Sy, Sharmaine F.

AY 2014-2015 Term 2

11007699 - K31

Prof. Archimedes E. Ibay

REVAUDI
Table Of Contents
I.
II.

The CPA Licensure Examination Syllabus

Quiz on Audit of Cash and Receivables (November 19, 2014)

III.

1st Comprehensive Exam (November 12, 2014)

IV.

Quiz on Audit of Shareholders Equity

V.

Comprehensive Auditing Problems

VI.

Audit of Cash

a.
b.
c.
d.
e.
a.
b.
c.
d.
e.
f.
g.
h.
i.
a.
b.

a.
b.
c.
d.
e.
f.
g.
h.
a.
b.
c.
d.

Problem No. 1- NUNAL COMPANY

Problem No. 2- SABILA COMPANY
Problem No. 3- PYTHAGORAS CORPORATION
Problem No. 4- MOLAVE CO.
Problem No. 5- FE COMPANY
Problem No. 1- LESSEE COMPANY
Problem No. 2- M COMPANY
Problem No. 3- ANDES CORPORATION
Problem No. 4- DAFFODIL AUTO PARTS
Problem No. 5- GAVIAL, INC.
Problem No. 6- SAXOPHONE COMPANY
Problem No. 7- SAMANTHA CORP.
Problem No. 8- SISON CORPORATION
Problem No. 9- CARABAO COMPANY

Part 1- Audit Procedures

Part 2- Auditing Problems
1. Problem No. 1- ALGERIA COMPANY
2. Problem No. 2- BOLIVIA COMPANY
3. Problem No. 3- CANADA COMPANY
4. Problem No. 4- DENMARK COMPANY
Problem No. 1- TGR COMPANY
Problem No. 2- HABAGAT, INC.
Problem No. 4- MINA MINING CO.
Problem No. 5- SANTOL CORP.
Problem No. 6- DONNA MANUFACTURING COMPANY
Problem No. 7- SALUYOT COMPANY
Problem No. 8- SAN FELIPE TRADING CORPORATION
Problem No. 9- ZAIDE COMPANY and LOVEY CORPORATION
Audit Objectives
Audit Program
Internal Control Questionnaire
Auditing Problems

1.
2.
3.
4.
5.
6.
7.
8.

Problem No. 1- DION COMPANY

Problem No. 2- BAHT COMPANY
Problem No. 3- RINGGIT COMPANY
Problem No. 4- RAKI-RAKI, INC.
Problem No. 5- FE COMPANY
Problem No. 6- ALEX COOPIT
Problem No. 7- DINAR COMPANY
Problem No. 8- AUDITING THEORY

VII.

Audit of Receivables

VIII.

Audit of Inventories

IX.

Audit of Property, Plant and Equipment

X.

Audit of Investments

a.
b.
c.
d.

a.
b.
c.
d.

a.
b.
c.
d.

a.
b.
c.
d.

Audit Objectives
Audit Program
Internal Control Questionnaire
Auditing Problems
1. Problem No. 1- JOHN, INC.
2. Problem No. 2- DOK INC.
3. Problem No. 3- LENNON ASSOCIATES
4. Problem No. 4- AUDITING THEORY
Audit Objectives
Audit Program
Internal Control Questionnaire
Auditing Problems
1. Problem No. 1- BIRD COMPANY
2. Problem No. 2- FIRST LOVE CORPORATION
3. Problem No. 3- MANDALUYONG COMPANY
4. Problem No. 4- MALABON SALES COMPANY
5. Problem No. 5- AUDITING THEORY
Audit Objectives
Audit Program
Internal Control Questionnaire
Auditing Problems
1. Problem No. 1- BDM MANUFACTURING COMPANY
2. Problem No. 2- M COMPANY
3. Problem No. 3- LUMOBO CORPORATION
4. Problem No. 4- KAZOO COMPANY
5. Problem No. 5- MINA MINING CO.
6. Problem No. 6- AUDITING THEORY
Audit Objectives
Audit Program
Internal Control Questionnaire
Auditing Problems
1. Problem No. 1- MAGNOLIA CORP.
2. Problem No. 2- MAYON CORPORATION
3. Problem No. 3- FISHING CORPORATION

4.
5.
6.

Problem No. 4- CABBAGE COMPANY

Problem No. 5- DURIAN CORP.
Problem No. 6- AUDITING THEORY

XI.

Audit of Intangibles

XII.

Audit of Liabilities

XIII.

Audit of Shareholders Equity

a.
b.
c.
d.

a.
b.
c.
d.

a.
b.
c.
d.

Audit Objectives
Audit Program
Internal Control Questionnaire
Auditing Problems
1. Problem No. 1- ZERG CORPORATION
2. Problem No. 2- TERRAN COMPANY
3. Problem No. 3- REGAL CORP.
4. Problem No. 4- AUDITING THEORY
Audit Objectives
Audit Program
Internal Control Questionnaire
Auditing Problems
1. Problem No. 1- SAN PEDRO CO. and SAN PABLO CO.
2. Problem No. 2- FEEL NA FEEL, INC.
3. Problem No. 3- BIBI COMPANY
4. Problem No. 4- JOLINNA C. RODELS MUSIC EMPORIUM
5. Problem No. 5- AUDITING THEORY

Audit Objectives
Audit Program
Internal Control Questionnaire
Auditing Problems
1. Problem No. 1- BOOMPANES COMPANY
2. Problem No. 2- BERNADETTE CO.
3. Problem No. 3- CHINITO COMPANY, BURITO CO. and CHIQUITO COMPANY
4. Problem No. 4- BEBE CO.
5. Problem No. 5- BAHRAIN CORPORATION
6. Problem No. 6- CITY CORPORATION
7. Problem No. 7- SHARE OPTIONS
8. Problem No. 8- SHARE APPRECIATION RIGHTS
9. Problem No. 9- CASH OR EQUITY ALTERNATIVE
10. Problem No. 10- AUDITING THEORY