AUDITING ASSURANCE

PRINCIPLES
COURSE PAGE – AUDITING 314

OUR LADY OF FATIMA

UNIVERSITY
 AUDITING ASSURANCE AND PRINCIPLES
Course Description
 This course integrates relevant topics about auditing concepts, legal,
ethical and regulatory requirements in the performance of assurance
and non assurance Audit Engagements. All significant Philippine
Standards of Auditing that an independent professional accountant
should complied and adhere when engaging the process of the audit .
Emphasis is directed to meeting the expectation of the varied users of
the financial statements to enhance degree of high confidence,
reliability and relevance. Integrating risk-based analysis, application
of effective professional judgment and ethical considerations for
varied services provided by a Certified Public Accountant (CPA).
 AUDITING ASSURANCE AND PRINCIPLES
Program Outcome
 The accounting student must be able to resolve issues
and problems with a global and strategic perspective
using knowledge and technical proficiency in the areas
of financial reporting , cost accounting , management
accounting and control, taxation and accounting
information systems
 AUDITING ASSURANCE AND PRINCIPLES
Performance Indicator
o Prepare individual and corporate income tax returns and conduct
basic tax planning in compliance with relevant legislations and
regulations
 AUDITING ASSURANCE AND PRINCIPLES
Program Outcome
o Employ technology as a business tool in capturing financial and non-
financial information, generating reports and making decisions
 AUDITING ASSURANCE AND PRINCIPLES
Performance Indicator
o Customize an accounting software to a particular business entity
o Develop a financial model using spreadsheet software
o Analyze the performance of a particular business entity using
appropriate accounting software tools and functions
 AUDITING ASSURANCE AND PRINCIPLES
Program Outcome
o Apply knowledge and skills that will successfully respond to varied
types of assessments (including professional licensure examination
and certifications)
 AUDITING ASSURANCE AND PRINCIPLES
Performance Indicator
o Perform accounting –related work in actual workplace based on preset
standards
o Pass CPA Licensure Examina6ions or qualify for professional
accreditations/certifications
 AUDITING ASSURANCE AND PRINCIPLES
Program Outcome
o Confidentially maintain a commitment to good corporate citizenship,
social responsibility and ethical practice in performing functions as
professional accountant
 AUDITING ASSURANCE AND PRINCIPLES
Performance Indicator
o Promote adherence to legitimate and acceptable ethical objectives of
an organization
o Communicate limitations or other constraints that would preclude
responsible judgment or successful performance of an activity such as
in the practicum or on the job training