Course Description

Quality and transparent financial reporting can only be attained if and when the financial statements are prepared in accordance with the relevant financial reporting framework such as the PFRS or the PFRS for SMEs together with additional disclosures, as are necessary.


On the other hand, proper auditing of SMEs is equally important. The audit process lends credibility to management-prepared financial statements. To do achieve this, the audit of any entity, large or small, profit or non-profit, must be carried out in compliance with the Philippine Standards on Auditing (PSAs).

PSAs apply in the audit of small and medium-sized entity (SME) clients. But how to apply the requirements of the PSAs in the audit of SMEs poses a challenge to many audit practitioners. In addition, the principles and the risk-based requirements of the PSAs also results to confusion to many auditors. Nevertheless, applying the PSAs to audits of SMEs is doable. The first thing to be done is to familiarize audit practitioners with the PSA requirements and how to apply such in audits.



Competence Area & Credit Units

Competence Area  - A


Credit Units - 8

Course Outline

January 8, 2020

12

00PM

-

1

00PM

LUNCH BREAK

1

00PM

-

5

30PM

SESSION 2

Venue

National Office, PICPA Building
700 Shaw Boulevard
Mandaluyong, Metro Manila, Philippines

See route

Contact us

For additional event or venue information, please email training@picpa.com.phYou can also reach us at +63 9178530767

IMPORTANT ANNOUNCEMENT! PLEASE READ

SEMINAR FEES


Regular Seminar Rates


Members in GOOD STANDING - Php 2,000/day (inclusive of VAT)

Members not in good standing - Php 2,500/day (inclusive of VAT)

Non-CPAs/Non-Members - Php 2,500/day (inclusive of VAT)


Regulators' Forum and other special seminars may have special rates which will be announced and advertised by the PICPA Training Division accordingly.

NO SHOW FEE - Php 1,000 - (also applies to invalid/late cancellations)



PAYMENT OPTIONS


1. Cash/check payable to: Philippine Institute of Certified Public Accountants, Inc., deposited to:

Account Name: Philippine Institute of Certified Public Accountants, Inc.

Account Number: 100840069691 UNIONBANK, or

Account Number: 123110026804 PNB

Email a soft copy of the deposit slip (jpeg/pdf or any convenient file format) together with the payee's complete name and PRC ID number (if available) to: training@picpa.com.ph.

When using this option to pay, please make sure your payment document is transmitted to the PICPA Training Division at least three (3) days before the seminar to avoid inconveniences.


2. For more direct payment options, you can visit us at the PICPA National Office Building, 700 Shaw Boulevard, Mandaluyong City.



SCHEDULE CHANGE


Seminar schedules are subject to change. Should there be any, PICPA will announce through the PICPA website and will inform you via email and/or SMS/text messages.

Please note that your initial reservation is automatically carried over/rebooked to the seminar's new schedule unless you submit to PICPA Training Division a valid cancellation request through your registered email address or mobile number.



OTHER DETAILS


1. Registration is at the PICPA National Office, 2/F front desk, from 7:00 am to 8:00 am on the day of the seminar. Seminars are conducted from 8am-5pm.

2. Should a seminar be cancelled for valid reasons, the participant who has made a reservation will receive from PICPA a notice of re-scheduling or cancellation at least 3 days before the schedule. All reservations are automatically re-booked to the new schedule and remain as confirmed reservations unless cancelled with valid notification.

3. CANCELLATION OF RESERVATION: Cancellation is only valid when conveyed through the participant's registered email address or his/her registered mobile number and conveyed to PICPA Training Division at least three (3)days before the actual seminar date. Please read "Seminar FAQs" on the website for details.

4. NO SHOW FEE: Those who do not attend the seminar they have made reservations for, without valid cancellation/notification (via email or SMS at least 3 days before the schedule) will be charged a "NO SHOW FEE" of P1,000.00 to cover for the food and other logistic and administrative costs incurred by PICPA.

5. CPD Units are awarded based on actual time of seminar attendance. Deduction of units will be imposed accordingly to latecomers or to those who leave early. PICPA NO will not release certificates of attendance to participants, who have left early without duly notifying the PICPA NO Training Division.

6. If you have health or religious diet restrictions, please inform the PICPA Training Division at least two (2) days before the date of the seminar.

7. As we have limited parking space, parking is on first come first served basis.

8. Walk-In participants are accepted per availability of resources. Accepted walk-in attendees will be sent only a soft copy of the materials through email.




FOR OTHER CONCERNS AND FURTHER INQUIRIES

Contact: Richard Homero or Shane Raon (of PICPA Training Division)

  Tel. Nos. (02) 723-0691 to 93 loc 114 or 0919-9114086 (Smart)/0917-8530767(Globe)

  Email: training@picpa.com.ph