This document outlines the syllabus for an operations auditing course. It includes the grading system, which weights an AQR at 60% and an exam at 40%. It also lists the course requirements and topics to be covered over 7 weeks. The topics include defining operations auditing, the audit process, risk assessments, control frameworks, tools and methodologies for process improvement, quality control, and frameworks like Six Sigma and ISO standards. Testing will include a midterm and answering questions at the end of chapters. The goal is for students to understand operations auditing concepts and how to effectively audit operational risks, controls, and processes.

1. KORBEL FOUNDATION COLLEGE INC. ACCTG 42 Operations Auditing
IPRIL JOY R. NAQUITA-ALAPTO, CPA (1st
Term IST SEM, 2022-2023)
OPERATIONS AUDITING SYLLABUS
Reference: Operations Auditing by Hernan Murdock 2019
Grading System
AQR-60%
EXAM-40%
Requirements:
-Online Meeting Attendance
-Submitted Outputs
-Active Participation
-Reading of Chapters
-Reporting
-Writing of Reviews
TOPICS:
PRELIM September 12-16, 2022
WEEK 1
 Definition, Characteristics, and Guidance of operations auditing
 Risk-based Audit
 Role of Auditor
 Identifying Operational Threats and Vulnerabilities
 Skills for effective Operational Audit
 Integrated Auditing
 The Standards
Answer the Questions at the end of the chapter
WEEK 2 September 19-23, 2022
 Objectives and Phases of Operational Audit
 Planning and Risk Factors
 Field Work
 Types of Audit Evidence
-Testimonial
-Observation
-Documentation/Inspection
-Recalculation/Reperformance
-Professional Skepticism
-Workpapers
-Flowcharts
-Internal Control Questionnaire
-Condition of Workpapers
-Electronic Workpapers
 Reporting
 People, Process and Technology
WEEK 3 September 26-30, 2022
 Risk Assessments-Identification of Risks
 Measurement of Risks
 Assessing Risks and Control Types
 The Importance of CSAs
 Business Activities and Their Risk Implications
 The 7Es-Effectiveness, efficiency, Economy, Excellence, Ethics, Equity and Ecology
 Implications for Auditors

2. KORBEL FOUNDATION COLLEGE INC. ACCTG 42 Operations Auditing
IPRIL JOY R. NAQUITA-ALAPTO, CPA (1st
Term IST SEM, 2022-2023)
MIDTERM
WEEK 4
 Control Frameworks
 Control Environment
 Risk Assessment-Business and Process Risk; Technological and Information Technology Risks
 Control Activities
 Information and Communication
 Monitoring Activities
 IT and Its Impact on Organizational Success
Please study the Components of Internal Control (PSA Standards, Salosagcol, Cabrera or any reference may do)
WEEK 5
 Tools
-Histograms
-control chart
-pareto chart
-Fishbone, Ishikawa Diagram
-Force Field Analysis
-Flowchart/Process Flow Map/Value Stream Map
-Common Process Improvement Areas
-Takt Time
-Eight Areas of Waste
-Affinity Diagram/KJ Analysis
-Check Sheet
-Scatter Diagram
-5S
-RACI Diagram
 Communication Plan
 Communication Matrix
 Suppliers, Inputs, Process, Outputs, and Customer Map
 Poka Yoke/Mistake Proofing
 Benchmarking
 Five Whys
 Work Breakdown Structure
WEEK 6
 Eight Areas of Waste
-Overproduction
-Waiting
-Transporting
-Unnecessary Paperwork or Processing
-Unnecesary Inventory
-Excess Motion
-Defects
-Underutilized Employees
 Identifying, Assessing, and Preventing the Occurrence of Muda
WEEK 7
 Quality Control
 Understanding Assertions and Using Quality Improvement Methodologies
 The link between Process Weaknesses and Internal Control
 Six Sigma and Lean Sigma

3. KORBEL FOUNDATION COLLEGE INC. ACCTG 42 Operations Auditing
IPRIL JOY R. NAQUITA-ALAPTO, CPA (1st
Term IST SEM, 2022-2023)
 ISO 9000 and ISO 31000