| 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 : |
Prof. Dr. ELİF OKAN |
| Course Lecturer(s): |
Prof. Dr. 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. Students will acquire the necessary skills in general audit principles and procedures with a slight bias towards financial statements audits. |
| Week |
Subject |
Related Preparation |
| 1) |
Introduction to Internal Audit
• Explaining the concepts of Internal Audit, Corporate Governance, Business Ethics, Internal Control and Risk Management,
• Recent development regarding internal audit in the World and Turkey,
• Information about general structure of the course |
|
| 2) |
Corporate Governance
• Introduction to Corporate Governance,
• Analyzing the types of corporate governance models,
• Evaluating to Auditing committee and internal audit
|
|
| 3) |
Internal Audit, International Professional Practices, Framework and Standards
• Standards (General Concepts)
• Application of IPPF in an auditing practice
|
|
| 4) |
Internal Audit Practice Principles - Audit Process
• Auditing plan
• Resource distribution of the task
• Development of the work program
|
|
| 5) |
Risk Management and Internal Control
• Explaining methods, processes and structures regarding corporate risk management
• Analyzing types of risk management processes (Models and Differences)
• Evaluating the methodologies of risk management
|
|
| 6) |
Experience Sharing (Planning, Reporting, Field Monitoring/Following, Career Path) |
|
| 7) |
Experience Sharing (Planning, Reporting, Field Monitoring/Following, Career Path) |
|
| 8) |
IT Audit
• Methods, Techniques and Applications in IT Audit |
|
| 9) |
Communication Skills for Internal Auditors
• Communication Process in Businesses and Elements of Effective Communication,
• Interpersonal communication skills
• Interview skills and conducting the interview
• Principles of preparing, organizing and presenting oral and written communication,
• Correspondence
• Graphs and tables as communication tools
|
|
| 10) |
Fraud Risks and Auditing
• Cheating in General, Concepts, Elements of Cheating, Cheating Theory, Symptoms, Types, Red Flags, Whistleblowing, Profile of a Fraudster
• Management of Fraud Risk in Businesses
• Roles and Responsibilities of Internal Auditor
Fraud Prevention, Discovery, Investigation and Reporting
|
|
| 11) |
Ethics, Sustainability and Social Responsibility
• Categories of ethics; Personal Ethics, Business Ethics, Professional Ethics
• Business ethics and the role of management in developing an ethics policy
• Role and responsibilities of internal audit in ethical activities
• Code of conduct
• Organizational Ethical Culture
• Sustainability and Social Responsibility Concepts and the Role of the Internal Auditor
|
|
| 12) |
Experience Sharing (Planning, Reporting, Field Monitoring/Following, Career Path) |
|
| 13) |
Quality Assurance and Review in Internal Audit |
|
| 14) |
Career Path of an Internal Auditor (Critical Factors throughout a Career Path and Design of Future Resume) |
|
| |
Program Outcomes |
Level of Contribution |
| 1) |
Build up a body of knowledge in mathematics, science and industrial engineering subjects; use theoretical and applied information in these areas to model and solve complex engineering problems. |
|
| 2) |
Identify, formulate, and solve complex engineering problems; select and apply proper analysis and modeling methods for this purpose. |
|
| 3) |
Design a complex system, process, device or product under realistic constraints and conditions, in such a way as to meet the desired result; apply modern design methods for this purpose. The ability to apply modern design methods to meet this objective. |
|
| 4) |
Devise, select, and use modern techniques and tools needed for solving complex problems in industrial engineering practice; employ information technologies effectively. |
|
| 5) |
Design and conduct experiments, collect data, analyze and interpret results for investigating the complex problems specific to industrial engineering. |
|
| 6) |
Cooperate efficiently in intra-disciplinary and multi-disciplinary teams; and show self-reliance when working independently. |
|
| 7) |
Demonstrate effective communication skills in both oral and written English and Turkish. Writing and understanding reports, preparing design and production reports, making effective presentations, giving and receiving clear and understandable instructions. |
|
| 8) |
Recognize the need for lifelong learning; show ability to access information, to follow developments in science and technology, and to continuously educate him/herself. |
3 |
| 9) |
Develop an awareness of professional and ethical responsibility, and behaving accordingly. Information about the standards used in engineering applications. |
|
| 10) |
Know business life practices such as project management, risk management, and change management; develop an awareness of entrepreneurship, innovation, and sustainable development. |
4 |
| 11) |
Know contemporary issues and the global and societal effects of modern age engineering practices on health, environment, and safety; recognize the legal consequences of engineering solutions. |
|
| 12) |
Develop effective and efficient managerial skills. |
|