COP4218 IIA-Turkey Internal AuditBahçeşehir UniversityDegree Programs ELECTRICAL AND ELECTRONICS ENGINEERINGGeneral Information For StudentsDiploma SupplementErasmus Policy StatementNational QualificationsBologna Commission
ELECTRICAL AND ELECTRONICS ENGINEERING
Bachelor TR-NQF-HE: Level 6 QF-EHEA: First Cycle EQF-LLL: Level 6

Course Introduction and Application Information

Course Code Course Name Semester Theoretical Practical Credit ECTS
COP4218 IIA-Turkey Internal Audit Fall 3 0 3 6
This catalog is for information purposes. Course status is determined by the relevant department at the beginning of semester.

Basic information

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
Recommended Optional Program Components: None
Course Objectives: To ensure that the students are contacting with experienced and qualified internal audit professionals and to give them a wider perspective, as well as to increase awareness on internal audit among the academia.

Learning Outcomes

The students who have succeeded in this course;
1) Theory & practice knowledge on internal audit
2) Knowledge & experience sharing from internal auditors from various sectors
3) Knowledge on internal audit related areas ( corporate governance, risk management, internal control, sustainability etc…)
4) International Internal Auditing Standarts
5) IT Audit
6) Ethics & Anti-Fraud

Course Content

Course will be 14 weeks long and will be delivered by experienced lecturers from various sectors

Weekly Detailed Course Contents

Week Subject Related Preparation
1) "Introduction to Internal Audit • Explanation of Internal Audit, Corporate Governance, Professional Ethics, Internal Control and Risk Management • explanation of developments and regulations in the world and in Turkey relating to internal audit • Giving information about the general operation and content of the course "
2) Corporate Governance • Corporate Governance Princples • Analysis of Various Corporate Governance Models • The Role and Responsibilty of Audt Committees and Internl Audit
3) Risk Management and Internal Control • Methods, processes and structures related to Enterprise Risk Management (ERM) • Various Risk MAnagement Processes (Models and their differences) • Evaluation of Total Risk MAnagement Methodologies (Risk Management Frameworks)
4) Internal Audit International Professional Practices Framework 1. Overview of the Role and Responsibilities of Internal Auditor • Role and Responsibilities of the Board of Directors • Role and Responsibilities of Department Managers • Role and Responsibilities of Audit Committees 2. İç Denetim Görevinin Türleri Types of Internal Audit Function • Assurance Auditing • Advisory Services 3. Types of Auditing • Activity Auditing • Financial Auditing • Compliance Auditing 4.Ethic Codes of Internal Auditing
5) Internal Audit International Professional Practices Framework (Cont.) 1. Standarts (Terminology and Principles) 2. Implementing IPPF in an Audit work
6) Implementation Principles of Internal Audit - Audit Process 1. Audit Plan (Issues to consider, aims, content, risk based audit work) 2. Resource Planning related to the work 3. Çalışma Programının Geliştirilmesi Developing Work Program 4. Various Tools and Techniques
7) Implementation Principles of Internal Audit - Audit Process (Cont.) 5. Delivering Results 6. Evaluation of A Completed Audit
8) Implementation Principles of Internal Audit - Reporting 1. Defining and Delivering Content for Reporting 2. Delivering Results, Criteria (methods, value added, quality of effective reporting, Summary Reporting for Critical Issues 3. Reporting of Non Compliance 4. Labelling as "Audited in Accordance with the Standarts 5. Monitoring (Monitoring Results and Corrective Actions)
9) Commuication Skills for Internal Auditors • Communication Processes and Elements of Effective Communication in Corporations • Interpersonal Communication Skills • Interview Skills and Undertaking Interviews • Preparation, Organization and Presentation of Written and Oral Communication • Written Communication • Graphics and TAbles as Coomunication Tools
10) IT Audit • Methods, Techniques and Practices for IT Audit
11) Ethics, Sustainability ve Social Responsibility • Categories of Ethics, Personal Ethics, Professional Ethics and Work Ethics •Work Ethics and the Role of Management in Developing Ethics Policy • The Role and Resğonsibility of Internal Audit in Ethics Activities • Bahavioral Rules • Corporate Ethics Culture • Sustainability and Social Responsibility Concepts and the Role of Internal Auditor
12) Fraud Risks and Auditing • Overview fo Fraud, Concepts, Elements of Fraud, Fraud Theory, Signs, Types, Red Flags, Whistleblowing, Profile fo a Fraudster • Management of Fraud Risk in Corporations • The Role of Internal Auditor • Prevention, Detection, Investigation and Reporting of Fraud
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)
15) Final Exam

Sources

Course Notes / Textbooks: Çetin Özbek, " İç Denetim, Kurumsal Yönetim, Risk Yönetimi ve İç Kontrol", TİDE Yayınları No: 3
Sawyer's İç Denetçiler İçin Rehber 3 Cilt, TİDE Yayınları No:10
COSO İç Kontrol - Bütünlerrşik Çerçeve 4 Cilt, TİDE Yayınları No: 11
References: Weekly documents prepared by the IIA-Turkey Trainers.

Evaluation System

Semester Requirements Number of Activities Level of Contribution
Midterms 1 % 40
Final 1 % 60
Total % 100
PERCENTAGE OF SEMESTER WORK % 40
PERCENTAGE OF FINAL WORK % 60
Total % 100

ECTS / Workload Table

Activities Number of Activities Workload
Course Hours 14 42
Study Hours Out of Class 12 72
Midterms 1 2
Final 1 2
Total Workload 118

Contribution of Learning Outcomes to Programme Outcomes

No Effect 1 Lowest 2 Low 3 Average 4 High 5 Highest
           
Program Outcomes Level of Contribution
1) Adequate knowledge in mathematics, science and electric-electronic engineering subjects; ability to use theoretical and applied information in these areas to model and solve engineering problems.
2) Ability to identify, formulate, and solve complex engineering problems; ability to select and apply proper analysis and modeling methods for this purpose.
3) Ability to design a complex system, process, device or product under realistic constraints and conditions, in such a way as to meet the desired result; ability to apply modern design methods for this purpose. (Realistic constraints and conditions may include factors such as economic and environmental issues, sustainability, manufacturability, ethics, health, safety issues, and social and political issues, according to the nature of the design.)
4) Ability to devise, select, and use modern techniques and tools needed for electrical-electronic engineering practice; ability to employ information technologies effectively.
5) Ability to design and conduct experiments, gather data, analyze and interpret results for investigating engineering problems.
6) Ability to work efficiently in intra-disciplinary and multi-disciplinary teams; ability to work individually.
7) Ability to communicate effectively in English and Turkish (if he/she is a Turkish citizen), both orally and in writing.
8) Recognition of the need for lifelong learning; ability to access information, to follow developments in science and technology, and to continue to educate him/herself.
9) Awareness of professional and ethical responsibility.
10) Information about business life practices such as project management, risk management, and change management; awareness of entrepreneurship, innovation, and sustainable development.
11) Knowledge about contemporary issues and the global and societal effects of engineering practices on health, environment, and safety; awareness of the legal consequences of engineering solutions.