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Auditing Theory Checklist (May 2011 CPA Exam)

No. Title
Preface (Dec 2006) Preface to the International Standards on Quality control, Auditing, review, other
Assurance and Related Services and Preface to the Philippine Standards on
Quality Control, Auditing, Review, Other Assurance and Related Services
Philippine Framework for Assurance Engagements
Glossary of Terms (December 2002) [amended by PSA 220 - Revised ]
PSQC Philippine Standard on Quality Control
1 - Redrafted Quality Control for firms That Perform Audits and Reviews of Historical Financial
Information, and Other Assurance and Related Services Engagements
PSAs Philippine Standards on Auditing
120 Framework of Philippine Standards on Auditing
200 - Revised and Overall Objective of Independent Auditor and the Conduct of an Audit in
Redrafted Accordance with Philippine Standards on Auditing
210 - Redrafted Agreeing the Terms of Audit Engagements
220 - Redrafted Quality Control for an Audit of Financial Statements
230 - Redrafted Audit Documentation
240 - Redrafted The Auditor's Responsibilities Relating to Fraud in an Audit of Financial
Statements
250 - Revised and Consideration of Laws and Regulations in an Audit of Financial Statements
Redrafted
260 - Revised and Communication With Those Charge with Governance
Redrafted
265 Communicating Deficiencies in Internal Control to Those Charged with
Governance and Management
300 - Redrafted Planning on Audit of Financial Statements
315 - Redrafted Identifying and Assessing the Risks of Material Misstatements Through
Understanding the Entity and Its Environment
320 - Revised and Materiality in Planning and Performing Audit
Redrafted
330 - Redrafted The Auditors Responses to Assessed Risks
402 - Revised and Audit Considerations Relating to an Entity Using a Service Organization
Redrafted
450 - Revised and Evaluation of Misstatements Identified During Audit
Redrafted
500 - Redrafted Audit Evidence
501 - Redrafted Audit Evidence - Specific Considerations for Selected Items
505 - Revised and External Confirmations
Redrafted
510 - Redrafted Initial Audit Engagements - Opening Balances
520 - Redrafted Analytical Procedures
530 - Redrafted Audit Sampling
540 - Revised and Auditing Accounting Estimates Including Fair Value Accounting Estimated and
Redrafted Related Disclosures
550 - Revised and Related Parties
Redrafted
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560 - Redrafted Subsequent Events

570 - Redrafted Going Concern
580 -Revised and Written Representations
Redrafted
600 - Revised and Special Considerations - Audit of Group Financial Statements (Including the Work
Redrafted of Component Auditors)
610 - Redrafted Using the Work of Internal Auditors
620 - Revised and Using the Work of An Expert
Redrafted
700 - Redrafted Forming an Opinion and Reporting On Financial Statements
705 - Revised and Modification to the Opinion in the Independent Auditor's Report
Redrafted
706 - Revised and Emphasis of Matter Paragraphs and Other Matter Paragraphs in the Independent
Redrafted Auditor's Report
710 - Redrafted Comparative Information - Corresponding Figures and Comparative Financial
statements
720 - Redrafted The Auditors Responsibility in Relation to Other Information in Documents
Containing Audited Financial Statements
800 - Revised and Special Considerations - Audits of Financial Statements Prepared in Accordance
Redrafted with Special Purpose
805 - Revised and Special Considerations - Audits of Single Financial Statements and Specific
Redrafted Elements Accounts or Items of Financial Statements
810 - Revised and Engagements To Report on Summary Financial Statements
Redrafted
PAPSs Philippine Auditing Practice Statements
1000 Inter-bank Confirmation Procedures
1000Ph Audit Evidence - Practical Problems in an Audit of Financial Statements
1001Ph Guidance in Dealing with "Tentative Financial Statements"
1002Ph The Auditors Report on General Purpose Financial Statements Prepared in
Accordance with a Philippine Financial Reporting Framework other than PFRS
1003Ph Guidance in Dealing with Reports Required by the SEC Relating to Increase in
Capital Stock of a Corporation
1004 The Relationship Between Bangko Sentral ng Pilipinas (BSP) and Banks' External
Auditors
1005 Rev The Special Consideration in the Audit of Small Entities
1006 Audits of the Financial Statements of Banks
1010 The Consideration of Environmental Matters in the Audit of Financial Statements
1012 Auditing Derivative Financial Instruments [amended by PSA 220 Revised]
1013 Electronic Commerce - Effect on the Audit of Financial Statements
1014 Reporting by Auditors on Compliance with International Financial Reporting
Standards
PSREs Philippine Standards on Review Engagements
2400 Engagements to Review Financial Statements (amended in 2008)
2410 Review of Interim Financial Information Performed by the Independent Auditor
of the Entity (amended in 2008)
PSAEs Philippine Standards on Assurance Engagements
3000 Rev Assurance Engagements Other Than Audits or Reviews of Historical Financial
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Information
3400 The Examination of Prospective Financial Information - previously PSA 810
PSRSs Philippine Standards on Related Services
4400 Engagements to Perform Agreed Upon Procedures Regarding Financial
Information (Previously PSA 920)
4410 Engagements to Compile Financial Information (Previously PSA 930)
RA 9298 - Philippine Accountancy Act of 2004