COURSE INFORMATION Course Title: AUDITING

Code	Course Type	Regular Semester	Theory	Practice	Lab	Credits	ECTS
BUS 434	B	2	3	0	0	3	6

Academic staff member responsible for the design of the course syllabus (name, surname, academic title/scientific degree, email address and signature)	NA
Lecturer (name, surname, academic title/scientific degree, email address and signature) and Office Hours:	Mustafa Üç , Monday 9:00-12:00, Tuesday 9:00-12:00
Second Lecturer(s) (name, surname, academic title/scientific degree, email address and signature) and Office Hours:	NA
Teaching Assistant(s) and Office Hours:	NA
Language:	English
Compulsory/Elective:	Compulsory
Classroom and Meeting Time:	Wednesday
Course Description:	Auditing: This course concentrates mainly on external auditing and includes topics as: Definition of auditing, auditing standards, ethics in auditing, independence issues, types of audit reports, the study and evaluation of internal controls including the EDP environment, audit risks, no statistical and statistical sampling in audit, audit of balance sheet and income statement items.
Course Objectives:	This course concentrates mainly on external auditing and includes topics as: Definition of Auditing, auditing standards, ethics in auditing, independence issues, types of audit reports, the study of evaluation and internal controls, including the audit risks, no statistical and statistical sampling in audit, audit of balance sheet and income statement items.

COURSE OUTLINE

Week	Topics
1	Needs for independent audit of financial statements and Syllabus Review
2	International Auditing Overview Chapter 1
3	Audit Market and Ethics for Professional Accountants Chapter2-3
4	An Auditor’s Services and Client Acceptance Chapter 4-5
5	Risk Assessment and Materiality Chapter 6
6	Internal Control and Control Risk Chapter 7
7	Control Risk, Audit Planning and Test of Controls Chapter 8
8	General Review
9	Analytical Procedures Chapter 9
10	Substantive Testing and Evidence Chapter 10
11	Completing the Auditing Chapter 11
12	Audit Reports and Communication Chapter 12 (Visitor from practice)
13	Case Analysis: Enron
14	Review

Prerequisite(s):	-
Textbook:	-
Other References:	Principles of Auditing, Hayes,R. etc. Modern Auditing, William C. Boynton, Raymond N. Johnson, Walter G. Kell 2001
Laboratory Work:	-
Computer Usage:	-
Others:	No

COURSE LEARNING OUTCOMES

1	The aim of this course is to help students to learn the basic concepts of auditing and understand the auditing applications.
2	Understanding of basic concepts of auditing, understanding auditing standards, understanding of asset, equity and result accounts auditing.

COURSE CONTRIBUTION TO... PROGRAM COMPETENCIES (Blank : no contribution, 1: least contribution ... 5: highest contribution)

No	Program Competencies	Cont.
Master of Science in Banking and Finance Program
1	The students are gained the ability to look at the problems of daily life from a broader perspective. They gain the needed skills not only to understand economic problems in banking and finance but also to construct a model and defend in meaningful way.	3
2	They have knowledge about the finance and banking.	4
3	They have knowledge about the money and banking.	3
4	They have knowledge about the international finance and banking.	1
5	They have ability to use mathematical and statistical methods in banking and finance.	4
6	They know how to use computer programs in both daily office usage and statistical data evaluations in banking and finance department.	3
7	They have necessary banking and finance skills that needed in private and public sector.	3
8	They are intended to be specialist in one of departmental fields that they choose from the list of general economics, finance economics, public finance, corporate finance, finance management, international finance markets and institutions, banking and central banking, international finance and banking, money and banking, international trade and banking.	3
9	They have ability to utilize fundamental economic theories and tools to solve economic problems in banking and finance.	3
10	They are aware of the fact that banking and finance is a social science and they respect the social perspectives and social values of the society’s ethics.	3

COURSE EVALUATION METHOD

Method	Quantity	Percentage
Midterm Exam(s)	1	35
Project	1	25
Final Exam	1	40
	Total Percent:	100%

ECTS (ALLOCATED BASED ON STUDENT WORKLOAD)

Activities	Quantity	Duration(Hours)	Total Workload(Hours)
Course Duration (Including the exam week: 16x Total course hours)	1	64	64
Hours for off-the-classroom study (Pre-study, practice)	2	16	32
Mid-terms	1	20	20
Assignments	1	10	10
Final examination	1	15	15
Other	1	9	9
Total Work Load:			150
Total Work Load/25(h):			6
ECTS Credit of the Course:			6