De La Salle University

COLLEGE : RVRCOB DEPARTMENT : Accountancy

COURSE CODE : MODAUDP
ONLINE CLASS DAYS AND : MTWHFS, August 18 to September 2, 0730-1200
CLASS TIME
INSTRUCTOR NAME : Florenz C. Tugas
CONTACT DETAILS : florenz.tugas@dlsu.edu.ph
CONSULTATION HOURS : via Zoom or FB Group Messenger MTWHFS 1400-1700

COURSE DESCRIPTION:

This course (MODAUDP or Auditing Principles) is a pure online course. It is designed to provide
students with the conceptual knowledge and understanding of the fundamental theory of auditing
and assurance services, and the philosophy underlying audits with emphasis on external auditing as
performed by independent Certified Public Accountants and the management of public accounting
practice. The course covers Generally Accepted Auditing Standards [specifically, Philippine
Standards on Auditing (PSA)], the Philippine Accountancy Law, internal, external, and government
auditing, internal controls, audit objectives, audit procedures, audit techniques, and audit reports.
Ethical standards affecting the accountancy profession are also taken up.

LEARNING OUTCOMES:
On completion of the course, the student is expected to be able to do the following:
UNIVERSITY EXPECTED LASALLIAN LEARNING OUTCOME
GRADUATE ATTRIBUTE (ELGA)

Critical and creative thinker LO1: Prepare independent auditor’s report on the
client’s financial statements based on relevant
Effective communicator auditing standards and principles.

LO2: Prepare other reports based on relevant review,

assurance, and related services standards and
principles.

LO3: Present case analysis applying fundamental

auditing, assurance, and related services standards
and principles.

Reflective lifelong learner LO4: Write reflection paper identifying interesting and
relevant auditing and assurance issue and providing
valid, sensible, and logical introspection by applying
fundamental auditing, assurance, and related services
standards and principles.

FINAL COURSE OUTPUT:

As of evidence of attaining the above learning outcomes, the student is required to do and submit
the following during the indicated dates of the term.

LEARNING OUTCOME REQUIRED OUTPUT/S DATE OF COMPLETION

LO1: Prepare independent Collaborative and August 18 to September 2

auditor’s report on the client’s Individual Audit Programs
financial statements based on and Audit Reports using
relevant auditing standards and Google docs.
principles.

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 LEARNING OUTCOME REQUIRED OUTPUT/S DATE OF COMPLETION

LO2: Prepare other reports Collaborative and August 18 to September 2

based on relevant review, Individual Engagement
assurance, and related services Programs and Reports
standards and principles. using Google docs.

LO3: Present case analysis Group presentation based August 31

applying fundamental auditing, on written case analysis
assurance, and related services applying fundamental
standards and principles. auditing, assurance, and
related services standards
and principles.

LO4: Write reflection paper One reflection paper on August 18 to September 2

identifying interesting and issues affecting audit
relevant auditing and practices of today
assurance issue and providing
valid, sensible, and logical
introspection by applying
fundamental auditing,
assurance, and related services
standards and principles.

AnimoSpace (Canvas) is the learning management system (LMS) to be used in the conduct of the
online classes. Meeting apps such as Zoom and Google Meet may also be used.

RUBRICS FOR ASSESSMENT:

The rubrics that follow are intended for students the self-assess their outputs and deliverables before
submission. The same will be used by the instructor to mark these submissions.

Collaborative Audit Programs and Audit Reports (including other reports)

CRITERIA EXCELLENT SATISFACTORY DEVELOPING BEGINNING RATING

97-100 83-96 77-82 70-76
Content The group The group The group The group
(80%) appropriately applied most of applied some failed to apply
applied all relevant the relevant of the relevant relevant
auditing standards auditing auditing auditing
and principles, and standards and standards and standards and
provided correct principles, and principles, and principles, and
solutions to provided provided partly provided
problems and substantially incorrect mostly
cases. correct solutions solutions to incorrect
to problems and problems and solutions to
cases. cases. problems and
cases.
Teamwork The group The group The group The group
(20%) demonstrated demonstrated demonstrated lacked
strong teamwork teamwork as minimal teamwork
as evidenced by evidenced by teamwork as as evidenced
consistency both consistency in evidenced by by
in the flow and terms of flow and some inconsistencies
contents of the content of inconsistencies both in the flow
audit working the audit working both in the flow and contents of
papers. papers. and contents the audit
working paper.
RATING

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 Individual Audit Programs and Audit Reports (including other reports)

CRITERIA EXCELLENT SATISFACTORY DEVELOPING BEGINNING RATING

97-100 83-96 77-82 70-76
Content The student The student The student The student
(100%) appropriately applied most of applied some failed to apply
applied all the relevant of the relevant relevant
relevant auditing auditing auditing auditing
standards and standards and standards and standards and
principles, and principles, and principles, and principles, and
provided correct provided provided partly provided mostly
solutions to substantially incorrect incorrect
problems and correct solutions solutions to solutions to
cases. to problems and problems and problems and
cases. cases. cases.

RATING

Oral Comprehensive Exam (Group)

CRITERIA EXCELLENT SATISFACTORY DEVELOPING BEGINNING RATING

97-100 83-96 77-82 70-76
Analysis, The group The group The group The group
conclusion, and presents correct presents correct presents partly or presents incorrect
recommendations analysis, analysis, entirely correct analysis,
(50%) conclusion, and conclusion, and analysis, conclusion, and
recommendations recommendations conclusion, and recommendations
to the problems or to the problems or recommendations to the problems or
cases by showing cases by showing to the problems or cases but corrects
all relevant certain supporting cases by showing the solutions to
supporting calculations or supporting these problems or
calculations or proofs, and calculations or cases.
proofs, and somewhat relating proofs.
relating these these to the
solutions to the business world.
business world.
Presentation and The group The group The group The group
teamwork communicates communicates communicates communicates
(20%) and explains and explains and explains and explains
clearly the clearly the somewhat clearly vaguely the
analysis, analysis, the analysis, analysis,
conclusion, and conclusion, and conclusion, and conclusion, and
recommendations recommendations recommendations recommendations
to the problems or to the problems or to the problems or to the problems or
cases, and cases, and cases, and cases, and does
generates interest generates some generates little not generate
and establishes interest among the interest among the interest among the
rapport among the audience. audience. audience.
audience.
Question and The group The group The group The group
answer provides correct or provides correct or provides partly or provides incorrect
(30%) valid answers to valid answers, entirely correct or or non-sensible
the questions, explains these valid/sensible answers to the
explains these somewhat clearly, answers, explains questions raised
clearly, and and presents these somewhat but somehow
presents some clearly. provides partly or
valid/sensible valid/sensible entirely correct or
arguments to arguments to valid/sensible
support/justify the support/justify the answers through
answers to the answers to the follow-up
questions raised. questions raised. questions.
RATING

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Oral Comprehensive Exam (Individual)

CRITERIA EXCELLENT SATISFACTORY DEVELOPING BEGINNING RATING

97-100 83-96 77-82 70-76
Logic The student The student The student The student
(40%) presents logical presents logical presents partly or presents illogical
response to the response to the entirely logical response to the
problems or cases problems or cases response to the problems or cases
by showing all by showing certain problems or cases but corrects the
relevant supporting by showing solutions to these
supporting calculations or supporting problems or
calculations or proofs, and calculations or cases.
proofs, and somewhat relating proofs.
relating these these to the
solutions to the business world.
business world.
Reason The student The student The student The student
(40%) communicates communicates communicates communicates
and explains and explains and explains and explains
clearly the reason clearly the reason somewhat clearly vaguely the
behind the behind the the reason behind reason behind the
response to the response to the the response to response to the
problems or problems or the problems or problems or
cases, and cases, and cases, and cases, and does
generates interest generates some generates little not generate
and establishes interest among the interest among the interest among the
rapport among the audience. audience. audience.
audience.
Question and The student The student The student The student
answer and provides correct or provides correct or provides partly or provides incorrect
confidence valid answers to valid answers, entirely correct or or non-sensible
(20%) the questions, explains these valid/sensible answers to the
explains these somewhat clearly, answers, explains questions raised
clearly, and and presents these somewhat but somehow
presents some clearly. provides partly or
valid/sensible valid/sensible Confidence is entirely correct or
arguments to arguments to somehow valid/sensible
support/justify the support/justify the manifested. answers through
answers to the answers to the follow-up
questions raised. questions raised. questions.
Confidence is Confidence is Confidence is not
manifested. generally manifested.
manifested.
RATING

Reflection Paper

CRITERIA EXCELLENT SATISFACTORY DEVELOPING BEGINNING RATING

97-100 83-96 77-82 70-76
Quality of issues The student The student The student The student
identified identifies identifies somewhat identifies less identifies not
(40%) interesting and interesting and interesting but interesting and
relevant auditing relevant auditing somewhat not relevant
and assurance and assurance relevant auditing auditing and
issues. issues. and assurance assurance
issues. issues.
Depth and quality The student The student The student The student
(60%) provides valid, provides somewhat provides provides non-
sensible and valid, sensible and somewhat valid, sensible
logical reflection logical reflection of sensible and reflection of
of issues issues identified, logical reflection issues identified.
identified, and and provides some of issues
provides valid, valid, sensible and identified but
sensible, and logical arguments these are not
logical arguments or supports. properly

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 CRITERIA EXCELLENT SATISFACTORY DEVELOPING BEGINNING RATING
97-100 83-96 77-82 70-76
or supports. supported by
valid, sensible
and logical
arguments or
supports.
RATING

OTHER REQUIREMENTS AND ASSESSMENTS:

Aside from the final outputs, the student will be assessed at other times during the term by the
following:
• Quizzes and comprehensive exam
• Attendance, participation, and citizenship
• Peer evaluation

Peer Evaluation

CRITERIA EXCELLENT SATISFACTORY DEVELOPING BEGINNING RATING

97-100 83-96 77-82 70-76
Quality of inputs The student is The student is able The student is The student is
provided able to provide to somewhat able to not able to
(60%) inputs that are provide inputs that somewhat provide inputs
conceptual and are conceptual and provide inputs that are
practical as a practical as a that are conceptual and
response to the response to the conceptual and practical as a
problems or problems or cases practical as a response to the
cases by showing by showing all response to the problems or
all relevant relevant supporting problems or cases.
supporting calculations or cases but are
calculations or proofs, and relating not necessarily
proofs, and these solutions to supported by
relating these the business world. calculations or
solutions to the proofs.
business world.
Teamwork The student is The student is able The student is The student is
competence able to attend all to attend most not able to not able to
(including group meetings group meetings and attend most attend even one
attendance and and somehow group meetings group meeting.
attitude) demonstrated demonstrated being but somehow
(40%) being a team a team player with demonstrated
player with respect to attitude. being a team
respect to player with
attitude. respect to
attitude.
RATING

GRADING SYSTEM:

GRADE POINT DESCRIPTION PERCENTAGE

4.0 Excellent 97-100

3.5 Superior 94-96
3.0 Very Good 91-93
2.5 Good 87-90
2.0 Satisfactory 83-86
1.5 Fair 77-82
1.0 Pass 70-76
0.0 Fail Below 70

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 The percentage equivalent shall be arrived at as follows:
BASIS FINAL GRADE
Peer Evaluation 15%
Formative Assessments (Team Presentation) 45%
Summative Assessments (Individual and Group* Submission) 40%
Total 100%

*Group case presentation: A case will be assigned to each group. Each group will prepare a
presentation.

Course grade requirement is at least 83%.

LEARNING PLAN:

LEARNING MODULE TOPICS Date LEARNING ACTIVITIES

OUTCOME/S
Online class orientation Jun 29 Synchronous
Share
Aug 18 Me, My Team, and My
Expectations

LO1, LO3, LO4 PART ONE: THE CERTIFIED PUBLIC Aug 18 Asynchronous
ACCOUNTANT Read
Chapter 1 (work text)
I. THE PROFESSIONAL PRACTICE OF The Philippine Accountancy Act
ACCOUNTANCY of 2004, including its
A. The Philippine Accountancy Act of 2004 Implementing Rules and
1. Title, Declaration of Policy, Objective Regulations (IRR)
and Scope of Practice IFAC SMOs 1 to 7
2. Professional Regulatory Board of RA 10912: Continuing
Accountancy Professional Development Act
3. Examination, Registration, and of 2016
Licensure PRC Resolution 1146 Series of
4. Practice of Accountancy 2019
5. Penal and Final Provisions The Code of Ethics for
B. Professional organizations (IFAC, PICPA, Professional Accountants in the
ACPAPP, ACPACI, GACPA, nACPAE) Philippines
C. Continuing Professional Development PSA Glossary of Terms
D. Code of Ethics for Professional Accountants
in the Philippines Visit
1. Part A: General Application of the Code Websites of professional
2. Part B: Professional Accountants in organizations (IFAC, PICPA,
Public Practice ACPAPP, ACPACI, GACPA,
3. Part C: Professional Accountants in nACPAE)
Business Website of Professional
Regulation Commission (PRC)

Write
Group course notes (using
Google docs)

Synchronous
Participate
Am I ready to be a CPA?
My take on the professional
practice of Accountancy

Reflect
The practice sector that is for
me

LO1, LO2, PART TWO: THE AUDITING PROFESSION Aug 19 Asynchronous

LO4 Read
II. AUDITING, ASSURANCE, AND OTHER Chapter 2 (work text)
SERVICES Philippine Framework for
A. Assurance engagements Assurance Engagements
1. Nature, objectives, and elements (PFAE)

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 LEARNING MODULE TOPICS Date LEARNING ACTIVITIES
OUTCOME/S
2. Types (audits, reviews, other PSA 200 (Revised and
assurance engagements) Redrafted): Overall Objectives
3. Assurance vis-à-vis attestation of the Independent Auditor and
services the Conduct of an Audit in
B. Auditing Accordance with Philippine
1. Nature, philosophy, and objectives Standards on Auditing
2. Types as to nature of assertion COA Audit Manual
(financial statements, operational, Tubay (2017). Compilation
compliance) certificate: Concerns, conflicts,
and recommendations. DLSU
3. Types as to auditor (external, internal,
Business Notes and Briefings,
government)
5(3)
C. Other services and reports PSAE 3000 (Revised):
1. Review, compilation, and preparation Assurance Engagements Other
2. Attestation engagements Than Audits or Reviews of
3. Prospective financial statements Historical Financial Information
4. Agreed-upon engagements PSAE 3400: The Examination
5. Internal, operational, and government of Prospective Financial
audits Information
PSA Glossary of Terms

Visit
Websites of IIA and
Commission on Audit (COA)

Write
Group course notes (using
Google docs)

Synchronous
Participate
What makes a service an
assurance engagement?
My take on different facets of
Auditing

Reflect
The audit engagement that is
for me

LO1, LO3, III. THE PUBLIC ACCOUNTING PRACTICE Aug 20 Asynchronous

LO4 A. Management of public accounting practice Read
1. Characteristics of public accounting Chapter 3 (work text)
profession PSQC 1 (Redrafted): Quality
2. Nature of services offered Control for Firms that Perform
3. Establishment, organizational Audits and Reviews of
structure, and operations of a public Historical Financial Information,
accounting firm and Other Assurance and
4. Quality control Related Services Engagements
B. The FS audit PSA 220 (Redrafted): Quality
Control for Audits of Financial
1. Generally accepted auditing standards
Statements
(GAAS)
SEC Code of Corporate
2. Regulatory agencies (PRC, PRBOA, Governance (revised)
SEC, BIR) Sarbanes-Oxley Act
3. Clients with listed parents in the PSA Glossary of Terms
United States [Sarbanes-Oxley Act
and Public Company Accounting Watch
Oversight Board (PCAOB)] Video 1: Top accounting firms
4. Audit fees and billing in the world
Video 2: ISA 220
Video 3: Sarbanes-Oxley Act of
2002

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 LEARNING MODULE TOPICS Date LEARNING ACTIVITIES
OUTCOME/S
Write
Group course notes (using
Google docs)

Synchronous
Participate
Why is quality control important
in public accounting practice?
My take on regulatory agencies

Reflect
Do I intend to set-up my own
accounting firm in the future?

LO1, LO3, PART THREE: THE AUDIT PROCESS Aug 20 Asynchronous

LO4 Read
IV. PRE-ENGAGEMENT Chapter 4 (work text)
A. Client acceptance and initial audit PSA 210 (Revised and
planning Redrafted): Terms of
1. Auditor’s independence Engagement
2. Auditor’s competence PSA Glossary of Terms
3. Auditor’s ethical compliance
4. Client’s integrity Watch
B. Engagement letter Video 4: ISA 210
C. Modifications in terms of engagement
Write
Group course notes (using
Google docs)

Synchronous
Participate
Why is an engagement letter
important?
Should successor auditor make
specific inquiries of the
predecessor auditor?
What are the circumstances
that may necessitate a
modification in an engagement
letter?

LO1, LO3, V. PLANNING Aug 21 Asynchronous

LO4 A. Understanding client’s business and Read
industry Chapter 5 (work text)
B. Performing preliminary analytical PSA 300 (Redrafted): Planning
procedures an Audit of Financial
C. Materiality Statements
1. Financial statements as a whole PSA 320 (Revised and
2. Performance materiality Redrafted): Audit Materiality
D. Audit strategy and audit program PSA 610: Using the Work of
1. Audit risk model Internal Auditors
PSA 620: Using the Work of an
2. Types of tests
Auditor’s Expert
3. Selection of tests
PSA Glossary of Terms
4. Evidence mix
E. Other planning considerations Watch
1. Client Video 5: ISA 300
2. Client’s internal auditor Video 6: ISA 320
3. Expert Video 7: ISA 610

Write
Group course notes (using
Google docs)

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 LEARNING MODULE TOPICS Date LEARNING ACTIVITIES
OUTCOME/S
Synchronous
Participate
Why is planning important in an
FS statement audit
engagement?
How different is the application
of materiality in auditing than
that in financial accounting?

Discuss
A sample audit program

LO1, LO3, VI. RISK ASSESSMENT PROCEDURES Aug 24 Asynchronous

LO4 A. Audit risk model Read
B. Assessing acceptable audit risk Chapter 6 (work text)
C. Risk assessment procedures PSA 315 (Redrafted):
1. Inquiries, analytical procedures, Identifying and Assessing the
observation, and inspection Risks of Material Misstatement
D. Assessing inherent risk Through Understanding the
1. Understanding of the entity and its Entity and its Environment
environment PSA 240 (Redrafted): The
E. Assessing control risk Auditor’s Responsibilities
Relating to Fraud in an Audit of
1. Understanding of the entity’s internal
Financial Statements
control PSA 250: Consideration of
a. Internal control and COSO Laws and Regulations in an
framework Audit of Financial Statements
b. Document understanding of internal PSA Glossary of Terms
control
F. Relationship of risk to evidence Watch
G. Relationship of risk and materiality to audit Video 8: ISA 315 (part 1)
evidence Video 9: ISA 315 (part 2)
H. Considering error, fraud, and non- Video 10: ISA 240 (part 1)
compliance Video 11: ISA 240 (part 2)
1. Fraud risk areas Video 12: ISA 250
2. Responsibilities when fraud is
suspected Write
Group course notes (using
Google docs)

Synchronous
Participate
Why do auditors need to
assess the risk material
misstatement?
What are the components of
COSO’s internal control
framework?

Discuss
Differences between error,
fraud, and non-compliance

LO1, LO3, VII. FURTHER AUDIT PROCEDURES (TESTS Aug 25 Asynchronous

LO4 OF CONTROLS) Read
A. Responses to assessed risks Chapter 7 (work text)
1. High PSA 330 (Redrafted): The
2. Less than high Auditor’s Responses to
B. Tests of controls Assessed Risks
1. Nature, timing, and extent PSA 265: Communicating
2. Business processes and transactions Deficiencies in Internal Control
C. Deficiencies in internal control to Those Charged with
D. Documentation requirements Governance and Management
PSA Glossary of Terms

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 LEARNING MODULE TOPICS Date LEARNING ACTIVITIES
OUTCOME/S
Watch
Video 13: ISA 330 (part 1)
Video 14: ISA 265 (part 2)

Write
Group course notes (using
Google docs)

Synchronous
Participate
Why do auditors need to
assess the risk material
misstatement?
What are the components of
COSO’s internal control
framework?

Discuss
Should an auditor always test
the client’s internal control?

LO1, LO3, VIII. FURTHER AUDIT PROCEDURES Aug 26 Asynchronous

LO4 (SUBSTANTIVE TESTS) Read
A. Detection risk and substantive tests Chapter 8 (work text)
B. FS assertions PSA 500 (Redrafted): Audit
1. Transactions Evidence
2. Balances PSA 505 (Revised and
3. Presentation and disclosures Redrafted): External
C. Audit evidence Confirmations
1. Nature and types PSA 520 (Redrafted): Analytical
2. Persuasiveness Procedures
D. Nature, timing, and extent PSA 540 (Revised and
Redrafted): Audit of Accounting
E. Substantive tests of transactions
Estimates, Including Fair Value
F. Substantive analytical procedures
Accounting Estimates, and
G. Tests of details of balances Related Disclosures
H. Audit documentation PSA Glossary of Terms

Watch
Video 15: ISA 500
Video 16: ISA 505
Video 17: ISA 520
Video 18: ISA 540

Write
Group course notes (using
Google docs)

Synchronous
Participate
What is the relationship
between detection risk and
audit evidence?
Why do auditors need to
distinguish FS assertions based
on transactions, balances, and
presentation and disclosures?
What are the components of
COSO’s internal control
framework?

Reflection
How do I apply the principles of
persuasiveness of evidence in
my life as BSA student?

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 LEARNING MODULE TOPICS Date LEARNING ACTIVITIES
OUTCOME/S
LO1, LO3, IX. AUDIT SAMPLING Aug 26 Asynchronous
LO4 A. Audit risk model and sampling Aug 27 Read
B. Sampling versus non-sampling risk Chapter 9 (work text)
C. Statistical versus non-statistical sampling PSA 530: Audit Sampling
D. Probabilistic versus non-probabilistic PSA Glossary of Terms
selection
E. Sample selection methods Watch
F. Application of attribute sampling Video 19: ISA 530
G. Application of variable sampling
Write
Group course notes (using
Google docs)

Synchronous
Participate
What is the relationship
between audit risk model and
sampling?
Why do auditors need to
distinguish when to use
attribute sampling and variable
sampling?

Reflection
How do I apply the principles of
sampling in managing my
academic load this pandemic?

LO1, LO3, X. COMPLETING THE AUDIT Aug 27 Asynchronous

LO4 A. Review for contingent liabilities and Read
commitments Chapter 10 (work text)
B. Review for subsequent events PSA 560: Subsequent Events
C. Review client’s assessment of the use of PSA 570: Going Concern
the going concern assumption PSA 550: Related Parties
D. Review of related party transactions PSA 580 (Revised and
E. Communication with the audit committee Redrafted): Written
and management Representations
F. Other completion procedures PSA Glossary of Terms
1. Analytical procedures
Watch
2. Review of working papers
Video 20: ISA 560
Video 21: ISA 570
Video 22: ISA 550
Video 23: ISA 580

Write
Group course notes (using
Google docs)

Synchronous
Participate
Why are audit completion
procedures necessary in an FS
audit engagement?
How different are the analytical
procedures in audit completion
phase than in risk assessment
phase?

Reflection
How will the review of client’s
assessment of the use of the
going concern assumption be
affected by the pandemic?

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 LEARNING MODULE TOPICS Date LEARNING ACTIVITIES
OUTCOME/S
LO1, LO3, PART FOUR: THE INDEPENDENT AUDITOR’S Aug 29 Asynchronous
LO4 REPORT Read
Chapter 11 (work text)
XI. REPORT ON THE AUDIT OF FINANCIAL PSA 700 (Revised): The
STATEMENTS Independent Auditor’s Report
A. Standard unqualified report on a Complete Set of General
B. Modifications in the report Purpose FS
C. Special considerations PSA 701: Communicating Key
Audit Matters in the
Independent Auditor’s Report
PSA 705: Modification to the
Opinion in the Independent
Auditor's Report
PSA 706: Emphasis of Matter
Paragraphs and Other Matter
Paragraphs in the Independent
Auditor's Report
PSA 710: Comparatives
PSA 720: Other Information in
Documents Containing Audited
Financial Statements
PSA 800 (Revised and
Redrafted): Special
Considerations – Audits of
Financial Statements Prepared
in Accordance with Special-
purpose Frameworks
PSA 805 (Revised and
Redrafted): Special
Considerations – Audits of
Single Financial Statements
and Specific Elements,
Accounts or Items of a
Financial Statement
PSA Glossary of Terms

Watch
Video 24: ISA 700
Video 25: ISA 701
Video 26: ISA 705
Video 27: ISA 706

Write
Group course notes (using
Google docs)

Synchronous
Participate
What are the salient differences
among the four audit opinions?
How do key audit matters
matter?

Reflection
My take on the changes in the
independent auditor’s report

Independent Learning Sep 1

Summative Assessment 1 – Units 1 to 5 Aug 22
Summative Assessment 2 – Units 6 to 10 Aug 28
Summative Assessment 3 – Units 1 to 11 Aug 31
Summative Assessment 4 – Units 1 to 11 Sep 2

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REFERENCES:

1. Tugas, F.C. & Bendo, M.V.B. (2020). Auditing and assurance services: theory and practice.
2. Arens, Alvin A., Elder, Randal J., Beasley, M S., & Hogan, Chris E. Auditing & assurance
services. 16th Edition (Global Edition), Pearson Education Limited.
3. Louwers, Timothy J., Ramsay, Robert J., Sinason, David H., Strawser, Jerry R., &
Thibodeau, Jay C. Auditing & assurance services. 4th Edition, McGraw-Hill/Irwin.
4. Whittington, O.R. et. al. (latest edition). Principles of Auditing & Other Assurance Services.
5. Eilifsen, A. et. al (latest edition). Auditing & Assurance Services.
6. Rittenberg, L. et. al. (latest edition). Auditing, Concepts for a Changing Environment
7. Ricchiute, D.N. (latest edition). Auditing and Assurance Services.
8. Cabrera, M.E.B (latest edition). Principles of Auditing and Other Assurance Services.
9. Philippine Standards on Quality Control (PSQC), Philippine Standards on Auditing (PSAs),
Philippine Auditing Practice Statements (PAPSs), Philippine Standards on Review
Engagements (PSREs), Philippine Standards on Assurance Engagements (PSAEs), and
Philippine Standards on Related Services (PSRSs) issued by AASC
10. International Standards on Quality Control (ISQC), International Standards on Auditing
(ISAs), International Auditing Practice Statements (IAPSs), International Standards on
Review Engagements (ISREs), International Standards on Assurance Engagements
(ISAEs), and International Standards on Related Services (ISRSs) issued by IAASB

ONLINE RESOURCES:

1. http://www.pearson.com.au/products/A-C-Arens-Elder/Auditing-and-Assurance-Services-
Global-Edition/9781292147871?R=9781292147871
2. http://www.sec.gov.ph/
3. http://www.coa.gov.ph/
4. http://www.aasc.org.ph/
5. https://www.ifac.org/

CLASS POLICIES:
A total of 105 for a 3-unit course is the recommended work load of students.
A week of every 3-unit course will have 7.5 hours of both synchronous and asynchronous
learning activity for the students.
It is the responsibility of the student to be mindful of his/her absences/tardiness and
performance in the online class.
Instructions on how to submit assignment/activities and what kinds of documents will be
accepted are included when assignments/activities are set-up in AnimoSpace.
Specific class policies on attendance, make-up quizzes, academic honesty, grading system,
dress code, the use of other electronic gadgets and eating during online synchronous
learning activities, the minimum number of postings per week in discussions thread and any
standards for quality of participation, and others not mentioned above, are to be discussed
by the faculty member on the first day of online classes.
Properly observe the online learning decorum from the AnimoSpace Manual which can
be found in your AnimoSpace account, including the netiquettes reiterated below:
a. Treating other users with respect. Remember that you are talking with human beings
behind the screen.
b. Always using your professors’ proper title. Unless specifically invited, do not refer to them
by first name.
c. Reading all messages in a discussion thread before replying so as not to repeat
someone else’s post without adding something of your own to it
d. Using clear and concise language with correct spelling and grammar
e. Keeping discussion posts brief but thorough, on topic and within the scope of the course
material
f. Reviewing your posts before sending to ensure you are avoiding slang terms, texting
abbreviations and caps lock
g. Being open minded of other’s opinions even when they differ from your own
h. Muting your microphone in a conference if it is not your time to talk in order to minimize
background sound
i. Sending private messages to individuals instead of flooding the public chat
Please observe online consultation hours of the instructor.

MODAUDP Syllabus – Full Online 13 of 14

Prepared by: Dr. Florenz C. Tugas
Faculty, Accountancy Department

Approved by: Dr. Joy S. Rabo

Chair, Accountancy Department

Dr. Emilina R. Sarreal

Dean, RVRCOB

Auditing and Assurance Committee

June 2020

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