This course is designed for COA auditors to have adequate knowledge of the new government accounting system.
It covers discussion of the budget process and accounting operations involving the accounting of appropriations, allotment income and collection, expenditures and disbursements. Participants are also taught how the Trial Balance and the Financial Statements are analyzed.
This course is to assists the auditor in the evaluation of internal controls of the auditee and recommends improvements thereon. It also focuses on financial audits in line with the 3rd standard of field work, which requires auditors to determine the degree of reliance they can place on the system as a basis for determining the extent of their substantive tests.
This course will enable participants to understand the systems adopted in government expenditures. It focuses on the various accounting and auditing requirements, rules and regulations pertaining to the disbursements of funds, particularly those covering personal services, traveling expenses, procurement of supplies and materials, repairs and maintenance of motor vehicles and government facilities, capital outlay and other forms of expenditures. It likewise focuses on the appropriation and fund allotment system of the government. To avoid unnecessary suspensions and disallowances in audit, auditors are exposed to different situations through case studies which will also be used to reinforce the lecture discussion.
This course provides the participants the knowledge and skills in the audit of cash. Case studies are used to simulate the scenario of auditing the cash account to develop in the participants the skills in applying techniques to identify irregularities and detect fraud in the handling of cash. During workshops, outputs of participants will be processed and inputs on laws, rules and regulations related to audit of cash shall be provided. They shall be required to perform the actual conduct of cash examination through job execution test (JET)
In this course, the participants will be provided with an understanding of the types and standards of audit evidence. They will also learn the methods to obtain evidence needed to support their reports and meet professional standards.
This course is designed to build on the participants' understanding of the basic accounting model and the accounting rules for the measurement of assets, liabilities, and equity. Emphasis is placed on understanding the underlying economic substance of the transactions.
This course focuses on how to perform auditing procedures for revenues. Discussions include illustrative auditing procedures and the affects of assessed levels of risk of material misstatement on the design and performance of substantive procedures. Among the topics covered are; key accounting and auditing standards affecting revenues; understanding relevant assertions for revenues; Basic auditing procedures for revenues; Effects of risk of material misstatement on revenues auditing procedures; designing and using the most efficient documentation for revenues auditing procedures.