FACULTY OF BUSINESS

Department of Business Administration

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
Elective
Course Level
First Cycle
Mode of Delivery -
Teaching Methods and Techniques of the Course Discussion
Case Study
Q&A
Lecture / 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;
  • Explain the role of audit services in society and fundamental concepts of auditing;
  • Describe the stages of audit;
  • Describe professional ethics;
  • Improve their critical thinking skills needed for audit related activities;
  • Understand audit process with its theory and applications;
  • Understand the details and preparation process of audit reports
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.

 



Course Category

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 solve problems with an analytical and holistic viewpoint in the field of business administration.

2

To be able to present the findings and solutions to the business problems in written and oral formats.

X
3

To be able to interpret the application of business and economic concepts, and philosophies at the national and international levels.

X
4

To be able to use innovative and creative approach for real-life business situations.

5

To be able to demonstrate leadership skills in different business situations.

6

To be able to interpret the reflections of new technologies and softwares to business dynamics.   

7

To be able to integrate knowledge gained in the five areas of business administration (marketing, production, management, accounting, and finance) through a strategic perspective.

8

To be able to act in accordance with the scientific and ethical values in studies related to business administration.

9

To be able to work efficiently and effectively as a team member.

X
10

To be able to have an ethical perspective and social responsiveness when making and evaluating 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.

*1 Lowest, 2 Low, 3 Average, 4 High, 5 Highest

 


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