COURSE INFORMATION
Course Title: AUDITING
Code Course Type Regular Semester Theory Practice Lab Credits ECTS
BUS 434 B 2 3 0 0 3 7.5
Lecturer and Office Hours: Mustafa Üç Friday 9:00-12:00
Second Lecturer(s): NA
Teaching Assistant(s) and Office Hours: NA
Language: English
Compulsory/Elective: Compulsory
Classroom and Meeting Time: Wednesday 18:00-20:00
Course Description: 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: For the students those who to gain skills for the four phases of audit process intensively and have competency by real case studies discussed in the classroom.
COURSE OUTLINE
Week Topics
1 The necessity of independent/external audit for 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-Mid-term
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 Student Project Presentations
14 Student Project Presentations
Prerequisite(s): -
Textbook: -
Other References: Principles of Auditing, Hayes,R. et.al. 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.
MSc BAF Program
COURSE EVALUATION METHOD
Method Quantity Percentage
Midterm Exam(s)
1
25
Presentation
1
25
Project
1
25
Final Exam
1
25
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) 1 36 36
Mid-terms 1 20 20
Assignments 0
Final examination 1 40 40
Other 1 30 30
Total Work Load:
190
Total Work Load/25(h):
7.6
ECTS Credit of the Course:
7.5