Course Language:
İngilizce
Course Coordinator:
Courses given by:
Course Assistants:
Course Objectives:
The aim of this course is to teach how to audit the financial statements of the company according to generally accepted auditing standards. To convey the current developments in audit issues.
Course Content:
Introduction to audit and basic audit concept, audit standards-ISA, audit cycle and planning, internal control, audit evidence and audit techniques, preliminary reports, audit reports, audit of financial statement accounts.
Course Methodology:
1. Lecture 2. Question/Answer 3. Discussion Method 4. Case Study
Course Evaluation Methods:
1:exams 2:homework
Vertical Tabs
Course Learning Outcomes
| Learning Outcomes | Program Learning Outcomes |
Teaching
Methods |
Assessment
Methods |
| 1) Understand risk-based audit concept | 1,2,3,5 | 1,2,3,4 | 1,2 |
| 2) Understand the audit process in accordance with international standards | 1,2,3,5 | 1,2,3,4 | 1,2 |
| 3) Comprehend audit techniques | 1,2,3,5 | 1,2,3,4 | 1,2 |
| 4) Learn how to read an auditor’s report | 1,2,3,5 | 1,2,3,4 | 1,2 |
Course Flow
| COURSE CONTENT | ||
| Week | Topics | Study Materials |
| 1 |
Introduction
Definition and Purpose of Auditing |
Textbook & Auditing Standards |
| 2 |
Quality Standards & Code of Ethics
Objective of the Auditor |
// |
| 3 |
Audit Risk
Management Assertions and Audit Techniques |
// |
| 4 | Overview of Audit Process | // |
| 5 | Client Acceptance and Continuance | // |
| 6 | Understand the Business and Audit Planning | // |
| 7 | Internal Control Environment | // |
| 8 | IT Environment and IT Controls | // |
| 9 | Risk of Financial Statement Fraud | // |
| 10 | Test of Controls | // |
| 11 | Substantive Procedures | // |
| 12 | Wrap-up Procedures | // |
| 13 | Auditor’s Report | // |
| 14 | Review | |
Recommended Sources
| RECOMMENDED SOURCES | |
| Textbook | Auditing and Assurance Services, Alvin Arens |
| Additional Resources |
Denetim Rehberi, Tuba Şavlı, Huz Akademi, 2019
International Standards on Auditing, IFAC, www.ifac.org Türkiye Denetim Standartları, KGK, www.kgk.gov.tr |
Material Sharing
| MATERIAL SHARING | |
| Documents | Lecture Notes |
| Assignments | Presentations by Guest Speakers |
| Exams | Mid-term / Final |
Assessment
| ASSESSMENT | ||
| IN-TERM STUDIES | NUMBER | PERCENTAGE |
| Homework | 6 | 60 |
| Total | 60 | |
| CONTRIBUTION OF FINAL EXAM TO OVERALL GRADE | 40 | |
| CONTRIBUTION OF IN-TERM STUDIES TO OVERALL GRADE | 60 | |
| Total | 100 | |
Course’s Contribution to Program
| COURSE'S CONTRIBUTION TO PROGRAM | |||||||
| No | Program Learning Outcomes | Contribution | |||||
| 1 | 2 | 3 | 4 | 5 | |||
| 1 | Will be able to describe all the concepts related to business functions. | X | |||||
| 2 | Will be able to use the theoretical and practical knowledge gained in the field of business administration. | X | |||||
| 3 | Will be able to explain concepts, ideas and cases with scientific methods, interpret and evaluate qualitative and quantitative data, define problems and develop solutions. | X | |||||
| 4 | Will be able to use various communication channels effectively in business life. | X | |||||
| 5 | Will be able to demonstrate ethical values. | X | |||||
| 6 | Will be able to demonstrate an understanding of social responsibility and active citizenship. | X | |||||
| 7 | Will be able to evaluate the acquired knowledge and skills with a critical approach. | X | |||||
| 8 | Will be able to interpret quality management and processes, environmental protection, occupational safety and sustainability. | X | |||||
| 9 | Will be able to work effectively in the team and takes initiative for the success of the team. | X | |||||
| 10 | Will be able to manage and defend diversity. | X | |||||
ECTS
| ECTS ALLOCATED BASED ON STUDENT WORKLOAD BY THE COURSE DESCRIPTION | |||
| Activities | Quantity |
Duration (Hour) |
Total Workload (Hour) |
| Course Duration (Including the exam week: 16x Total course hours) | 16 | 3 | 48 |
| Hours for off-the-classroom study (Pre-study, practice) | 12 | 3 | 36 |
| Homework | 6 | 6 | 36 |
| Final examination | 1 | 25 | 25 |
| Total Work Load | 145 | ||
| Total Work Load / 25 (h) | 5,8 | ||
| ECTS Credit of the Course | 6 | ||
None