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    Santa Rita College of Pampanga

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    Vanessa Halili
    This document outlines the course syllabus for an Internal Auditing course. The course is 6 credit units and will be taught by Yvonne L. Tolentino. It will provide an introduction to the audit process, including understanding audit clients, internal controls, conducting analytical procedures, substantive testing, and drafting audit reports. The course content will cover topics such as auditing standards, the audit process, internal controls, substantive testing procedures, sampling, and completing an audit. Students will learn how to evaluate audit issues and prepare basic audit documentation.

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    Santa Rita College of Pampanga

    Uploaded by

    Vanessa Halili
    50 views4 pages
    This document outlines the course syllabus for an Internal Auditing course. The course is 6 credit units and will be taught by Yvonne L. Tolentino. It will provide an introduction to the audit process, including understanding audit clients, internal controls, conducting analytical procedures, substantive testing, and drafting audit reports. The course content will cover topics such as auditing standards, the audit process, internal controls, substantive testing procedures, sampling, and completing an audit. Students will learn how to evaluate audit issues and prepare basic audit documentation.

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    Audit Description

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    This document outlines the course syllabus for an Internal Auditing course. The course is 6 credit units and will be taught by Yvonne L. Tolentino. It will provide an introduction to the audit process, including understanding audit clients, internal controls, conducting analytical procedures, substantive testing, and drafting audit reports. The course content will cover topics such as auditing standards, the audit process, internal controls, substantive testing procedures, sampling, and completing an audit. Students will learn how to evaluate audit issues and prepare basic audit documentation.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    50 views4 pages

    Santa Rita College of Pampanga

    Uploaded by

    Vanessa Halili
    This document outlines the course syllabus for an Internal Auditing course. The course is 6 credit units and will be taught by Yvonne L. Tolentino. It will provide an introduction to the audit process, including understanding audit clients, internal controls, conducting analytical procedures, substantive testing, and drafting audit reports. The course content will cover topics such as auditing standards, the audit process, internal controls, substantive testing procedures, sampling, and completing an audit. Students will learn how to evaluate audit issues and prepare basic audit documentation.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 4

    Santa Rita College of Pampanga

    Santa Rita, Pampanga

    College of Accounting Technology

    COURSE SYLLABUS
    Course Title: Internal Auditing Instructor: Yvonne L. Tolentino
    Course Credit: 6 units Contact Number: 0917-574-9755

    COURSE DESCRIPTION: This course gives students an introduction to the audit planning process specifically understanding
    an audit client, studying its internal control systems, testing its control procedures, conducting an analytical procedure,
    conducting substantive testing and drafting the appropriate audit reports.
    After the course, learners are expected to evaluate issues and scenarios involving audit and related services and
    prepare basic audit documentations.

    COURSE GUIDE

    CONTENT TOPICS

    AUDIT- An Overview  Auditing defined


     Types of Audits
     Types of Auditors
     The Independent Financial Statement Audit

    The Professional Standards  Generally Accepted Auditing Standards


     Philippine Standards on Auditing
     Quality Control System

    1|Page
    The Auditor’s Responsibility  Error
     Fraud
     Noncompliance with Laws and Regulations

    The Audit Process- Accepting an Engagement  General Audit Approach


     Overview of the Audit Process
     Accepting an Engagement
     Engagement Letter

    Audit Planning  Understanding the Client’s Business and Industry


     Materiality
     Audit Risk
     Analytical Procedures
     Planning Documentation

    Consideration of Internal Control  Nature of Internal Control


     Components of Internal Control
     Consideration of Internal Control
     Communication of Internal Control Weaknesses

    Auditing in a Computerized Environment  Characteristics of CIS


     Internal Control in CIS environment
     Auditing Around the Computer
     Computer Assisted Auditing Techniques (CAAT’s)

    2|Page
    Performing Substantive Tests  Analytical Procedures
     Test of details
     Audit Evidence
     Working Papers
     Related Parties
     Using the Work of an Auditor’s Expert
     Considering the Work of Internal Auditors
     Auditing Accounting Estimates

    Audit Sampling  Sampling Risks


     Statistical and Non-statistical Sampling
     Basic Steps when Using Audit Sampling
     Sampling for Tests of Control
     Sampling for Substantive Tests

    Completing the Audit  Subsequent Events


     Litigations, Claims and Assessment
     Management Representation Letter
     Going concern
     Wrap-up Procedures

    Audit Reports on Financial Statements  The Unmodified Report


     Modification of the Report
     Reports on Consolidated Financial Statements
     Reports on Comparatives
     Special Purpose Audit Engagements

    3|Page
    Assurance and Related Services  Review of Financial Statements
     Agreed-upon Procedures Engagement
     Compilation of Financial Statements
     Assurance Engagements

    The Code of Ethics and Republic Act 9298  The Code of Ethics for Professional Accountants
     The Philippine Accountancy Act of 2004

    4|Page

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