COURSE UNIT TITLE

: AUDITING

DEGREE PROGRAMMES

Description of Individual Course Units

Course Unit Code Course Unit Title Type Of Course D U L ECTS
ACC 4233 AUDITING ELECTIVE 3 0 0 5

Offered By

BUSINESS ADMINISTRATION

Level of Course Unit

First Cycle Programmes (Bachelor's Degree)

Course Coordinator

INSTRUCTOR ÖZGÜR BEŞIKÇIOĞLU

Offered to

International Business and Trade
BUSINESS ADMINISTRATION

Course Objective

The course is designed to provide the student with a basic understanding of all aspects of auditing. These include accepting and planning the audit, evaluating internal controls, verifying account balances and financial statement assertions, reporting on audited financial statements, as well as auditing standards, and the legal liabilities and professional and personal ethical responsibilities of auditors.

Learning Outcomes of the Course Unit

1   Identify the basic concepts of auditing by demonstrating different definitions.
2   Analyse audit quality, ethics and independence from an auditor s and investor s perspective
3   Identify the steps in preparing the audit plan and explain the general types of audit tests/procedures
4   Explain internal control , discuss why internal controls are important, how control risks are assessed and ultimately how the status of internal controls affect the focus of the audit
5   Examine what mix of audit procedures to be performed and what tests are suitable for auditing of different financial statement items
6   Explain how audit evidence is evaluated in order to prepare audit report.
7   Evaluate how the concepts of risk and materiality are interrelated in order to evaluate the audit risk model

Mode of Delivery

Face -to- Face

Prerequisites and Co-requisites

ACC 2002 - INTERMEDIATE ACCOUNTING

Recomended Optional Programme Components

None

Course Contents

Week Subject Description
1 Basic Concepts of Auditing
2 Defining Audit Quality
3 Audit Evidence and Statistical Sampling
4 Audit Evidence and Statistical Sampling
5 Audit Risk Analysis
6 Internal Control Concepts
7 Internal Control: Risk Assessment
8 Audit Testing: Revenue Cycle
9 Audit Testing: Expenditure Cycle
10 Audit Testing: Financing and Investing Cycle Completing the Audit
11 Audit Reporting
12 Audit Reporting

Recomended or Required Reading

1. Lecture Notes
2. Alfredson, Leo, Picker,Loftus, Clark, Wise. (2009) Australia: John Wiley and Sons Publishing

Planned Learning Activities and Teaching Methods

1. Lectures
2. Groups Discussions and case studies
3. Problem Solving

Assessment Methods

SORTING NUMBER SHORT CODE LONG CODE FORMULA
1 MT Midterm
2 FN Final
3 FCG FINAL COURSE GRADE MT * 0.40 + FN * 0.60
4 RST RESIT
5 FCGR FINAL COURSE GRADE (RESIT) MT * 0.40 + RST * 0.60


*** Resit Exam is Not Administered in Institutions Where Resit is not Applicable.

Further Notes About Assessment Methods

None

Assessment Criteria

1. The learner will describe the basic concepts of auditing.
2. The learner will explain audit quality, ethics and independence from an auditor s and investor s perspective
3. The learner will identify the steps in preparing the audit plan.
4. The learner will explain the effect of internal control on audit risk.
5. The learner will describe suitable audit tests for different financial statement items.
6. The learner will explain how audit evidence is evaluated and how findings are reported to outside interested parties
7. The learner will assess the audit risk model and its components.

Language of Instruction

English

Course Policies and Rules

1. All assignments should be submitted on time. Otherwise will not be accepted.
2. Attending at least 70 percent of the lectures is mandatory.
3. Violations of plagiarism of any kind will result in a disciplinary action.

Contact Details for the Lecturer(s)

To be announced.

Office Hours

To be announced.

Work Placement(s)

None

Workload Calculation

Activities Number Time (hours) Total Work Load (hours)
Lectures 12 3 36
Preparations before/after weekly lectures 10 2 20
Preparation for midterm exam 1 13 13
Preparation for final exam 1 23 23
Preparing presentations 1 20 20
Preparing assignments 2 5 10
Midterm 1 2 2
Final 1 2 2
TOTAL WORKLOAD (hours) 126

Contribution of Learning Outcomes to Programme Outcomes

PO/LOPO.1PO.2PO.3PO.4PO.5PO.6PO.7PO.8PO.9PO.10PO.11PO.12PO.13PO.14PO.15
LO.1233342322233343
LO.2544342323432435
LO.3344432332433533
LO.4334342433533534
LO.5244332322423324
LO.6345332343423323
LO.7354343322423325

CONTACT INFORMATION
Dokuz Eylül Üniversitesi Cumhuriyet Bulvarı No: 144 35210 Alsancak / İZMİR
Phone: +90(232) 412 12 12 - Fax: +90 (232) 464 81 35

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