COLLEGE : RVRCOB DEPARTMENT : Accountancy

COURSE CODE : ACYASR3 COURSE TYPE : HYBRID

CLASS DAYS AND CLASS : February 26 to April 13, 2024
TIME : K31 (MH, 1800-2115 @ EY305)
K32 (TF, 1800-2115 @ EY401)
K33 (MH, 1800-2115 @ EY308)
INSTRUCTOR NAME : K31 & K32 (Mr. Wilfredo A. Baltazar)
K33 (Dr. Jonathan P. Binaluyo)
CONTACT INFORMATION : wilfredo.baltazar@dlsu.edu.ph; jonathan.binaluyo@dlsu.edu.ph
CONSULTATION SCHEDULE : to be announced in AnimoSpace

COURSE DESCRIPTION:

This course is part of the Auditing and Assurance module. It is simultaneously being taken up with ACYASR2. It covers
the detailed approaches on problems and situations ordinarily encountered in the execution of audit plan through
independent examination of accounts comprising the investing and financing cycles of the company. The accounts included
in investing cycle are Investments (including Hedging Instruments), Property, Plant, and Equipment, Investment Property,
Non-current Assets Held for Sale, Intangibles (including Impairment). The accounts included in financing cycle are Bonds
Payable, Leases and Equity Accounts (including Share-Based Payment). It deals specifically with the application of
auditing standards, techniques and procedures, the evaluation of internal control, the preparation of audit working papers
with computer application, and the preparation of audit adjustments pertaining to a manufacturing, trading, service, and
specialized industries.

LEARNING OUTCOME (LO):

UNIVERSITY EXPECTED
LASALLIAN GRADUATE
ATTRIBUTERS (ELGA)
Critical and Creative Thinker
Effective Communicator
Reflective lifelong learner
LEARNING OUTCOMES (LO)
On the completion of the course, the student is expected to be able to:
LO1: Apply the knowledge of auditing (standards, techniques, procedures, and
internal controls) in the conduct of substantive tests of transactions,
balances, and presentation and disclosures.
LO2: Prepare and present working papers in the audit of client’s financial
statements based on relevant auditing standards and principles.
LO3: Write reflection paper identifying interesting and relevant auditing and
assurance issue and providing valid, sensible, and logical introspection by
applying fundamental auditing, assurance, and related services standards and
principles.

COURSE OUTCOMES ASSESSMENT MATRIX:

Course Program Outcomes
Learning
GO1 GO2 GO3 GO4 GO5 GO6 GO7 GO8 GO9 GO10 GO11 GO12 GO13
Outcome
LO1 P P O P O O O P P O L L O
LO2 P P O P O O O P P O L L O
LO3 P P O P O O O P P O L L O
O = Not learned in course but opportunity to be learned in the future
L = Learned in the course
P = Practiced in course

To know more about the GOs, please refer on the link below:
https://drive.google.com/file/d/1tgG89zx0wRVsQMEs0YPLhD1xT2wJYCWM/view?usp=sharing

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FINAL COURSE OUTPUT:
As evidence of attaining the above learning outcomes, the student is required to do and submit the following during the
indicated dates of the term:
LEARNING OUTCOMES (LO): REQUIRED OUTPUTS DUE DATE
LO1: Apply the knowledge of auditing Collaborative and Individual Audit Working February 26 to
(standards, techniques, procedures, and Papers using Google Sheets and Google April 13, 2024
internal controls) in the conduct of Docs.
substantive tests of transactions, balances,
and presentation and disclosures.
LO2: Present working papers in the audit of Collaborative and Individual Audit Working February 26 to
client’s financial statements based on Papers using Google Sheets and Google April 13, 2024
relevant auditing standards and principles. Docs.

LO3: Write reflection paper identifying One research article (with time sheet) on April 15, 2024
interesting and relevant auditing and issues affecting audit practices of today.
assurance issue and providing valid,
sensible, and logical introspection by
applying fundamental auditing, assurance,
and related services standards and
principles.

ANIMOSPACE (Canvas):
It is the learning management system (LMS) to be used in the conduct of the online classes. To Learn more about it,
please click the following links:
 Passport to Canvas (public Canvas course) https://www.canvas.net/browse/cn-pd/courses/passport-to-canvas (Links
to an external site.)
 Animo Space 101: https://dlsu.instructure.com/courses/13772

GRADING SYSTEM:

GRADE POINT DESCRIPTION PERCENTAGE

4.0 Excellent 97-100
3.5 Superior 93-96
3.0 Very Good 89-92
2.5 Good 85-88
2.0 Satisfactory 80-84
1.5 Fair 75-79
1.0 Pass 70-74
0.0 Fail Below 70

The percentage equivalent shall be arrived at as follows:

BASIS FINAL
GRADE
Summative Assessments 70%
Theories – Multiple Choice
Problems – Supply the Answer
Formative Assessments
Collaborative Course Notes (4%) 10%
Individual Audit Research Article (4%)
Class Standing (2%)
OBE Output 10%
Collaborative Audit Working Papers
Peer Evaluation 10%
Total 100%

Course grade requirement is at least 80%.

USE OF TECHNOLOGY
The students are encouraged to use Google Workspace (Docs, Sheets, and Slides) and Microsoft Office (Word, Excel, and
PowerPoint) in preparing the formative assessments and the OBE Output.

Students are also advised on the ETHICAL and FAIR USE of artificial intelligence in the preparation and presentation
of course requirements.

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SUMMATIVE ASSESSMENTS

Individual Audit Working Papers (Solutions to Summative Assessments)

CRITERIA EXCELLENT SATISFACTORY DEVELOPING BEGINNING RATING
(97-100) (80-96) (75-79) (70-74)
Completeness The student The student The student The student failed
(100%) provided all provided most provided some provide solutions
solutions to solutions to solutions to to problems and
problems and cases. problems and cases. problems and cases. cases.
RATING

FORMATIVE ASSESSMENTS

Collaborative Course Notes

CRITERIA EXCELLENT SATISFACTORY DEVELOPING BEGINNING RATING
(97-100) (80-96) (75-79) (70-74)
Completeness The group The group The group The group
(80%) accomplished all accomplished accomplished some accomplished a
the requirements. majority of the of the requirements. very minimal
requirements. portion of the
requirements.
Timeliness The group The group complied The group complied The group
(20%) complied with the with the with the complied the
requirement within requirement two (2) requirement five (5) requirement
the deadline. days after the days after the beyond five (5)
deadline. deadline. days after the
deadline.
RATING

Individual Audit Research Article

CRITERIA EXCELLENT SATISFACTORY DEVELOPING BEGINNING RATING
(97-100) (80-96) (75-79) (70-74)
Quality of issues The student The student The student The student
identified identifies identifies somewhat identifies less identifies not
(40%) interesting and interesting and interesting but interesting and
relevant auditing relevant auditing somewhat relevant not relevant
and assurance and assurance auditing and auditing and
issues. issues. assurance issues. assurance issues.
Depth and The student The student The student The student
quality (60%) provides valid, provides somewhat provides somewhat provides non-
sensible and logical valid, sensible and valid, sensible and sensible reflection
reflection of issues logical reflection of logical reflection of of issues
identified, and issues identified, issues identified but identified.
provides valid, and provides some these are not
sensible, and valid, sensible and properly supported
logical arguments logical arguments or by valid, sensible
or supports. supports. and logical
arguments or
supports.
RATING

OBE OUTPUT

Collaborative Audit Working Papers

CRITERIA EXCELLENT SATISFACTORY DEVELOPING BEGINNING RATING
(97-100) (80-96) (75-79) (70-74)
Quality of inputs The group presents The group presents The group presents The group
provided correct analysis, correct analysis, partly or entirely presents incorrect
(70%) conclusion, and conclusion, and correct analysis, analysis,
recommendations recommendations conclusion, and conclusion, and
to the problems or to the problems or recommendations recommendations
cases by showing cases by showing to the problems or to the problems or
all relevant certain supporting cases by showing cases but corrects
supporting calculations or supporting the solutions to
calculations or proofs, and calculations or these problems or
proofs, and relating somewhat relating proofs. cases.
these solutions to these to the
the business world. business world.

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 Completeness The group The group The group The group
(30%) accomplished all accomplished accomplished some accomplished a
the contents of the majority of the of the contents of very minimal
working papers contents of the the working papers portion of the
based on given case working papers based on given case contents of the
facts. based on given case facts. working papers
facts. based on given
case facts.
RATING

PEER EVALUATION

CRITERIA EXCELLENT SATISFACTORY DEVELOPING BEGINNING RATING

(97-100) (80-96) (75-79) (70-74)
Quality of inputs The student is The student is able The student is able The student is not
provided able to provide to somewhat to somewhat able to provide
(60%) inputs that are provide inputs that provide inputs that inputs that are
conceptual and are conceptual and are conceptual and conceptual and
practical as a practical as a practical as a practical as a
response to the response to the response to the response to the
problems or cases problems or cases problems or cases problems or cases.
by showing all by showing all but are not
relevant relevant supporting necessarily
supporting calculations or supported by
calculations or proofs, and relating calculations or
proofs, and these solutions to proofs.
relating these the business world.
solutions to the
business world.
Teamwork and The student is The student is able The student is not The student is not
collaborative able to attend all to attend most able to attend most able to attend even
skills, including group meetings group meetings and group meetings but one group meeting.
attendance and and demonstrated somehow somehow
attitude being a team demonstrated being demonstrated being
(40%) player with a team player with a team player with
respect to attitude. respect to attitude. respect to attitude.
RATING

OTHER REQUIREMENTS AND ASSESSMENTS:

Aside from the final outputs, the student will be assessed at other times during the term by the following:
 Quizzes and Comprehensive examination
 Class standing (attendance, active participation in the discussion forum, good manners and right conduct)

LEARNING PLAN:

DATE NO. OF
WEEK TOPIC LEARNING ACTIVITIES
IN-PERSON ONLINE HOURS
8 MODULE 1 February 26 & Read Relevant reporting 7.5 hours
27, 2024 and practice
AUDIT OF THE (Monday & standards
INVESTING CYCLE Tuesday)
Watch Shared videos via
Introduction Animospace Modules

Write Collaborative Course

Notes

Discuss Syllabus Overview

Industry lecture
about the audit
program for the
investing cycle

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 DATE NO. OF
WEEK TOPIC LEARNING ACTIVITIES
IN-PERSON ONLINE HOURS
8-9 MODULE 1A March 4 & 5, February 29 & Read Relevant reporting 15 hours
2024 March 1, 2024 and practice
AUDIT OF THE (Monday & (Thursday & standards
INVESTING CYCLE Tuesday) Friday)
Watch Shared videos via
Audit Program for Animospace
Debt and Equity
Investments Write Collaborative Course
Notes

Collaborative audit
working papers

Discuss Short audit cases

about the audit of
debt and equity
investments
9-10 MODULE 1B March 11 & March 7 & 8, Read Relevant reporting 13 hours
12, 2024 2024 and practice
AUDIT OF THE (Monday & (Thursday & standards
INVESTING CYCLE Tuesday) Friday)
Watch Shared videos via
Audit Program for Animospace
Non-Current Assets –
PPE, IP, and Write Collaborative Course
Intangible Assets Notes

Collaborative audit
working papers

Discuss Short audit cases

about the audit of
PPE, IP, and
Intangible Assets
10-11 MODULE 2 March 14 & Read Relevant reporting 7.5 hours
15, 2024 and practice
AUDIT OF THE (Thursday & standards
FINANCING CYCLE Friday)
Watch Shared videos via
Introduction Animospace

Write Collaborative Course

Notes

Collaborative audit
working papers

Discuss Industry lecture

about the audit
program for the
financing cycle
10 Summative Theories – Multiple 2 hours
Assessment #1 Choice (20 items)

Module 1 Problem Solving –

Supply the Answer
(15 items)
11 MODULE 2A March 18 & March 21 & Read Relevant reporting 15 hours
19, 2024 22 and practice
AUDIT OF THE (Monday & (Thursday & standards
FINANCING CYCLE Tuesday) Friday)
Watch Shared videos via
Audit Program for Animospace
Long-term Liabilities –
Bonds and Long-term Write Collaborative Course
Notes Payable Notes

Collaborative audit
working papers

Discuss Short audit cases

about the audit of
bonds payable and
long-term notes
payable

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 DATE NO. OF
WEEK TOPIC LEARNING ACTIVITIES
HOURS
12 INDEPENDENT LEARNING WEEK 15 hours
(no in-person and online synchronous classes)
13 MODULE 2B April 1 & 2, April 4 & 5 Read Relevant reporting 13 hours
2024 (Thursday & and practice
AUDIT OF THE (Monday & Friday) standards
FINANCING Tuesday) Watch
CYCLE Shared videos via
Animospace
Audit Program for Write
Shareholders’ Collaborative
Equity Course Notes

Collaborative audit
working papers
Discuss
Short audit cases
about the audit of
shareholders’ equity
accounts
13 Summative April 6, Theories – Multiple 2 hours
Assessment #2 2024 Choice (20 items)
(Saturday)
Module 2 Problem Solving –
Supply the Answer
(15 items)
14 Summative April 13, Theories and 2 hours
Assessment #3 2024 Problems –
(Saturday) Multiple Choice
Comprehensive (35 items)
Examination
14 Asynchronous Review and 13 hours
Preparation for the
April 8 to 13, Comprehensive
2024 Examination
TOTAL NUMBER OF HOURS 105
The fourth-hour activities related to the course include: (1) Video viewing; (2) Research/Group reflection paper
preparation; (3) Independent online learning/self-study sessions; (4) Problem solving and accounting exercises sessions;
and (5) Student-organized co-curricular activities

REFERENCES:
1. Tugas, F.C. & Bendo, M.V.B. (2020). Auditing and assurance services: theory and practice.
2. Arens, Alvin A., Elder, Randal J., Beasley, M S., & Hogan, Chris E. Auditing & assurance services. 16th Edition
(Global Edition), Pearson Education Limited.
3. Louwers, Timothy J., Ramsay, Robert J., Sinason, David H., Strawser, Jerry R., & Thibodeau, Jay C. Auditing
& assurance services. 4th Edition, McGraw-Hill/Irwin.
4. Whittington, O.R. et. al. (latest edition). Principles of Auditing & Other Assurance Services.
5. Eilifsen, A. et. al (latest edition). Auditing & Assurance Services.
6. Rittenberg, L. et. al. (latest edition). Auditing, Concepts for a Changing Environment
7. Ricchiute, D.N. (latest edition). Auditing and Assurance Services.
8. Cabrera, M.E.B (latest edition). Principles of Auditing and Other Assurance Services.
9. Philippine Standards on Quality Control (PSQC), Philippine Standards on Auditing (PSAs), Philippine Auditing
Practice Statements (PAPSs), Philippine Standards on Review Engagements (PSREs), Philippine Standards on
Assurance Engagements (PSAEs), and Philippine Standards on Related Services (PSRSs) issued by AASC
10. International Standards on Quality Control (ISQC), International Standards on Auditing (ISAs), International
Auditing Practice Statements (IAPSs), International Standards on Review Engagements (ISREs), International
Standards on Assurance Engagements (ISAEs), and International Standards on Related Services (ISRSs) issued
by IAASB

ONLINE RESOURCES:
1. http://www.aasc.org.ph/
2. https://www.ifac.org/
3. https://www.ifrs.org/
4. https://www.youtube.com/user/IFRSbox
5. https://www.picpa.com.ph/

COURSE SPECIFIC POLICIES:

 A total of 105 hours for a 3-unit course is the recommended work load of students.
 It is the responsibility of the student to be mindful of his/her absences/tardiness and performance in an online
class.
 This course is offered from Weeks 8 to 14 of the term, two days a week (MH or TF), 3 hours per day.
 Four (4) departmental summative assessments are required in this course.

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 Instructions on how to submit assignment/activities and what kinds of documents will be accepted are included
when assignments/activities are set-up in AnimoSpace.
 Specific class policies on attendance, make-up quizzes, academic honesty, grading system, dress code, the use of
other electronic gadgets and eating during online synchronous learning activities, the minimum number of
postings per week in discussions thread and any standards for quality of participation, and others not mentioned
above, are to be discussed by the faculty member on the first day of online classes.

DEPARTMENT POLICIES:
 If there are conflicts in the final examination schedule, follow the University policies on order of priority.
 Please observe the virtual consultation hours/schedule of the faculty member.
 For all other inquiries, please email the Course Coordinator at kenneth.decastro@dlsu.edu.ph

NETIQUETTE
When posting on the discussion boards and chat rooms, it is important to understand how to interact with one another
online through netiquette. Your AnimoSpace Manual, which can be found in your AnimoSpace account, included
the netiquettes reiterated below:
 Treating other users with respect. Remember that you are talking with human beings behind the screen.
 Always using your professors’ proper title. Unless specifically invited, do not refer to them by first name.
 Reading all messages in a discussion thread before replying so as not to repeat someone else’s post without adding
something of your own to it
 Using clear and concise language with correct spelling and grammar
 Keeping discussion posts brief but thorough, on topic and within the scope of the course material
 Reviewing your posts before sending to ensure you are avoiding slang terms, texting abbreviations and caps lock
 Being open minded of other’s opinions even when they differ from your own
 Muting your microphone in a conference if it is not your time to talk in order to minimize background sound
 Sending private messages to individuals instead of flooding the public chat

TECHNOLOGY SUPPORT
If you need technical assistance at any time or to report a problem you can contact the Information Technology Service
Office at https://www.dlsu.edu.ph/offices/its/, ITS Help Desk @ the Manila Campus Room 305, Gokongwei Hall,
De La Salle University, 2401 Taft Avenue, 1004 Manila, Philippines. E-mail at itservices@dlsu.edu.ph

RVRCOB CODE OF ETHICS

As a business leader I recognize my role in society.
 My purpose is to lead people and manage resources to promote human development and the common good and
to create value that no single individual can create alone.
 My decisions affect the well-being of individuals inside and outside my enterprise, today and tomorrow.

Therefore, I promise that:

 I will manage with loyalty and care, and will not advance my personal interests at the expense of my enterprise
or society.
 I will promote socially useful products and services which serve human development, keeping in mind reasonable
access for the poor and underprivileged.
 I will understand and uphold, in letter and spirit, the laws and contracts governing my conduct and that of my
enterprise.
 I will refrain from corruption, unfair competition, or business practices harmful to society.
 I will respect the human rights and dignity of all people affected by my enterprise, and I will oppose discrimination
and exploitation.
 I will promote a humane and enabling work community within my organization.
 I will promote the just allocation of resources for all stakeholders of the company.
 I will respect the right of future generations to advance their standard of living and enjoy a healthy planet.
 I will report the performance and risks of my enterprise accurately and honestly.
 I will invest in developing myself and others, helping the management profession continue to advance and create
sustainable and inclusive prosperity.
 In exercising my professional duties according to these principles, I recognize that my behavior must set an
example of integrity, eliciting trust and esteem from those I serve. I will remain accountable to my peers and to
society for my actions and for upholding these standards.

Adapted from:
The Global Business Oath (http://theoathproject.org/?page_id=47 )
Vocation of the Business Leader (http://www.stthomas.edu/cathstudies/cst/VocationBusinessLead/)

COVENANT FOR SHARED PROSPERITY

We therefore pledge and commit to:
 Recruit, train and develop our employees and managers to be the best that they can be irrespective of gender,
alma mater, age, ethnicity and religion; provide just compensation and benefits; promote meritocracy and
encourage work-life harmony;
 Provide only quality products and services that are of continuing value to our customers;
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  Treat our goods, service and funds providers fairly, ethically and with respect as we expect them to treat their
own workers in their supply chain the same way;
 Be actively involved in the communities where we operate in with particular attention to the needs of the
disadvantaged in those communities;
 Protect and preserve the environment for the benefit of current and future generations by employing environment
friendly technologies in all aspects of business operations; and
 Deliver reasonable and just returns to and fair treatment of our controlling and non-controlling shareholders.

*Adapted from:
Philippine Business Group's Covenant of Shared Prosperity (November 5, 2020)

Prepared by: Approved by:

Mr. Kenneth Michael A. De Castro Dr. Arnel Onesimo O. Uy Dr. Emilina R. Sarreal
Faculty, Department of Accountancy Chair, Department of Accountancy Dean, RVR College of Business

Auditing and Assurance Committee

January 2024

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