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    Auditing and Assurance Concept and Applicatiosn 1 - Syllabus

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    MARIA THERESA ABRIO
    This 3 unit course covers the concepts and applications of auditing and assurance over 15 weeks. It is divided into the following topics: 1) audit planning, internal controls, documentation, and an overview of key accounting cycles; 2) audit of cash receipts and payments; 3) audit of revenue and receivables; 4) audit of expenditures, payables, and inventory; 5) audit of production activities and costs. The course aims to explain audit procedures, differentiate between tests of controls and substantive tests, and illustrate the audit process for transactions and account balances within each cycle. Students will be evaluated through a midterm exam, final exam, and learning outcomes related to discussing and applying appropriate audit objectives and procedures.

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    Auditing and Assurance Concept and Applicatiosn 1 - Syllabus

    Uploaded by

    MARIA THERESA ABRIO
    133 views2 pages
    This 3 unit course covers the concepts and applications of auditing and assurance over 15 weeks. It is divided into the following topics: 1) audit planning, internal controls, documentation, and an overview of key accounting cycles; 2) audit of cash receipts and payments; 3) audit of revenue and receivables; 4) audit of expenditures, payables, and inventory; 5) audit of production activities and costs. The course aims to explain audit procedures, differentiate between tests of controls and substantive tests, and illustrate the audit process for transactions and account balances within each cycle. Students will be evaluated through a midterm exam, final exam, and learning outcomes related to discussing and applying appropriate audit objectives and procedures.

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    Auditing and Assurance Concept and Applicatiosn 1_Syllabus

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    This 3 unit course covers the concepts and applications of auditing and assurance over 15 weeks. It is divided into the following topics: 1) audit planning, internal controls, documentation, and an overview of key accounting cycles; 2) audit of cash receipts and payments; 3) audit of revenue and receivables; 4) audit of expenditures, payables, and inventory; 5) audit of production activities and costs. The course aims to explain audit procedures, differentiate between tests of controls and substantive tests, and illustrate the audit process for transactions and account balances within each cycle. Students will be evaluated through a midterm exam, final exam, and learning outcomes related to discussing and applying appropriate audit objectives and procedures.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    Download as pdf or txt
    133 views2 pages

    Auditing and Assurance Concept and Applicatiosn 1 - Syllabus

    Uploaded by

    MARIA THERESA ABRIO
    This 3 unit course covers the concepts and applications of auditing and assurance over 15 weeks. It is divided into the following topics: 1) audit planning, internal controls, documentation, and an overview of key accounting cycles; 2) audit of cash receipts and payments; 3) audit of revenue and receivables; 4) audit of expenditures, payables, and inventory; 5) audit of production activities and costs. The course aims to explain audit procedures, differentiate between tests of controls and substantive tests, and illustrate the audit process for transactions and account balances within each cycle. Students will be evaluated through a midterm exam, final exam, and learning outcomes related to discussing and applying appropriate audit objectives and procedures.

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    © All Rights Reserved
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    of 2

    Course Title: Auditing and Assurance: Concepts and Applications 1

    Course Code: Pre 2


    Number of Units: 3 units

    Week Topic Learning Outcome


    1-2 1.0 Audit Planning, Internal Control • Explain how audit planning
    Considerations and Audit and performance of
    Documentation: analytical procedures affect
    1.1 Analytical procedures in Audit the audit process.
    Planning • Differentiate test of
    1.2 Internal Controls Considerations: controls and Substantive
    Test of controls and Substantive test.
    test • Discuss the importance of
    1.3 Audit Documentation and its audit documentation and
    types the different methods in
    1.4 Overview of Revenue and documentation.
    Receipts Cycle • Discuss an overview of
    1.5 Overview of Expenditures and audit process for accounts
    Disbursement Cycle and transactions cycle
    1.6 Overview of Production Cycle related to cash, revenue
    and receipts expenditure
    and disbursement and
    production cycle.
    3 Prelim •
    4–5 2.0 Audit Cash • Discuss audit objectives for
    2.1 Audit of cash receipt cash receipts and
    transactions disbursement transactions.
    2.2 Audit of cash disbursement • Identify appropriate audit
    transactions procedures in the
    examinations of cash
    account balances and
    transactions
    • Illustrate and apply audit of
    cash
    6-8 3.0 Audit of Revenue and Receipt Cycle • Discuss audit objectives for
    3.1 Audit if Sales and revenue sales and revenue
    transactions transactions and audit of
    3.2 Audit of receivables balances receivable balances.
    • Identify appropriate audit
    procedures in the
    examinations of receivable
    account balance and
    revenue transactions.
    • Illustrate and apply audit of
    revenue and receipt cycle.
    9 MIDTERM EXAM
    10 -14 4.0 Audit of expenditure of Disbursement • Discuss audit objectives for
    Cycle expenditures and
    4.1 Audit of acquisition cycle disbursement cycle
    4.2 Audit of payroll transactions • Identify appropriate audit
    4.4 Audit of trade payables balance procedures in the
    4.5 Audit of prepaid expenses and examinations of inventory,
    accrued liabilities other current assets and
    other current liabilities,
    account balances and
    purchases, payroll and
    expenses transactions
    • Illustrate and apply audit of
    expenditure and
    disbursement cycle
    15-17 5.0 Audit of production cycle • Discuss audit objectives for
    5.1 Audit of conversion activities production cycle.
    5.2 Audit of inventory balances: work-in • Identify appropriate audit
    process and finished goods. procedures in the
    5.3 Audit of cost of goods sold balance examinations of work-in
    process, finished goods and
    cost of goods sold, account
    balances and production
    activities.
    • Illustrate and apply audit of
    production cycle.
    18 Final Examination

    References:

    • Applied Auditing by Cabrera


    • Auditing Theory by Salosagcol, Tiu abd Hermosilla
    • Applied Auditing by Assuncion, Ngina and Escala

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