AUDITING THEORY
STUDY GUIDE
MAY 2024 BATCH
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IMPORTANT NOTE:
Practice and Regulation of the Accountancy Profession
Code of Ethics for Professional Accountants in the Philippines
Fundamentals of Assurance Services
Introduction to Auditing
Preliminary Engagement Activites
Audit Planning
Study and Evaluation of Internal Control
Auditing in an IT Environment
Business Processes (Transaction Cycles)
Fraud, Error, and Non-compliance
Evidence and Performance of Substantive Testing
Approaches of Gathering Evidence and Audit Sampling
Completing the Audit
Audit Documentation and Communication with TCWG
System of Quality Management
Audit Reporting (General-Purpose FS)
Other Engagements
The study guide is just a guide and may be modified by the reviewee in a way that will best suit his/her study habits and lea
FAST-PACED
Month Week Category
November 1 Category 1
2 Category 2
3 Category 3
4 Category 4
December 1 Category 5
2 Category 6
3 Category 7
4 BREAK - PRACTICE… PRACTICE… PRACTICE…
January 1 BREAK - PRACTICE… PRACTICE… PRACTICE…
2 Category 8
3 Category 9
4 Catch-up backlogs and prepare for the first preboard
5 Catch-up backlogs and prepare for the first preboard
February 1 FIRST PREBOARD
2 Category 10
3 Category 11
4 Category 12
March 1 Category 13
2 Category 14 and 15
3 Category 16
4 BREAK - PRACTICE… PRACTICE… PRACTICE…
April 1 Category 17
2 Catch-up backlogs and prepare for the final preboard
3 Catch-up backlogs and prepare for the final preboard
4 FINAL PREBOARD
May 1 PREWEEK Discussion
MAY 2024 LECPA
SLOW-PACED
Month Week
September 1
2
3
4
October 1
2
3
4
5
November 1
2
3
4
December 1
2
3
4
January 1
2
3
4
5
February 1
2
3
4
March 1
2
3
4
April 1
2
3
4
May 1
MAY 2024 LECPA
It is highly recommended to fo
per subject, especially for the
SLOW-PACED
Category Month
Category 1 January
Category 2
Recall concepts for Categories 1 and 2 by answering self-test quizzers
Recall concepts for Categories 1 and 2 by answering self-test quizzers
Category 3
Category 4 February
Category 5
Recall concepts for Categories 3 to 5 by answering self-test quizzers
BREAK - PRACTICE… PRACTICE… PRACTICE…
Category 6 March
Category 7
Recall concepts for Categories 6 and 7 by answering self-test quizzers
Recall concepts for Categories 1 to 7 by answering self-test quizzers
Category 8 April
Category 9
Category 10
BREAK - PRACTICE… PRACTICE… PRACTICE…
May
BREAK - PRACTICE… PRACTICE… PRACTICE…
Category 11
Category 12
Recall concepts for Categories 1 to 9 and prepare for the first preboard
Recall concepts for Categories 1 to 9 and prepare for the first preboard
FIRST PREBOARD
Recall concepts for Categories 10 to 12 by answering self-test quizzers
Category 13 and 14
Category 15
Recall concepts for Categories 1 to 15 by answering self-test quizzers
Category 16
Category 17
BREAK - PRACTICE… PRACTICE… PRACTICE…
Recall concepts for Categories 16 to 17 by answering self-test quizzers
Recall concepts for ALL TOPICS and prepare for the final preboard
Recall concepts for Categories ALL TOPICS and prepare for the final preboard
FINAL PREBOARD
PREWEEK Discussion
MAY 2024 LECPA
t is highly recommended to focus on one subject per day to cover the scheduled categories
per subject, especially for the first month to catch-up with fast-paced program.
LATE ENROLLEE
Week Category
1 Category 1
2 Category 2
3 Categories 3 and 4
4 Categories 5 to 7
5 Categories 8 and 9
1 FIRST PREBOARD
2 Category 10
3 Category 11
4 Category 12
1 Category 13
2 Category 14 and 15
3 Category 16
4 BREAK - PRACTICE… PRACTICE… PRACTICE…
1 Category 17
2 Catch-up backlogs and prepare for the final preboard
3 Catch-up backlogs and prepare for the final preboard
4 FINAL PREBOARD
1 PREWEEK Discussion
MAY 2024 LECPA
