Faculty of Business and Management Sciences · International Trade and Finance · Undergraduate
Course Objective
Auditing, which is an important part of corporate governance and financial reporting process, will be discussed conceptually and the duties and responsibilities of independent auditors, stages of the audit process, and preparation of the audit report will be emphasized.
Course Content
The aim of the course is to help the student understand auditing practices in a theoretical sense by conveying the basic concepts of accounting auditing. The course content includes the auditing profession, auditing standards and types of auditors, auditing techniques, professional ethics and moral values, and preparation of audit reports regarding financial statements.
Required Resources
Auditing & Assurance Services 9
By Timothy Louwers, Penelope Bagley, Allen Blay, Jerry Strawser and Jay Thibodeau
Recommended Resources
Lecture Presantations
Course Learning Outcomes
- Comprehend Evidence of Auditing, Evidence Collection Techniques and Types of Evidence
- Provides an overall assessment of audit practices
- To divide auditing into types and shows the relationship between them.
- Specialize in writing short and long audit reports, comprehends and applies fair trial criteria.
- Comprehends the basic concepts and auditing standards related to accounting
Core Area Distribution
Teaching Methods
Assessment & Evaluation
ECTS / Workload
| Activity | Quantity | Duration (h) | Total Workload |
|---|---|---|---|
| Course Duration (Including Exam Week) | 16 | 3 | 48 |
| Out of Class Study Period | 16 | 2 | 32 |
| Midterm | 1 | 5 | 5 |
| Quiz | 0 | 0 | 0 |
| Assignment | 1 | 10 | 10 |
| Practice | 0 | 0 | 0 |
| Final | 1 | 30 | 30 |
Course Schedule
| Week | Subject | Preparation |
|---|---|---|
| 1 | The concept of auditing and auditor, the historical development of auditing and auditing profession, types of auditing, types of auditors | Reading related chapter |
| 2 | Factors that require independent audit of financial statements, audit stages, audit standards | Reading related chapter |
| 3 | The meaning and basic elements of internal control system | Reading related chapter |
| 4 | Errors in accounting data, evaluation of internal control system | Reading related chapter |
| 5 | Definition of audit evidence, types of evidence, audit techniques | Reading related chapter |
| 6 | Quality of audit evidence, determination of number of units to be audited, audit procedures | Reading related chapter |
| 7 | Basics and advantages of statistical sampling, sample selection techniques | Reading related chapter |
| 8 | Midterm Exam | - |
| 9 | Statistical sampling methods, general evaluation of sampling methods, determination of implementation time, workforce planning | Reading related chapter |
| 10 | Softwares about Auditing | Reading related chapter |
| 11 | Definition and benefits of working papers, types | Reading related chapter |
| 12 | Preparation, filing, ownership and confidentiality of working papers | Reading related chapter |
| 13 | Custom reports, internal control report, report writing principles | Reading related chapter |
| 14 | Presentations | - |
| 15 | Revision | - |
| 16 | Final Exam | - |


