Learning Environment

Date Learning Outcomes Topics Assessment

Synchronous Asynchronous Total Time
Week 1a Determine how to achieve Freshman Orientation Provide multiple-choice pop-up 90 mins 90 mins
the LOs of the course  School vision and mission, Institutional outcomes, General question to determine the students
education learning outcomes, Course syllabus, Course understanding of the course.
Learning Outcomes, Schedule
 Effective Use of Reference and Resources Advise attendees to use the CHAT
BOX, RAISE/ LOWER HAND QA
 How to Ask Questions
Tools of the webinar to assess
 Webinar guidelines learning outcome
 House Rules/ Class Policies
1. Plagiarism
2. Cheating
3. Fabrication
4. Late and Absences
5. Submission of writing papers
6. Notebook for Most Significant Learning (MSL)
7. Class Performance (Thinking and Expression)
8. Asking questions
9. No Cell phone policy
10. Email
11. Discussion groups
12. Going out of class
Course Orientation
 Quiz Rules
 Exam Rules
 Grading System
 Books and other resources
Week 1b Define and explain business Carroll: The Business and Society Relationship 90 mins
and society as foundational  Business and Society
concepts. 1. Business Defined
2. Society Defined
 Society as the Macroenvironment
1. Social Environment
2. Economic Environment Short quiz 30 mins 120 mins
3. Political Environment
4. Technological Environment
 Business and Stakeholders’ Relationship
 Business Criticism and Corporate Response
1. Factors in the Social Environment
2. Use and Abuse of Power
 3. Balancing Power with Responsibility
4. Social Contract
Week 2a Explain who business’s Carroll: The Stakeholder Approach to Business, Society, and Ethics 90 mins 90 mins
stakeholders are in primary
and secondary terms.  Origins of the Stakeholder Concept
 Who are Business’s Stakeholders?
 Stakeholder Approaches
 Three Values of the Stakeholder Model
 Stakeholder Management
 Effective Stakeholder Management
 Strategic Steps toward Global Stakeholder Management
 The Ten Principles of the UN Global Compact
(UNGlobalCompact)
 Integrated Reporting and Sustainability Reporting
(Deloitte)
Week 2b To determine the students’ Quiz 1: Business, Society, and Ethics Chapter Business, Society, and 60 mins
understanding of the topic. Ethics quiz 50 items
Review of Quiz 1 30 mins 90 mins
Week 3a Discuss the principal ways in Gramling: Chapter 2 Corporate Governance and Audits 90 mins 90 mins
which companies can
improve corporate  Corporate Governance
governance.  CG: Responsibilities and Failures
 Problems in Corporate Governance (Carroll)
 Improving Corporate Governance (Carroll)
 Sarbanes-Oxley Act of 2002
 The PCAOB (SEC for Philippines)
 Corporate Responsibility for Financial Reporting
 Enhanced Role of Audit Committees
 The Role of Shareholders (Carroll)
Week 3b Explain the role of audit  Required Audit Firm Communication to the Audit 90 mins
committee in improving Committee
corporate governance. 1. PSA 260 Communications with those Charged with
Governance
2. PSA 250 Consideration of Laws and Regulations in
an Audit of Financial Statements
 Importance of Good Governance to the Audit Short quiz 30 mins 120 mins
 PWC Governance Insights
1. What directors need to know URL Reference:
2. Divide between investors and corporates https://www.pwc.com/us/en/services/
governance-insights-
center/library/esg-environmental-
 social-governance-reporting.html
Week 4a To determine the students’ Quiz 2: Corporate Governance Concept Corporate Governance 50 items 60 mins
understanding of the topic.
Review of Quiz 2 30 mins 90 mins
Week 4b Understand the SEC Code of  SEC Code of Corporate Governance for Publicly-Listed 90 mins 90 mins
Corporate Governance for Companies
Publicly-Listed Companies.
Week 5a Understand the SEC Code of  SEC Code of Corporate Governance for Public Companies 90 mins 90 mins
Corporate Governance for and Registered Issuers
Public Companies and URL Reference:
Registered Issuers and other  ASEAN Corporate Governance Scorecard https://www.pse.com.ph/stockMarket
guidelines.  PSE Corporate Governance /pseCorporateGovernance.html?
 RA 8799 Chapter V: Reportorial Requirements ref=guidelines

https://boi.gov.ph/sdm_downloads/ra
-8799-the-securities-regulation-code/
Week 5b To determine the students’ Quiz 3: Corporate Governance Codes and Regulations Corporate Governance 50 items 60 mins
understanding of the topic. Review of Quiz 3
30 mins 90 mins
Week 6 Prelim Examination Prelim Examination 70 items
150 mins 150 mins
Week 7a Review of Prelim Examination Prelim Examination 70 items 90 mins 90 mins

Week 7b Distinguish between risk Gramling: Chapter 4 Audit Risk and Business Risk 90 mins 90 mins
management, issue  Risk Management (Carroll)
management, and crisis  Issue Management (Carroll)
management.  Crisis Management (Carroll)
 Nature of Risk
 Managing Engagement Risk through Client Acceptance and
Retention Decisions
 Managing Audit Risks
1. PSA 315 Identifying and Assessing the Risk of
Material Misstatements through understanding the
Entity and its Environment
2. PSA 330 The Auditor’s Responses to Assessed
Risks
Week 8a To determine the students’ Quiz 4 Audit Risk, Business Risk, and Risk Management Audit Risk, Business Risk, and Risk 60 mins
understanding of the topic. Review of Quiz 4 Management 50 items
30 mins 90 mins
Week 8b Define business ethics and Gramling: Chapter 3 Judgmental and Ethical Decision-Making 90 mins 90 mins
exhibit proper judgments. Frameworks and Associated Professional Standards
  The Public’s Opinion of Business Ethics (Carroll)
 Business Ethics (Carroll)
 Ethics Issues Arise at Different Levels (Carroll)
 A General Decision-Making Framework
 An Ethical Decision-Making Framework
 The Sarbanes-Oxley Act of 2002 as a Reaction to Ethical
Lapses
Week 9a Understand the IFAC Code  Approaches to Professional Codes of Ethics 90 mins
of Ethics for Professional 1. IFAC 2018 Code of Ethics for Professional
Accountants. Accountants: Part I and Part II
 Further Considerations Regarding Auditor Independence

Short quiz

30 mins 120 mins

Week 9b Explain the professional Gramling: Chapter 17 Professional Liability 90 mins
liability of accountants and  The Legal Environment
auditors.  Basic Legal Concepts
 Legal Precedence: Liability to Clients and Third Parties
under Common Law and Statutory Law
 Minimizing Liability Exposure
Short quiz 30 mins 120 mins
Week 10a To provide solutions to Case Study 1: Risk Management and Ethical Concerns Risk Management and Ethical 90 mins 90 mins
different case studies. Concerns (Group Activity)
Week 10b To provide solutions to Case Study 1: Risk Management and Ethical Concerns - Risk Management and Ethical 90 mins 90 mins
different case studies. Presentation Concerns (Group Activity)
Week 11a To determine the students’ Quiz 5: Judgment, Ethics, and Professional Liability Judgment, Ethics, and Professional 60 mins
understanding of the topic. Review of Quiz 5 Liability 50 items
30 mins 90 mins
Week 11b Rest Day / Contingency Time

Week 12 Midterm Examination Midterm Examination 70 items

150 mins 150 mins
Week 13a Review of Midterm Examination Midterm Examination 70 items 90 mins 90 mins

Week 13b Define the various types of Gramling: Chapter 9 Auditing for Fraud 90 mins 90 mins
fraud that affect  Fraud and Auditor Responsibilities
organizations.
1. Types of Fraud
 2. Fraud Triangle
 Auditing Standards – More Responsibility
1. PSA 240 The Auditor’s Responsibilities relating to
Fraud in an audit of Financial Statements
2. PSA 320 Revised and Redrafted and PSA 450:
Materiality in Planning and Performing an Audit,
and Evaluation of Misstatements Identified during
the Audit
 Forensic Accounting
Week 14a To determine the students’ Quiz 6: Auditing for Fraud Auditing for Fraud 50 items 60 mins
understanding of the topic.
Review of Quiz 6 30 mins 90 mins
Week 14b Define internal control as Gramling: Chapter 5 Internal Control over Financial Reporting 90 mins 90 mins
presented in COSO’s 2013  Importance of Internal Control over Financial Reporting
Internal Control – Integrated (Carroll)
Framework and identify the  Importance of Internal Control to Financial Statement
components of internal Audits
control. 1. COSO’s Internal Control – Integrated Framework
Week 15a Describe the responsibilities  Auditor Evaluation of Internal Controls 90 mins
of the management and 1. PSA 265 Communicating Deficiencies in Internal
auditors relating to internal Control to those Charged with Governance and
control. Management
 Management’s Responsibilities Related to Internal Control
over Financial Reporting (Carroll)
 Management Reports on Internal Control over Financial Short quiz 30 mins 120 mins
Reporting
 Management Evaluation of Internal Controls
 Documenting the Auditor’s Understanding and Assessment
of an Organization’s Internal Control
Week 15b To provide solutions to Case Study 2: Fraud and Internal Control Assessment Fraud and Internal Control 90 mins 90 mins
different case studies. Assessment (Group Activity)
Week 16a To provide solutions to Case Study 2: Fraud and Internal Control Assessment - Presentation Fraud and Internal Control 90 mins 90 mins
different case studies. Assessment (Group Activity)
Week 16b To determine the students’ Quiz 7: Internal Control over Financial Reporting Internal Control over Financial 60 mins
understanding of the topic. Review of Quiz 7 Reporting 50 items
30 mins 90 mins
Week 17a Grades and Target Score, and Final Coaching Individual Advisory 90 mins 90 mins

Week 17b Rest Day / Contingency Time

Week 18 Final Examination Final Examination 70 items
150 mins 150 mins
Week 19 Review of Final Examination Final Examination 70 items 90 mins 90 mins

Week 20 Removal Examination Removal Examination 70 items

150 mins 150 mins