FACULTY OF BUSINESS
Accounting and Auditing Program
ACC 444 | Course Introduction and Application Information
| Course Name |
Financial Regulations and Auditing
|
|
Code
|
Semester
|
Theory
(hour/week) |
Application/Lab
(hour/week) |
Local Credits
|
ECTS
|
|
ACC 444
|
Fall/Spring
|
3
|
0
|
3
|
6
|
| Prerequisites |
None
|
|||||
| Course Language |
English
|
|||||
| Course Type |
Service Course
|
|||||
| Course Level |
First Cycle
|
|||||
| Mode of Delivery | - | |||||
| Teaching Methods and Techniques of the Course | DiscussionCase StudyQ&ALecture / Presentation | |||||
| Course Coordinator | - | |||||
| Course Lecturer(s) | ||||||
| Assistant(s) | ||||||
| Course Objectives | This course covers auditing from theoretical and practical perspectives. This is designed for students who are planning to have a carrier in accounting, auditing, and other related areas. Course covers topics generally accepted auditing standards, corporate scandals, risk assessment, internal control, professional conduct and ethics, audit planning, evidence and materiality. |
| Learning Outcomes |
The students who succeeded in this course;
|
| Course Description | The course covers fundamentals of auditing such as international developments and standards in the area, risk and materiality assessments, assessing and responding to frauds, evaluation of internal controls, analytical procedures, selection of evidence and preparation of the audit report. |
|
|
Core Courses | |
| Major Area Courses |
X
|
|
| Supportive Courses | ||
| Media and Management Skills Courses | ||
| Transferable Skill Courses |
WEEKLY SUBJECTS AND RELATED PREPARATION STUDIES
| Week | Subjects | Related Preparation |
| 1 | The Demand for Audit and Other Assurance Services | Arens, A., Elder, R., Beasley, M. and Hogan, C. “Auditing and Assurance Services” 16th Edition , Chapter 1 |
| 2 | Corporate Scandals and Financial Regulation | |
| 3 | Financial Regulation | Arens, A., Elder, R., Beasley, M. and Hogan, C. “Auditing and Assurance Services” 16th Edition , Chapter 2 |
| 4 | Audit Reports | Arens, A., Elder, R., Beasley, M. and Hogan, C. “Auditing and Assurance Services” 16th Edition , Chapter 3 |
| 5 | Professional Ethics | Arens, A., Elder, R., Beasley, M. and Hogan, C. “Auditing and Assurance Services” 16th Edition , Chapter 4 |
| 6 | Legal Liability | Arens, A., Elder, R., Beasley, M. and Hogan, C. “Auditing and Assurance Services” 16th Edition , Chapter 5 |
| 7 | Audit Responsibilities and Objectives | Arens, A., Elder, R., Beasley, M. and Hogan, C. “Auditing and Assurance Services” 16th Edition , Chapter 6 |
| 8 | Midterm Exam | |
| 9 | Audit Evidence | Arens, A., Elder, R., Beasley, M. and Hogan, C. “Auditing and Assurance Services” 16th Edition , Chapter 7 |
| 10 | Audit Planning and Materiality | Arens, A., Elder, R., Beasley, M. and Hogan, C. “Auditing and Assurance Services” 16th Edition , Chapter 8 |
| 11 | Assessing the Risk of Material Misstatement | Arens, A., Elder, R., Beasley, M. and Hogan, C. “Auditing and Assurance Services” 16th Edition , Chapter 9 |
| 12 | Assessing and Responding to Fraud Risks | Arens, A., Elder, R., Beasley, M. and Hogan, C. “Auditing and Assurance Services” 16th Edition , Chapter 10 |
| 13 | Internal Control and COSO Framework | Arens, A., Elder, R., Beasley, M. and Hogan, C. “Auditing and Assurance Services” 16th Edition , Chapter 11 |
| 14 | Semester Review | |
| 15 | Semester Review | |
| 16 | Final Exam |
| Course Notes/Textbooks | |
| Suggested Readings/Materials |
EVALUATION SYSTEM
| Semester Activities | Number | Weigthing |
| Participation | ||
| Laboratory / Application | ||
| Field Work | ||
| Quizzes / Studio Critiques | ||
| Portfolio | ||
| Homework / Assignments | ||
| Presentation / Jury |
1
|
30
|
| Project | ||
| Seminar / Workshop | ||
| Oral Exams | ||
| Midterm |
1
|
30
|
| Final Exam |
1
|
40
|
| Total |
| Weighting of Semester Activities on the Final Grade |
4
|
60
|
| Weighting of End-of-Semester Activities on the Final Grade |
1
|
40
|
| Total |
ECTS / WORKLOAD TABLE
| Semester Activities | Number | Duration (Hours) | Workload |
|---|---|---|---|
| Theoretical Course Hours (Including exam week: 16 x total hours) |
16
|
3
|
48
|
| Laboratory / Application Hours (Including exam week: '.16.' x total hours) |
16
|
0
|
|
| Study Hours Out of Class |
16
|
4
|
64
|
| Field Work |
0
|
||
| Quizzes / Studio Critiques |
0
|
||
| Portfolio |
0
|
||
| Homework / Assignments |
0
|
||
| Presentation / Jury |
1
|
16
|
16
|
| Project |
0
|
||
| Seminar / Workshop |
0
|
||
| Oral Exam |
0
|
||
| Midterms |
1
|
15
|
15
|
| Final Exam |
1
|
25
|
25
|
| Total |
168
|
COURSE LEARNING OUTCOMES AND PROGRAM QUALIFICATIONS RELATIONSHIP
|
#
|
Program Competencies/Outcomes |
* Contribution Level
|
||||
|
1
|
2
|
3
|
4
|
5
|
||
| 1 | To be able to acquire theoretical and practical knowledge and skills in the area. |
|||||
| 2 | To be able to approach problems with an analytical and holistic viewpoint. |
|||||
| 3 | To be able to gain knowledge about both national and international accounting and auditing standards. |
X | ||||
| 4 | To be able to communicate the findings and solutions to the accounting and auditing problems in written and oral formats. |
X | ||||
| 5 | To be able to critically evaluate the performance of accounting and other related management information systems, and organizations. |
|||||
| 6 | To be able to develop innovative and creative approach to real-life business issues. |
|||||
| 7 | To be able to integrate knowledge gained in the main areas of accounting and auditing through a strategic perspective. |
|||||
| 8 | To be able to act in accordance with the scientific and ethical values in studies related to accounting and auditing. |
|||||
| 9 | To be able to demonstrate both leadership and team-work skills through being an efficient and effective team member. |
X | ||||
| 10 | To be able to have an ethical perspective and social responsiveness when evaluating and making business decisions. |
X | ||||
| 11 | To be able to collect data in the area of business administration and communicate with colleagues in a foreign language ("European Language Portfolio Global Scale", Level B1). |
|||||
| 12 | To be able to speak a second foreign at a medium level of fluency efficiently. |
|||||
| 13 | To be able to relate the knowledge accumulated throughout the human history to their field of expertise. |
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*1 Lowest, 2 Low, 3 Average, 4 High, 5 Highest
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