Republic of the Philippines

Laguna State Polytechnic University

Province of Laguna

College of Business Management and Accountancy

An Outcomes-Based Learning Program

I.UNIVERSITY

VISION: The Laguna State Polytechnic University shall be the Center for Sustainable Development transforming lives and communities.

MISSION: LSPU provides quality education through responsive instruction, distinctive research, and sustainable extension and production
services for improved quality of life towards nation building.

QUALITY POLICY: We, at LSPU are committed with continual improvement to provide quality, efficient services to the university stakeholders’
highest level of satisfaction through a dynamic and excellent management system imbued with utmost integrity, professionalism and innovation

AN OUTCOMES-BASED LEARNING PROGRAM (Syllabus)

Program: BSPart 1.
Accountancy (BSA) COURSE DESCRIPTION Academic Year: 2020-2021
Course Title:This
Auditing
courseand Assurance
provides anPrinciples (PRE to
introduction 1) the “Universe of CPA services” comprising two broad categories:
Semester:Assurance
FirstServices
Prerequisites: Intermediate Accounting 2 (AE 16) No. of units: 3 No.of
and Non-Assurance Services; discuss the relevance of a Code of Ethics for Professional Accountants and the Principles of Good
Hours: 54
Governance. The course also provides a clear standpoint of the new auditing environment to students throughout their
undergraduate level on Auditing and Assurance Principles Course.

Rationale: This course is designed to make students familiar with a risk-based managerial environment in which
audits are conducted and the process, methods and standards auditors follow in conducting the audits.

Focus: Emphasis is placed on understanding the basic principles and fundamentals of Assurance Services and
LSPU-ACAD-SF-015 theRev. 0
Professional Ethics in the Practice10
of August 2018
Accounting.
Outcome: Enhanced the learning process of students and the preparedness of accounting graduates who wish to
review/take the CPA Licensure Examination.
Part 2. Outcomes-Based Macro Curriculum Framework

Intended Learning Outcomes (ILOS)

Institutional (IILOs) Program Intended Learning Course Intended Learning Outcomes
Outcomes
LSPU Graduate Attributes When you have fully completed When you have fully completed PRE 1– Auditing and
the Bachelor of Science in Assurance Principles, you will be able to demonstrate:
LSPU Graduate is expected to be a: Accountancy (BSA) Program, you
should be graduates who:
INTEGRITY

1. Responsible and Upright Will become a responsible Increased professional competence and confidence in
Citizen, who is capable of professional holding out himself the field of accounting and auditing.
achieving high level as one skilled in the knowledge,
personal well-being science and practice of
contributive to the harmony accounting.
and betterment of the
profession, family, society
and nation.

LSPU-ACAD-SF-015 Rev. 0 10 August 2018

2. Compassionate Leader, who Can conduct himself at a higher Capability to maintain a high level of professional
is an advocate of good level of integrity capable of conduct recognizing the importance in complying with
governance and quality considering public interest as a relevant laws and regulations.
management for a quality priority than self-interest.
life.

3. Professionally Skilled, who Will become a proficient and Ability to solve and evaluate more complex problems in
applies technological as competent professional even business arrangements/engagements.
worker-leader in the field of in the global world applying
expertise apt to the global his expertise and knowledge in
PROFESSIONALISM

needs. accounting.

4. Effective Communicator, Can communicate effectively The effectiveness of information and communication in
who is proficient in the both orally and in writing fully one’s personal and business life.
exchange of information equipped with good presentation
orally and in writing both in skills.
English and in Filipino in
interpreting, expressing and
negotiating meanings in
relevant settings for lifelong
learning.

LSPU-ACAD-SF-015 Rev. 0 10 August 2018

An alternative solutions that is outside the “box.” Can
5. Creative Critical Can link data, knowledge and convert complex problems to a simple but practical one,
Thinker, who articulates insights from various sources and beneficial to families and communities.
and produces discipline in the current techno-
entrepreneurial resources environment.
INNOVATION

extended to families and

community for
improvement.

6. Competent Research Can evaluate and process data The importance of solving problems objectively and
Oriented Individual, who is logically considering the various analyzing data/facts methodically and logically
able to analyze facts threats and risk in an considering the available resources, process and
methodically, discover and environment thereby bringing technology on hand.
establish new theory to use good results beneficial to the
in solving problems and community.
decision making
contributory to the
sustainability of the needs
of the community.

Part 3 – Curriculum Mapping

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LSPU-ACAD-SF-015 Rev. 0 10 August 2018
Intended Learning Assessment Time
Objectives Course Contents Learning Activities Tasks Frame

 Define Assurance 1. Fundamentals of Assurance Services  Lecture via Recitation Weeks 1 to

Services its scope, 1.1 The Concept of Assurance zoom/google.mee Reporting 2
1.1.1 Examples of Economic Seatwork
Part 4. Teaching
nature and objectives. t (slides and or
and Learning Matrix
 Discuss the Five (5) Decisions Made by Users of /power point Assignment
Elements of Assurance Financial Statements(Table 1-1) presentations) Quiz
Services. 1.2. Assurance Services  Reporting on
 Identify the Parties 1.2.1 Nature and objective selected topics
Involved in 1.3. Elements of Assurance (on line and via
determining Engagements Email/Facebook-
engagement 1.3.1 Three-party Relationship messenger)
requirements. 1.3.1.1 Examples of Responsible  On line discussion
 Classify assurance Parties & Intended Users and sharing on the
engagements (Table 1-2) practical
 according to structure 1.3.1.2 Practitioner application of
and according to level 1.3.1.3 Responsible Party concepts, focusing
of assurance provided. 1.3.1.4 Subject Matter, Subject Matter on the elements of
Information, & Responsible Assurance
 Discuss the meaning of
Party in a Financial Statement Engagements
assertion-based
Audit(Table 1 – 3)
engagements and give
1.3.1.5 Extent of Responsibility of the
examples.
Responsible Party(Table 1-4)
 Differentiate Assurance
1.3.1.4 Intended Users
Services from Non-
1.3.1.5 Parties Involved in determining
Assurance Services
Engagement Requirements
Engagements.

1.3.1.6 Assurance engagements for a

 Identify the Services
Specific Purpose
under each
1.3.2 Subject Matters
Classification.
1.3.2.1 Examples of Subject Matter and
Subject Matter Information
(Table 1 -5)
LSPU-ACAD-SF-015 Rev. 0 1.3.3 Suitable Criteria 10 August 2018
1.3.3.1 Examples of Assurance
Engagements & Applicable
Formal Criteria(Table 1 -6)
1.3.3.2 Characteristics of Suitable
PART 5. REFERENCES:
Suggested textbook: Auditing and Assurance Principles (2018 Edition)
By: Jose M. Ireneo, Shirley C. Ireneo
And George R. James

Other Reference/s: Comprehensive CPA Reviewer in Auditing Theory(2008 Edition)

By: Ma. Elenita Balatbat Cabrera

Auditing Theory or Students & Practice Guide for Auditors(2015 Edition)

By: Concepcion Rasalan-Racaza, Rosalinda Datu-Evangelista

Auditing and Assurance Services:Theory and Principles(2021 Edition)

By: Raymund Francis A. Escala, Rein Ronald C. Bercasio

Reviewer Materials from various Review Schools

MATERIALS: LCD, Laptop, Slide presentations, Videos, Sample Audit Reports and Other
Documents

PART 6. LEARNER ASSESSMENT (GRADING SYSTEM)

Criteria Percentage(%)
Attendance 10%

Participation 30%
Activity 20%
Recitation 10%
Quizzes 30%
Major Exam 30%

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Midterm Exam 15%
Final Exam 15%

Total 100%

Part 7. Course Policies

1. Student is expected to attend and complete the scheduled 54 hours on line sessions for the given coursework through their presents in virtual discussion
of lesson.
2. It is the student responsibility to inform the instructor/professor of his inevitable skipping of classes and a formal notice in advance of excuse in classes
should be made. Students following these procedures will be permitted to make up both assignments and examinations in consultation with faculty.
Unexcused absences and unexcused skipping or non-appearance in virtual session may affect student’s grade.
3. When, in the judgement of the instructor, a student has been absent to such a degree as to impair his/her status relative to credit for the course, the
faculty can drop the student from the class with a grade of 5.0 before the course-drop deadline.
4. In the classroom and in all other academic activities, students are expected to uphold the highest standard of academic integrity and any form of
scholastic dishonesty is not allowed.
5. Active participation of everybody is enjoined during the online presentation of the topic.
6. Student is responsible for meeting all requirements and observing every deadline.

Prepared by: Reviewed by: Approved:

Margie V. Oficial, CPA, MBA, CESE Wilfredo V. Dangue, CPA, MBA Marcial M. Bandoy, Ed. D.
Faculty Program Coordinator Dean/Associate Dean

LSPU-ACAD-SF-015 Rev. 0 10 August 2018

LSPU-ACAD-SF-015 Rev. 0 10 August 2018
LSPU-ACAD-SF-015 Rev. 0 10 August 2018