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AUDITING THEORY
3 units
Pre-requisite: FA 311, FA 321, FA 323, FA 411
This course is designed to provide students with the knowledge
and understanding of the fundamental theory of auditing 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, Philippine Standards on
Auditing, and the Philippine Accountancy Act of 2004 relating to
internal and external auditing, internal controls, audit objectives,
audit techniques, audit programs and procedures, and audit
reports. Ethical standards affecting the accountancy profession
are also taken up.
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