the audit of financial statement - Explain the formulation of adjusting
 Discuss the objectives of audit and correcting entries
documentation e. Describe the preparation of written
 Enumerate the most commonly representations  Statement Analysis
used types of working papers presentation
f. Discuss engagement supervision and  Seatwork
 Understand the relationship of ● Group/team
consultation  Boardwork using
working papers to financial learning
● Video/film clip google Docs sharing
statements 4. Audit Communication and Reporting or Jamboard
5 hours analysis
a. Describe the overview of reporting the ● Individual/group  Library/ Scholarly
 Describe the independent audit Research
auditor’s report presentation
b. Perform audit evidence evaluation ● Virtual  Case, video and/or
 Know the requirements relative film clip critiquing
c. Describe how audit results are synchronous/
to forming an opinion on the  Virtual term
communicated asynchronous
financial statements examination
- Discuss the criteria and quality of meeting/learnin
 Know how to deal with
supplementary information communication g activities
● Virtual LMS:
presented with the financial - Disseminate the results
statements - Communicate with those charged with Education: Google
governance online apps
activity Classroom
CO1, CO2, d. Describe the preparation of the audit Strategy/methodology ● Seatwork
CO8, CO9,  Explain the circumstances that report ● Lecture
would require modifications of - Discuss any modification to the
auditor’s report and the effect auditor’s report
on the auditor’s opinion - Determine the need of Emphasis of
 Understand with the form and matter and other matter paragraphs
content of the auditor’s report - Prepare comparative information
● Group/team  Seatwork
when the opinion is modified e. Describe the monitoring and closing of
learning  Boardwork using
 Know the auditor’s the engagement google Docs sharing
responsibility in relation to other ● Video/film clip
analysis or Jamboard
information in documents  Library/ Scholarly
containing audited financial FINAL EXAMINATION ● Individual/group
presentation Research
statements  Case, video and/or
● Virtual
synchronous/ film clip critiquing
asynchronous  Virtual term
meeting/learnin examination
g activities
● Virtual
LMS:
online apps Education: Google
activity Classroom
Total hours (including quizzes) 51
IV. COURSE OUTPUT/COURSE REQUIREMENTS
As evidence of attaining the above learning outcomes, the student has to do and submit the following:
a. Knowledge of Concepts (Major Examinations, Quizzes, Graded Recitation, Class Participation, Assignments & Activities) – CO1 & CO2
b. Application of the accounting principles and practices using the Philippine Accounting Standards(PAS), Philippine Financial Reporting
Standards (PFRS) and Philippine Standard of Auditing thru CPA board type of comprehensive examination
c. Research study
d. Community Service- an 8 hour community service will rendered before the semester will end
V. GRADING SYSTEM
Class Standing 67%

Quizzes 40%
Seatwork 30%
20%
Recitation/Participation/Boardwork
Assignment/others 10%
Major Exam 33%
TOTAL 100%
Formula for the Computation of Grades
Prelim Grade (PG) = Final Grade (FG) =

(Class Standing X 2) + Prelim Exam CS + [(PRE-FE X 30%) + (FE X 70%)] X 2 + MTG
3 3 .
2
Mid-term Grade (MTG) =
(CS X 2) + Mid-term Exam + PG
3 .
2
VI. REFERENCES
Cabrera, E ( 2020-2021). Principles of Auditing and Assurance Services. Manila:GIC Enterprises & Co.
BOOKS:
1. Cabrera, E. (2017). Auditing Theory. Manila: GIC Enterprises & Co

2. Cabrera, E. (2017). Applied Auditing. Manila: GIC Enterprises & Co
3. Cabrera, E. (2017). Auditing theory Reviewer. Manila: GIC Enterprises & Co
4. Cabrera, E.(2013). Comprehensive Reviewer in Auditing Theory. Manila: GIC Enterprises & CO,
5. Cabrera, E., and Cabrera, G. (2019). Corporate governance, business ethics, risk management and internal control. Manila: GIC Enterprises
& Co
6. CPE Committee. ( 2014). The New Philippine Standards on Auditing. Manila : Made Easy Books
7. CPE Committee. (2014). PFRS. Manila; PICPA
8. PICPA. (2018). PFRS. Manila: Northern Manila Chapter
9. Rasalar, C., and Evangelista, R. (2011). Auditing Theory for Students & Practice Guide for Auditor. Manila: GIC Enterprises & Co
10. Roque, G. ( 2016-17) CPA Examination Reviewer Auditing Problems. Manila: Conanan Educational Supply
11. Salosagcol, JG., Tui, M.F. and Hermosilla, R. E.. (2014). Auditing Theory, A Guide to understanding PSA. Manila: GIC Enterprises & Co
WEBSITE REFERENCE:
Revision of accountancy law. https://boa.com.ph/wp-content/uploads/2016/08/REVISION-OF-ACCOUNTANCY-LAW-AUG-9.pdf
Independent audit report. https://www.dbp.ph/wp-content/uploads/2018/11/2017-FS.pdf
Philippine Accounting Updates. (

https://www.google.com.ph/url?sa=t&rct=j&q=&esrc=s&source=web&cd=5&cad=rja&uact=8&sqi=2&ved=0ahUKEwjtotCkxaHNAhUElJQKHRctCVcQ
FggzMAQ&url=http%3A%2F%2Fphilcpa.org%2Faccounting-auditing-
standards%2Fauditing%2F&usg=AFQjCNF5i1UZpIqGi4A0kph4i1GVkED3TQ&bvm=bv.124272578,d.dGo
The New Auditor’s Report at A Glance (A Summary). (2015). http://www.ifac.org/system/files/uploads/IAASB/Audit%20Reporting-

At%20a%20Glance-final.pdf
Philippine standard on auditing 700 (revised) forming an opinion and reporting on financial statements.
https://www.aasc.org.ph/new_std_sept2016/PSA%20700%20(Revised)%20-%20clean.pdf
Handbook of code of ethics for professional accountants. https://www.ifac.org/publications-resources/2018-handbook-international-code-ethics-
professional-accountants
Jules, D ( 2018). International code of ethics for professional accountants. https://www.ifac.org/global-knowledge-

gateway/ethics/discussion/international-code-ethics-professional-accountants-key
More Informative Auditor's Reports - What Audit Committees and Finance Executives Need to Know. (2016).
https://www.iaasb.org/system/files/publications/files/IAASB-KAM-Publication-for-Audit-Committees-and-Finance-Executives_0.pdf
VII. SUMMARY OF REVISIONS
Revision Date Created by Short Description of Changes

1. January 8, 2022 Ms. Erlinda J. Hipolito 1. First edition of the syllabus
Prepared by: Approved by:
Ms. Erlinda J. Hipolito, CPA, MBM AIRWIN S. DITIANQUIN, DBA (CAR)

Faculty
Dean

RCC Operation Auditing Syllabus

Uploaded by

Document Information

Original Description:

Original Title

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

RCC Operation Auditing Syllabus

Uploaded by

Copyright:

Available Formats

Republic Central Colleges

Plaridel St., 2009 Angeles City, Philippines

1. Strengthened quality of teaching and learning

RCC Graduate BSA Graduate Outcomes Course Outcomes (CO) Domain

COURSE TIME TEACHING/LEARNING ASSESSMENT

Class Standing 67%

Formula for the Computation of Grades

Prelim Grade (PG) = Final Grade (FG) =

1. Cabrera, E. (2017). Auditing Theory. Manila: GIC Enterprises & Co

Revision of accountancy law. https://boa.com.ph/wp-content/uploads/2016/08/REVISION-OF-ACCOUNTANCY-LAW-AUG-9.pdf

Independent audit report. https://www.dbp.ph/wp-content/uploads/2018/11/2017-FS.pdf

Philippine Accounting Updates. (

The New Auditor’s Report at A Glance (A Summary). (2015). http://www.ifac.org/system/files/uploads/IAASB/Audit%20Reporting-

Jules, D ( 2018). International code of ethics for professional accountants. https://www.ifac.org/global-knowledge-

VII. SUMMARY OF REVISIONS

Revision Date Created by Short Description of Changes

Prepared by: Approved by:

Ms. Erlinda J. Hipolito, CPA, MBM AIRWIN S. DITIANQUIN, DBA (CAR)

You might also like