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

Academic staff member responsible for the design of the course syllabus (name, surname, academic title/scientific degree, email address and signature)	NA
Main Course Lecturer (name, surname, academic title/scientific degree, email address and signature) and Office Hours:	Assoc.Prof.Dr. Albana Demi ademi@epoka.edu.al , Friday 18.00 - 21.00
Second Course 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
Study program: (the study for which this course is offered)	Master of Science in Business Administration
Classroom and Meeting Time:	E212
Code of Ethics:	Code of Ethics of EPOKA University Regulation of EPOKA University "On Student Discipline"
Attendance Requirement:	Compulsory
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:	This course concentrates mainly on external auditing in accordance with ISAs issued by IAASB 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..

BASIC CONCEPTS OF THE COURSE

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.
3	Following the concepts for the area of taxes, billing, collection and enforcement.
4	Knowledge of Control Accounts for public institutions.
5	How public sector entities make the best use of the large financial resources entrusted to them in creating public value, including strategies, objectives.
6	The rules on audit, audit obligations, laws and be-laws.
7	Preparing the audit report and performing the audit in compliance with applicable rules.
8	Main topics on EU legal regime on auditing.
9	Ethics in financial reporting for the audit and the auditors.
10	The legal instruments on audit reporting based on best international practices.

COURSE OUTLINE

Week	Topics
1	Review of Syllabus: Introduction to the Course
2	An overview of International Finance and the Role of the Public Accountant (pages 36-72)
3	Professional Standards, International Financial Markets pages (73-107)
4	Professional Ethics, International Arbitrage and Parity Conditions Pages (108 - 155)
5	Accounts Receivable, Notes Receivable, and Revenue Pages (520 - 594) +Quiz
6	Inventories and Cost of Goods Sold Pages (596 - 641)
7	Review for M-Term Exam
8	Midterm Exam
9	Property, Plant, and Equipment: Depreciation and Depletion Pages (641 - 667)
10	Accounts Payable and Other Liabilities, Multinational Capital Budgeting Pages (668-706)
11	*To be discussed in Research Projects: Internal, Operational, and Compliance Auditing, Other Information Pages (916-966)
12	Presentation of Research Projects + Discussions
13	Presentation of Research Projects + Discussions
14	Review for Final Exam

Prerequisite(s):	The course introduces the basic principles of auditing, providing students examples of financial reporting skills and information management.
Textbook(s):	Lecture Series - "Audit perform, rules and procedures" Dr. Albana Demi (Mosho) March, 2022. O. Ray Whittington, Kurt Pany - "PRINCIPLES OF AUDITING & OTHER ASSURANCE SERVICES" - Twenty-second Edition 2022 - Published by McGraw Hill LLC. Ashish Kumar Sana, Swapan Sarkar, Bappaditya Biswas, Samyabrata Das, Auditing Principles and practices - (2017) Published by McGraw Hill LLC.
Additional Literature:	Principles of Auditing, Hayes,R. et.al. Modern Auditing, William C. Boynton, Raymond N. Johnson, Walter G. Kell 2001
Laboratory Work:	YES
Computer Usage:	YES
Others:	No

COURSE LEARNING OUTCOMES

1	Knowledge for the ability to look at the problems of daily life from a broader perspective.
2	Gain the needed skills not only to understand economic problems in finance but also to construct a model and defend in meaningful way.
3	Knowledge about the Economic Development.
4	Knowledge about the national and international finance system.
5	Ability to use statistical methods on specific financial reporting.
6	Knowledge how to use computer programs in both daily office usage and statistical data evaluations in banking and finance department.
7	Necessary International Financial Markets skills that needed in private and public sector.
8	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.
9	Students have ability to utilize fundamental economic theories and tools to solve economic problems in finance and audit.
10	Knowledge that auditing is a science and they need to respect the ethics on reporting.

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

No	Program Competencies	Cont.
Master of Science in Business Administration Program
1	Integrate theories from business and economics to tackle business problem	5
2	Inspire an open minded-attitude through continuous learning and team-work.	5
3	Demonstrate ethical, social, and legal responsibilities in organizations	5
4	Organize and pursue scientific research projects	5
5	Enhance persuasive communication and presentation capabilities.	5
6	Critically evaluate contemporary research in specific business areas.	5

COURSE EVALUATION METHOD

Method	Quantity	Percentage
Homework	-	-
Midterm Exam(s)	1	30
Presentation	-	-
Project	1	10
Quiz	1	5
Laboratory	-	-
Lab/Practical Exams(s)	-	-
Case Study	-	-
Term Paper	-	-
Final Exam	1	45
Attendance		10
Other	-	-
	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)	16	3	48
Hours for off-the-classroom study (Pre-study, practice)	16	3	48
Mid-terms	1	14	14
Assignments	1	70	70
Final examination	0	0	0
Other	1	7.5	7.5
Total Work Load:			187.5
Total Work Load/25(h):			7.5
ECTS Credit of the Course:			7.5

CONCLUDING REMARKS BY THE COURSE LECTURER

The course is organized in interactive form with students and focuses on the financial reporting and auditing, analizing the revenues and expenditures, International Accounting Standards (IAS) as well as National Accounting Standards (NAS).