Guide Questions for Webinars in AASI

I. Specialized Industry

• Nature and Background of Specialized Industry (Describe the industry, what is industry all about,
for example for banks, there are classifications of banks and non-banks, any information
pertaining to the industry in general)

• Overview and, Statistics of the Specialized Industry in the Philippines (describe the industry's
standing in the Philippines, any relevant statistics, and regulations/laws in the Philippines
related to the industry like Phil. Mining Act for mining industry)

• Key Updates (latest news or regulation update for the specific industry that has significant
impact on it, like recent BSP/SEC issuances/memo or any new policy/law enacted for that
industry, or proposed or newly accounting standard for that industry)

• Key Players (sample companies of that particular industry and its relevant statistics)

II. Accounting standards applicable to the industry

• Specific accounting processes for the industry (accounting standards, accounting practices
directly related to a particular industry)

III. Audit Considerations

• Risks Considerations (key audit areas for the industry)

• Audit Procedures (directly related to a particular industry or relate the general audit procedures
to the industry)

• Key Audit Matters (can be seen to sample audited FS of publicly listed companies of the
industries from 2018/2019 up)

IV. Reflection and Learning Points

V. References (links)