KEMBAR78
Audit Theory Topic Outline | PDF | Internal Control | Audit
Scribd
Upload
263 views3 pages

Audit Theory Topic Outline

The document outlines a 14-module training course on auditing. Module topics include orientation, auditing overview, professional standards, auditor responsibility, the audit process, audit planning, internal controls, computerized environments, substantive tests, audit sampling, completing the audit, audit reports, assurance services, and ethics. Time allotments range from 1 to 6 hours with most modules allotted 3 hours. The document provides detailed sub-topics to be covered within each module.

Uploaded by

Abegail Kaye Biado
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
263 views3 pages

Audit Theory Topic Outline

The document outlines a 14-module training course on auditing. Module topics include orientation, auditing overview, professional standards, auditor responsibility, the audit process, audit planning, internal controls, computerized environments, substantive tests, audit sampling, completing the audit, audit reports, assurance services, and ethics. Time allotments range from 1 to 6 hours with most modules allotted 3 hours. The document provides detailed sub-topics to be covered within each module.

Uploaded by

Abegail Kaye Biado
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
You are on page 1/ 3

TOPICS / MODULE DESCRIPTIONS ALLOTED TIME

M1. ORIENTATION ON BLENDED 1 hr


LEARNING/VIRTUAL CLASSROOM
M2. AUDIT – AN OVERVIEW 2 hrs
A. Auditing Defined
B. Types of Audits
C. Types of Auditors
D. The Independent Financial Statement Audit

M3. THE PROFESSIONAL STANDARDS 3 hrs


A. Generally Accepted Auditing Standards
B. Philippine Standards on Auditing
C. Quality Control System

M4. THE AUDITOR’S RESPONSIBILITY 3 hrs


A. Error
B. Fraud
C. Noncompliance with Laws and Regulations

M5. THE AUDIT PROCESS – ACCEPTING AN 3 hrs


ENGAGEMENT
A. General Audit Approach
B. Overview of the Audit Process
C. Accepting and Engagement
D. Engagement Letter

M6. AUDIT PLANNING 3 hrs


A. Understanding the Client’s Business and
Industry
B. Materiality
C. Audit Risk
D. Analytical Procedures
E. Planning Documentation

M7. CONSIDERATION OF INTERNAL CONTROL 6 hrs


A. Nature of Internal Control
B. Components of Internal Control
C. Consideration of Internal Control
D. Communication of Internal Control
Weaknesses
TOPICS / MODULE DESCRIPTIONS ALLOTED TIME

M8. AUDITING IN A COMPUTERIZED 3 hrs


ENVIRONMENT
A. Characteristics of CIS
B. Internal Control in a CIS Environment
C. Auditing Around the Computer
D. Computer Assisted Audit Techniques
(CAATs)

M9. PERFORMING SUBSTANTIVE TESTS 6 hrs


A. Analytical Procedures
B. Test of Details
C. Audit Evidence
D. Working Papers
E. Related Parties
F. Using the Work of an Auditor’s Expert
G. Considering the Work of Internal
Auditors
H. Auditing Accounting Estimates

M10. AUDIT SAMPLING 6 hrs


A. Sampling Risks
B. Statistical and Non-statistical Sampling
C. Basic Steps when Using Audit Sampling
D. Sampling for Tests of Control
E. Sampling for Substantive Tests

M11. COMPLETING THE AUDIT 6 hrs


A. Subsequent Events
B. Litigations, Claims and Assessment
C. Management Representation Letter
D. Going Concern
E. Wrap-up Procedures

M12. AUDIT REPORTS ON FINANCIAL STATEMENTS 6 hrs


A. The Unmodified Report
B. Modification of the Report
C. Reports on Consolidated Financial
Statements
D. Reports on Comparatives
E. Special Purpose Audit Engagements
TOPICS / MODULE DESCRIPTIONS ALLOTED TIME

M13. ASSURANCE AND RELATED SERVICES 3 hrs


A. Review of Financial Statements
B. Agreed-upon Procedures Engagement
C. Compilation of Financial Statements
D. Assurance Engagements

M14. THE CODE OF ETHICS AND REPUBLIC ACT 3 hrs


9298
A. The Code of Ethics for Professional
Accountants
B. The Philippine Accountancy Act of 2004

You might also like