Day 1 - Afternoon (PM)
Auditing
Auditing Theory and Practice
Auditing covers the theoretical and practical aspects of external auditing. Topics include Philippine Standards on Auditing (PSA), audit planning and risk assessment, internal control evaluation, substantive procedures, audit evidence, audit reports, professional ethics, and quality control. Understanding the audit process flow is essential.
Exam Details
Day 1
Afternoon (PM)
70 MCQs
50% Theory / 50% Problem-Solving
75% Passing
Min 65% per subject
Topics Covered in Auditing
Philippine Standards on Auditing (PSA)
Audit Planning and Materiality
Risk Assessment Procedures (PSA 315)
Internal Control Evaluation
Fraud Risk Assessment (PSA 240)
Audit Evidence and Documentation (PSA 500)
Substantive Procedures
Audit of Specific Accounts
Audit Reports and Opinions (PSA 700 Series)
Attestation and Assurance Services
Professional Ethics (Code of Ethics)
Quality Control Standards
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Mock Exams
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