ST.

ANTHONY’S COLLEGE
Business Education Department
San Jose de Buenavista, 5700 Antique
Tel. No. (036) 5409238; 5400898; 5409971 Tel. No.: (036) 5409196
Website: www.sac.edu.ph Email: info@sac.edu.ph; bused@sac.edu.ph In SAC, we
care!

Course Number: APC 306

Descriptive Title: Auditing and Assurance: Concepts and Applications 2
Program & Section: BSA 3A, BSA 3B
Schedule: TTh 4:00pm-5:30pm
Instructor: Ms. GM Mae N. Galela, CPA, CTT, MBA, CB

PRELIMINARY PERIOD
I. Audit of Cash Balances
II. Audit of Trade Receivables, Allowance for Doubtful Accounts and Sales
III. Audit of Inventories, Cost of Sales and Trade Payables
IV. Audit of Investments
V. Audit of Property, Plant and Equipment, and Related Depreciation and Depletion
MIDTERM PERIOD
VI. Audit of Intangible Assets
VII. Audit of Prepaid Expenses, Deferred Charges and Other Current Liabilities
VIII. Audit of Long-term Liabilities
IX. Audit of Owner(s)’ Equity Accounts
X. Audit of Other Accounts in the Statement of Profit or Loss and Comprehensive Income

FINAL PERIOD
XI. Evaluation of Audit Evidence and Completion of Audit
XII. Forming an Opinion and Reporting on Financial Statements
XIII. Modifications to the Opinion in the Independent Auditor’s Report
XIV. Preparation of Financial Statements

TENTATIVE SCHEDULE OF MAJOR EXAMS

 PRELIM February 21-25, 2022
 MIDTERM April 4-8, 2022
 FINAL May 16-20, 2022

Book:

Cabrera, M.E. (2020). Auditing and Assurance: Concepts and Assurance. Manila, Philippines: GIC
Enterprises & Co. Inc.