Scribd
Upload
1K views2 pages

Applied Auditing

This syllabus outlines the key details of the Applied Auditing course, including: 1. The course covers the application of audit procedures to financial statements, focusing on auditing cash, receivables, inventories, liabilities, equity, income, and expenses. 2. The objectives are for students to understand audit planning, internal controls, auditing different accounts and transaction cycles, and completing the audit report. 3. The course is divided into 18 weeks, covering topics like audit planning, transaction cycle auditing, cash, and completing the audit report. Exams and assignments make up the grading components

Uploaded by

ctcasiple
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOC, PDF, TXT or read online on Scribd
1K views2 pages

Applied Auditing

This syllabus outlines the key details of the Applied Auditing course, including: 1. The course covers the application of audit procedures to financial statements, focusing on auditing cash, receivables, inventories, liabilities, equity, income, and expenses. 2. The objectives are for students to understand audit planning, internal controls, auditing different accounts and transaction cycles, and completing the audit report. 3. The course is divided into 18 weeks, covering topics like audit planning, transaction cycle auditing, cash, and completing the audit report. Exams and assignments make up the grading components

Uploaded by

ctcasiple
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOC, PDF, TXT or read online on Scribd
You are on page 1/ 2

Phinma - University of Iloilo

Syllabus
PEN Code:

ACC 018

PEN Subject Title:


1.

Credit:

Applied Auditing

6 units

Prerequisite: ACC 014 (Assurance Principles)

Subject Description:
This course deals with the application of audit procedures in the external audit of financial statements. It covers detailed approaches
to problem situations normally encountered in the independent examination of cash, receivables, inventories, prepayments, property, plant
and equipment, intangibles, liabilities, equity, income and expenses.

2.

3.

Objectives: (students should be able to :)


a.

Recall certain auditing principles as they apply to audit of different accounts and transactions.

b.

Understand the audit planning process and importance of internal control consideration in the audit process.

c.

Audit transactions covered in different transaction cycles.

d.

Understand the process of completing the audit and the preparation of audit report.

Subject Outline and Time Allotment


Chapter

Topics

Audit Planning and Internal

Application of analytical procedures in audit planning

Control Consideration

Understanding of the internal control and tests of control

Revenue and receipt cycle

Expenditure and disbursement cycle

Production cycle

Investing and financing cycle

Audit of Revenue and Receipt

Audit of sales and revenue transactions

Cycle

Audit of receivable balances

Audit of cash receipt transactions / cash balance

Audit of expenditure and

Audit of acquisitions and purchases

disbursement cycle

Audit of payroll transactions

Audit of cash disbursement transac tions / cash balance

Audit of inventory balances

Audit of trade payable balances

Audit of prepaid expenses and accrued liabilities

First Periodical Exam


Audit of Production Cycle

Audit of the Financing Cycle

Week 1

Week 2-3

Week 4-5

Wee 6

Audit of conversion activities

Audit of inventory balances: work-in-process and finished goods

Audit of cost of goods sold balance

Audit of financing cycle transactions

Audit of non-trade liability balances

Audit of interest expense and finance cost balances

Audit of equity accounts

Second Periodical Exam


Audit of investing cycle

Schedule

Week 7-8

Week 9-11

Week 12

Audit of investing transactions

1
`This syllabus is standardized and the required syllabus for the CMA Department.

Week 13-14

Audit of investment account balances

Audit of property, plant and equipment account balances

Audit of intangible account balances

Audit of Cash

Audit of cash

Completing the Audit and Audit

Evaluation of related party transactions, going concern, and contingencies

Report

Evaluation of events after the balance sheet date

Drafting the audited financial statements

Application of analytical procedures in the overall review

Drafting the audit report

Wee 15-16
Week 17

Third Periodical Exam

Week 18

Final Exam

Week 19

4.

Books and References: Applied Auditing, 2014 edition or later, by Cabrera, Ma. Elenita B.

5.

Course Requirements/Components: Quizzes/Exercises (40%); Periodical Exams (40%); Other Components (20%)

6.

Grading System: Formula: FG = (0.17 x FPG) + (0.17 x SPG) + (0.16 x TPG) + (0.5 x FE)
Where: FPG is first periodical grade; SPG is second periodical grad; TPG is third periodical grade; and FE is final
exams

7.

Contact Information:
Professor: __________________________
Mobile No.: ________________________
E-mai Address: ______________________

2
`This syllabus is standardized and the required syllabus for the CMA Department.

You might also like

pFad - Phonifier reborn

Pfad - The Proxy pFad of © 2024 Garber Painting. All rights reserved.

Note: This service is not intended for secure transactions such as banking, social media, email, or purchasing. Use at your own risk. We assume no liability whatsoever for broken pages.


Alternative Proxies:

Alternative Proxy

pFad Proxy

pFad v3 Proxy

pFad v4 Proxy