COURSE UNIT TITLE

: INTERNAL CONTROL AND AUDITING

DEGREE PROGRAMMES

Description of Individual Course Units

Course Unit Code Course Unit Title Type Of Course D U L ECTS
MSF 5082 INTERNAL CONTROL AND AUDITING ELECTIVE 3 0 0 4

Offered By

Accounting and Finance (English)

Level of Course Unit

Second Cycle Programmes (Master's Degree)

Course Coordinator

PROFESSOR DOCTOR PINAR EVRIM MANDACI

Offered to

Accounting and Finance (English)

Course Objective

This course is a study of auditing and assurance services, auditing standards and processes, emphasizing the audit of internal controls over financial statements and the audit of financial statements. Its will include a study of the responsibilities of auditors, development of audit programs, accumulation of audit evidence and reporting.

Learning Outcomes of the Course Unit

1   Develop a thorough understanding of the attest function.
2   Understand Generally Accepted Auditing Standards and the professional and ethical responsibilities of the independent public accountant.
3   Understand risk assessment and its importance in the audit function.
4   Demonstrate the ability to plan and document the planning of the audit including the initial risk assessment, calculation of materiality and preparation of audit programs.

Mode of Delivery

Face -to- Face

Prerequisites and Co-requisites

None

Recomended Optional Programme Components

None

Course Contents

Week Subject Description
1 Auditing and Assurance Services
2 Professional Standards
3 Management Fraud and Audit Risk
4 Engagement Planning
5 Risk Assessment: Internal Control Evaluation
6 Employee Fraud and the Audit of Cash
7 Revenue and Collection Cycle
8 Midterm
9 Acquisition and Expenditure Cycle
10 Production Cycle
11 Finance and Investment Cycle
12 Completing the Audit
13 Reports on Audited Financial Statements
14 Review

Recomended or Required Reading

Auditing and Assurance Services, 4th Edition, Louwers, Ramsay, Sinason, Strawser, Thibodeau, McGraw-Hill Irwin

Planned Learning Activities and Teaching Methods

Lecture, problem solving, presentations.

Assessment Methods

SORTING NUMBER SHORT CODE LONG CODE FORMULA
1 MTE MIDTERM EXAM
2 STT TERM WORK (SEMESTER)
3 FIN FINAL EXAM
4 FCG FINAL COURSE GRADE MTE * 0.30 + STT * 0.20 + FIN* 0.50
5 RST RESIT
6 FCGR FINAL COURSE GRADE (RESIT) MTE * 0.30 + STT * 0.20 + RST* 0.50


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

Further Notes About Assessment Methods

None

Assessment Criteria

1.Students meet established deadlines as specified by the instructor.
2.Students regularly attend classes prepared and on time.
3.Students exhibit reliability and dependability in the performance of group related tasks.

Language of Instruction

English

Course Policies and Rules

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

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 13 3 39
Preparations before/after weekly lectures 12 1 12
Preparation for midterm exam 1 15 15
Preparation for final exam 1 20 20
Preparing assignments 10 2 20
Final 1 2 2
Midterm 1 2 2
TOTAL WORKLOAD (hours) 110

Contribution of Learning Outcomes to Programme Outcomes

PO/LOPO.1PO.2PO.3PO.4PO.5PO.6PO.7
LO.15555354
LO.23555345
LO.35554355
LO.45555355

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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