Auditing (ISL413) Course Detail

Course Name	Course Code	Season	Lecture Hours	Application Hours	Lab Hours	Credit	ECTS
Auditing	ISL413		3	0	0	3	5

Pre-requisite Course(s)
N/A

Course Language	Turkish
Course Type	N/A
Course Level	Bachelor’s Degree (First Cycle)
Mode of Delivery	Face To Face
Learning and Teaching Strategies	Lecture, Discussion, Question and Answer, Observation Case Study.
Course Coordinator
Course Lecturer(s)	Prof. Dr. Ali Rıza Zafer SAYAR
Course Assistants
Course Objectives	Course, students are commercial enterprises accounting controls to become moments of legislation between the obligations in Turkey, this legislation are in the capital market institutions and interests companies in the public interest accounting and auditing obligations are in learning basic purposes. Again, it is aimed that the students will be able to find accounting errors and tricks by consolidating the accounting information they have learned before. When reading the Financial Statements, they begin to understand the extent to which the information given in these tables is bound to their limits.
Course Learning Outcomes	The students who succeeded in this course; They will be able to learn what kind of audits are in the company and company specific. understand the reasons for the publicly-held companies and the Financial Sector companies to provide more information outside the enterprise than other enterprises. They will learn that accounting is not an action taken at the end of the term and is an action spread throughout the accounting period. They will learn the types and risks of the risks. They will be informed about the risks that the internal control system can prevent and prevent. They will learn who is responsible for the establishment and development of the internal control system and what are the limits in the establishment of this system. They will learn the specific concepts in the audit and auditing standards (audit area, business and audit risks, material misstatement, system test, control test, material verification tests, false reporting, types of audit opinion). What they mean is that they have learned how to interpret an audit opinion.
Course Content	The nature and objectives of audit in general as well as audit procedures and techniques practiced today; the audit risks involved in various situations; how to audit the risk area of financial statements.

Weekly Subjects and Releated Preparation Studies

Week	Subjects	Preparation
1	What is an audit? What is the difference between control and revision? What are the types of audits and types of accounting audits? What are the financial audit individuals and organizations in Turkey? Why is Independent Auditor and YMM regulated separately? What are their ultimate tasks?	Book 3- 23 pages
2	control legislation in Turkey. Non-audited and non-audited companies (PIEs and Capital Markets Institutions) General review of Accounting Standards and Auditing Standards	Review of Public Oversight Authority Web pages, Navigation on pages related to Auditing and Accounting Standards. Read the decision of the Council of Ministers numbered 660
3	Stages of Audit, Pre-audit studies, audit contract, Matters that must be known in order to determine the risk of material misstatement in the audit, Error / Trick Triangle, Conflict of Truth	Working between pages 65-97.
4	Special auditing techniques that must be performed by the auditor in order to meet the business, the external environment, activities, financial status, ownership structure, organizational structure of the company and the risks it creates in order to reveal the risks of significant errors.	Independent Auditing Standards (BDS 315 Determination and Evaluation of Significant Mistake Risks by Recognizing the Business and its Environment)
5	The nature of the internal control system, the importance of the company and the auditor, the elements of internal control, the examination of the internal control structure in a business	The 125-140 pages of the book should be studied BDS 315 Identifying and Evaluating the Risks of Mistake BDS 260 Standard for Notifying Senior Management of Internal Control Deficits
6	Written audit of the audit plan, approval of the auditor with the audit team, transaction tests within the scope of the in-year work, tests of material verification at the end of the year Selection of appropriate audit techniques for each audit area	Pages 142-157 of the book
7	Pre-Reporting Studies and Establishing Audit Opinion End-of-period analytical studies, events that occurred after the balance sheet date, the continuity of the enterprise, the receipt of a letter of confirmation from the management	Between 159-170 of the book, the book's 553-558 pages have been read
8	Pre-Reporting Studies and creating audit opinions. Related party transactions, segment reporting, quality control work, Types of Audit Opinion and Reporting, Disclosure of Key Audit Issues, Other explanations in terms of compliance	The study of the book between 171-184, an audit report by downloading the report
9	Exam Week and discussions about how to do homework
10	Control of cash, received and issued accounts and POS accounts	187 to 203 pages of the book to be studied
11	Audit of Receivables (Commercial / Non-Commercial, Non-Priced, Long / Short Term), Types of Confirmation Letter, calculation of sampling diameter Aging of receivables and determination and reporting of doubtful receivables and uncollectible receivables, Rediscount on receivables	Book 234-239
12	Current period separator accounts (Future Months / Year Expenses, Income for the coming months / Years, Income Accruals, Expense Accruals	Review of the sections on the application of the principle of periodicity from General Accounting Accounts
13	tangible / intangible assets, investment properties, impairment test of assets Appropriate audit techniques, Revaluation Model, Impairment Test	Pages 337-386 of the book
14	Control of sales and inventory accounts Control of sales, Control of costs of Production Cost Accounts and end of period stocks Cost of Goods Sold Appropriate material verification tests for advances and inventories	532 to 562 pages between 248-277
15	Audit of contingent liabilities, contingent liabilities and contingent assets account groups Debt / Provision / Expense Accrual / Funding principles of equity accounts Review of situations requiring provisioning Accounting of account of accounts Contingent Liabilities and Assets	Worked on 480-512 pages of the book
16	Interim Financial Statements and the principles of their supervision Companies that have responsibility for editing and publishing Interim Financial Statements Implementation of mandatory / non-audit techniques in interim financial statement audit	The book will work between 592-597 pages.

Sources

Course Book	1. Hasan Kaval, Muhasebe Denetimi, Gazi Kitabevi, 2013

Evaluation System

Requirements	Number	Percentage of Grade
Attendance/Participation	1	5
Laboratory	-	-
Application	-	-
Field Work	-	-
Special Course Internship	-	-
Quizzes/Studio Critics	-	-
Homework Assignments	1	20
Presentation	-	-
Project	-	-
Report	-	-
Seminar	-	-
Midterms Exams/Midterms Jury	1	30
Final Exam/Final Jury	1	45
Toplam	4	100

Percentage of Semester Work	55
Percentage of Final Work	45
Total	100

Course Category

Core Courses
Major Area Courses
Supportive Courses	X
Media and Managment Skills Courses
Transferable Skill Courses

The Relation Between Course Learning Competencies and Program Qualifications

#	Program Qualifications / Competencies	Level of Contribution
#	Program Qualifications / Competencies	1	2	3	4	5
1	Have an advanced level of basic theoretical knowledge on the field of public finance in order to obtain the practical gains.
2	Identify the issues related to the field of public finance by dealing with it within the framework of the methodological approach, and report and evaluate it from an analytical point of view.
3	Understand, interpret and analyse economic and financial events, equipped with knowledge of certain disciplines, especially economics, business and law.
4	Develop policies and strategies for solving the problems by establishing the cause-effect relationship related to fiscal and economic issues through theoretical information and the discussions.
5	Establish the relationship of public financial management and budget theory with public policies, he/she makes strong budget analysis, develop analysis on public finance and makes a link with the policy implementation
6	Understand the tax theory, learning the legal structure, following the legal and financial developments and gaining a professional competence in tax matters effectively develop it.
7	Have knowledge of accounting systems in private and public institutions and businesses, analyze and interpret the financial and financial structure of institutions with the knowledge and competence gained.
8	Gain knowledge of macroeconomic framework and growth theory, including theoretical and country examples, evaluates economic developments from a theoretical perspective.
9	Use foreign language in financial and economic fields, follow international literature, communicate on professional issues.
10	Benefit from technological developments in studies specific to its field by using information technologies, digital developments and common software.
11	Use qualitative and quantitative methods for the analysis of economic, financial, social and institutional events.
12	While fulfilling its academic and professional responsibilities, develop an approach that respects s United Nations sustainable development goals, freedoms, rights of the disadvantaged groups, environment, cultural and moral values.

ECTS/Workload Table

Activities	Number	Duration (Hours)	Total Workload
Course Hours (Including Exam Week: 16 x Total Hours)	16	3	48
Laboratory
Application
Special Course Internship
Field Work
Study Hours Out of Class	14	2	28
Presentation/Seminar Prepration
Project
Report
Homework Assignments	1	10	10
Quizzes/Studio Critics
Prepration of Midterm Exams/Midterm Jury	1	25	25
Prepration of Final Exams/Final Jury	1	25	25
Total Workload			136