Auditing and Assurance Principles (3107) 7:30-8:30 MWF

This course 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 and external auditing, internal controls, manual records, audit objectives, audit techniques, audit programs and procedures, and audit reports. Ethical standards affecting the accountancy profession are also taken up.