AUDITING-I

Course Description

The aim of this course is to provide students with knowledge of basic auditing concepts, and teach them the requirements of an audit and assurance system. In success of completion of this course, all students will develop their knowledge and understanding on: an introduction to assurance and financial statement auditing, , the financial statement auditing environment, audit planning types of audit tests and materialism, evidence and documentation, internal control in a financial statement audit, auditing internal control over financial reporting, and apply critical thinking skills and solving auditing problem through the use of case studies.

AUDITING-I

Evaluation Tools (Active Term)

Course outcomes

1. 01 Demonstrate an understanding of fundamental audit concepts
2. 02 Apply a range of audit procedures.
3. 03 Apply auditing standards
4. 04 Demonstrate an understanding of the legal context in which auditing occurs
5. 05 Demonstrate an understanding of the importance of professional ethics and apply the profession's code of ethics
6. 06 Undertake research on significant auditing issues
7. 07 Apply critical thinking skills and solve auditing problems through the use of case studies
8. 08 Understand how to stay abreast of developments in auditing theory and practice
9. 09 Demonstrate an understanding of the role of audits in society
10. 10 Work in a collegiate manner

Course Syllabus

Reference Books & Course Materials

1. 01 Whittington and Panny, Principles of Auditing & Other Assurance Services, 20th Edition, McGraw Hill
2. 02 Eilifsen, Messier, Glover, and Prawitt, Auditing & Assurance Services, 3rd International Edition, McGraw Hill

Learning Outcomes

1. L01 Demonstrate an understanding the fundamental audit concepts SOLO 4
2. L02 Develop a range of audit procedures for different cases SOLO 5
3. L03 Assess the importance of professional ethics and apply the profession's code of ethics SOLO 5
4. L04 Develop critical thinking skills and solve auditing problems through the use of case studies SOLO 5
5. L05 Reflect an understanding on significant auditing issues SOLO 5

Program Outcomes

1. P01 1- To have advanced theoretical and practical knowledge supported by textbooks, application tools and other resources including current information in the field of Accounting and Finance.
2. P02 2- To be able to use advanced theoretical and practical knowledge acquired in the field of Accounting and Finance.
3. P03 3- To be able to interpret and evaluate data, identify problems, analyze and develop solutions based on research and evidence by using advanced knowledge and skills acquired in the field of Accounting and Finance.
4. P04 4- To be able to take responsibility as an individual and a team member in order to solve complex and unpredictable problems in accounting and finance applications.
5. P05 5- To be able to plan and manage activities for the development of employees under the responsibility of a project.
6. P06 6- To be able to determine the learning requirements in the field of Accounting and Finance and to direct their learning.
7. P07 7- To be able to inform people and institutions about issues related to the field of accounting and finance, and to be able to transfer their ideas and solution proposals in writing and orally.
8. P08 8- To be able to use information and communication technologies together with computer software at the European Computer Driving License Advanced Level required by the field of Accounting and Finance.
9. P09 9- To act in accordance with social, scientific, cultural and ethical values in the stages of collecting, interpreting, applying and announcing the results related to the field of accounting and finance.

Po-Lo Matrix