At the end of this course, the students; 1) Acquire a basic understanding of all aspects of the auditing and gain a firm foundation for a career in auditing field. 2) Know the practical need for internal and external auditing. 3) Understand the risks that exist in financial statements. 4) Know the need for assessing the ethical standards and differentiate the ethical and unethical conduct in the profession. 5) Compare internal and external auditing in terms of their role in business and society, their goals and objectives, their processes and practices. 6) Understand the details and preparation process of audit reports. 7) Describe the underlying concepts of International Financial Reporting standards.
MODE OF DELIVERY
Face to face
PRE-REQUISITES OF THE COURSE
No
RECOMMENDED OPTIONAL PROGRAMME COMPONENT
Man426 Managerial Accounting
COURSE DEFINITION
This course aims to help students gain a thorough understanding of the foundations, concepts, and standards underlying auditing practices and techniques. This course is designed to introduce the student the basic auditing concepts and standards. Concentration is mainly on the standards, ethics, principles, reports, relationships, and processes used by external auditors (independent certified public accountants) in conducting financial statement audits. This course also reviews generally accepted accounting principles and introduces generally accepted auditing standards.
COURSE CONTENTS
WEEK
TOPICS
1st Week
BASIC AUDITING CONCEPTS
2nd Week
BASIC AUDITING CONCEPTS
3rd Week
GENERALLY ACCEPTED AUDITING STANDARDS
4th Week
GENERALLY ACCEPTED AUDITING STANDARDS
5th Week
AUDITING PLANNING
6th Week
INTERNAL CONTROL SYSTEM
7th Week
INTERNAL CONTROL SYSTEM
8th Week
Mid-Term Examination
9th Week
EVIDENCES-SAMPLING
10th Week
WORKING SHEETS
11th Week
WORKING SHEETS
12th Week
AUDITING PRACTICE
13th Week
AUDITING PRACTICE,Auditing of Monetary Assets,Auditing of Receivables,Auditing of Inventories and Cost of Sales,Auditing of Tangible Assets,Auditing of Liabilities,Auditing of Equity
14th Week
PREPARATION OF AUDIT REPORT
RECOMENDED OR REQUIRED READING
William C. Boynton, Walter, G. Kell, Modern Auditing, 1996.
PLANNED LEARNING ACTIVITIES AND TEACHING METHODS
Lecture,Discussion
ASSESSMENT METHODS AND CRITERIA
Quantity
Percentage(%)
Mid-term
1
50
Total(%)
50
Contribution of In-term Studies to Overall Grade(%)
50
Contribution of Final Examination to Overall Grade(%)
50
Total(%)
100
ECTS WORKLOAD
Activities
Number
Hours
Workload
Midterm exam
1
2
2
Preparation for Quiz
Individual or group work
14
2
28
Preparation for Final exam
1
30
30
Course hours
14
3
42
Preparation for Midterm exam
1
30
30
Laboratory (including preparation)
Final exam
1
2
2
Homework
1
20
20
Total Workload
154
Total Workload / 30
5,13
ECTS Credits of the Course
5
LANGUAGE OF INSTRUCTION
Turkish
WORK PLACEMENT(S)
No
KEY LEARNING OUTCOMES (KLO) / MATRIX OF LEARNING OUTCOMES (LO)
