INTERNATIONAL TRADE AND BUSINESS | |||||
Bachelor | TR-NQF-HE: Level 6 | QF-EHEA: First Cycle | EQF-LLL: Level 6 |
Course Code | Course Name | Semester | Theoretical | Practical | Credit | ECTS |
BA4216 | Auditing | Fall | 3 | 0 | 3 | 6 |
This catalog is for information purposes. Course status is determined by the relevant department at the beginning of semester. |
Language of instruction: | English |
Type of course: | Non-Departmental Elective |
Course Level: | Bachelor’s Degree (First Cycle) |
Mode of Delivery: | Face to face |
Course Coordinator : | Assoc. Prof. HÜMEYRA ADIGÜZEL |
Course Lecturer(s): |
Assoc. Prof. HÜMEYRA ADIGÜZEL Prof. Dr. İPEK ALTINBAŞAK FARİNA |
Recommended Optional Program Components: | None |
Course Objectives: | This course is designed to enable students to understand fundamental auditing concepts, principles and procedures. It addresses issues concerning, internal control, audit risk, materiality, characteristics of evidence, sampling, analytical procedures, audit reports. |
The students who have succeeded in this course; The students who have succeeded in this course; 1. Have knowledge about the importance of External Audit and learn about regulations 2. Explain the concept of audit and assurance and the functions of audit, corporate governance, including ethics and professional conduct. 3. Learn about the external audit process 4. Describe and understand the internal audit and internal control |
WEEKS and SUBJECT DETAILS; Week 1- Introduction to Auditing: The role of public accountant in the economy, Auditing Standards, Auditing in Turkey Week 2- Audit Evidence and Documentation: Audit Process, Audit Documentation Week 3- Audit Planning: Obtaining and Understanding of the Client and its environment, Assessing the risks and designing audit procedures Week 4- Internal Control: The control environment, risk assessment, and control activities Week 5- Audit Sampling: Comparison of statistical and non statistical sampling Week 6- Audit of Cash and Financial Investment: Auditors’ objectives in the Auditing Cash and financial investments, internal control over cash and financial investments Week 7- Audit of Accounts Receivable, Notes Receivable and Revenue : Auditors’ objectives in the Auditing receivables and revenue, Internal control of accounts receivable and revenue, Audit work on receivables and revenue Week 8- Midterm Exam Week 9- Audit of Inventories and Cost of Goods Sold: Auditors’ objectives in the Auditing inventories and Cost of Goods Sold, Internal control over inventories and cost of goods sold Week 10- Audit of Property, Plant and Equipment: Auditors’ objectives in the Auditing property, plant and equipment Week 11- Audit of Accounts Payable and Other Liabilities: Auditors’ objectives in the Auditing Accounts payable, internal control over accounts payable Week 12- Completing the Audit Completing the audit, post audit responsibilities Week 13- Auditors’ Reports Types of reports issued by auditors, expression of an opinion Week 14- Auditors’ Reports Types of reports issued by auditors, expression of an opinion |
Week | Subject | Related Preparation |
1) | Introduction to Auditing: The role of public accountant in the economy, Auditing Standards, Auditing in Turkey | |
2) | Audit Evidence and Documentation | |
3) | Audit Planning: Obtaining and Understanding of the Client and its environment Assessing the risks and designing audit procedures | |
4) | Internal Control The control environment, risk assessment, and control activities | |
5) | Audit Sampling | |
6) | Audit of Cash and Financial Investment | |
7) | Audit of Accounts Receivable, Notes Receivable and Revenue | |
8) | Midterm | |
9) | Audit of Inventories and Cost of Goods Sold | |
10) | Audit of Property, Plant and Equipment | |
11) | Audit of Accounts Payable and Other Liabilities | |
12) | Completing the Audit | |
13) | Types of reports issued by auditors, expression of an opinion | |
14) | Types of reports issued by auditors, expression of an opinion |
Course Notes / Textbooks: | Whittington and Pany, 2011 Principles of Auditing & Other Assurance Services ISBN: 9780071317139 |
References: | Yok |
Semester Requirements | Number of Activities | Level of Contribution |
Attendance | 1 | % 10 |
Midterms | 1 | % 40 |
Final | 1 | % 50 |
Total | % 100 | |
PERCENTAGE OF SEMESTER WORK | % 50 | |
PERCENTAGE OF FINAL WORK | % 50 | |
Total | % 100 |
Activities | Number of Activities | Workload |
Course Hours | 14 | 42 |
Application | 14 | 14 |
Study Hours Out of Class | 15 | 63 |
Presentations / Seminar | 4 | 16 |
Homework Assignments | 2 | 6 |
Quizzes | 2 | 6 |
Midterms | 1 | 2 |
Final | 1 | 2 |
Total Workload | 151 |
No Effect | 1 Lowest | 2 Low | 3 Average | 4 High | 5 Highest |
Program Outcomes | Level of Contribution | |
1) | Has theoretical and practical knowledge on management, business, trade, economy, entrepreneurship, innovation, sustainable development related to International Trade and Business and can use this information | |
2) | Can collect data from different sources in the global business world and successfully apply research techniques, use information and communication technologies. | |
3) | Can analyze opportunities and threats with strategic thinking skills by using different resources and channels in the ever-changing global business world. | |
4) | Can communicate orally and in writing with a good knowledge of English grammar. | |
5) | He / she can transfer the knowledge and skills he / she has acquired in the field to the relevant people in written and oral form and evaluate them critically. | |
6) | Adopts the principles of business ethics with the awareness of professional responsibility and can apply these principles within the framework of legal rules in the field of global trade and business. | |
7) | He / she can collaborate in and out of the field, take responsibility, respect cultural differences and have ethical values. | |
8) | Has sufficient awareness of social rights, justice, cultural values, environmental awareness, occupational health and safety. | |
9) | With the lifelong learning skill acquired, she/he can identify learning needs and improve herself/himself |