Auditing Theory and Research(GE 765)
| Course Code | Course Name | Semester | Theory | Practice | Lab | Credit | ECTS |
|---|---|---|---|---|---|---|---|
| GE 765 | Auditing Theory and Research | 2 | 3 | 0 | 0 | 3 | 7 |
| Prerequisites | |
| Admission Requirements |
| Language of Instruction | Turkish |
| Course Type | Elective |
| Course Level | Doctoral Degree |
| Course Instructor(s) | İdil KAYA ikaya@gsu.edu.tr (Email) |
| Assistant | |
| Objective | -This doctoral course is primarily focused on the external audit of corporate financial statement, professional ethics, and legal liabilities. The seminars presented are structured to correspond with auditing process in theory and practice, and integrate International Standards in Auditing. The course will also provide the student with the opportunity to identify and develop a research topic, define a research problem, describe the purpose of the research study, and establish associated research questions. |
| Content |
1. Introduction to Financial Accounting and Auditing Theory 2. Overall Objectives of the Independent Auditor 3. Quality Management for an Audit of Financial Statements 4. General Principles and Responsibilities 5. Risk evaluation 6. The Auditor's Responses to Assessed Risks 7. External Confirmations 8. Analytical Procedures 9. Using the Work of an Auditor's Expert 10. Forming an Opinion and Reporting on Financial Statements 11. Audit Data Analytics 12. Critical Perspectives of Auditing 13. Research Methods in Auditing |
| Course Learning Outcomes |
At the end of the course, the student will be able to, 1. Understand the role of accounting and auditing in a free market economy. 2. Understand the theoretical foundation drawn from the academic literature 3. Know about the major themes and methodologies of contemporary empirical financial auditing research 4. Demonstrate the ability to conduct research in auditing. 5. Design efficacious and ethical research that addresses identified gaps in the body of knowledge in auditing and related sub-fields. |
| Teaching and Learning Methods | Lecture, case studies and research paper analysis |
| References |
Arens, Alvin A., Randal J. Elder, Mark S. Beasley and C. E. Hogan, Auditing and Assurance Services An Integrated Approach, 18th Edition, Pearson, Boston, 2023. Deegan, Craig and Jeffrey Unerman, Financial Accounting Theory, European Edition, Mc Graw Hill, London, 2006. Güredin, Ersin Denetim ve Güvence Hizmetleri,13. Baskı, Türkmen Kitabevi, İstanbul, 2011. International Auditing and Assurance Standards. Türkiye Denetim Standartları Makaleler: Aobdia, A. et al. (2024) The Economics of Audit Production: What Matters for Audit Quality? An Empirical Analysis of the Role of Midlevel Managers within the Audit Firm, The Accounting Review, Volume 99 No.2, 1–29, DOI: 10.2308/TAR-2019-0453 Aobdia, D., Do practitioner assessments agree with academic proxies for audit quality? Evidence from PCAOB and internal inspections, Journal of Accounting and Economics, 67 (2019) 144-177.. https://doi.org/10.1016/j.jacceco.2018.09.001 Bogdani, E; Causholli, M; Rakipi, R., Data Analytics Adoption, Social Support, and Internal Auditor Performance, Auditing: A Journal of Practice & Theory, 2024. Draeger, M. A.; Lohwasser, E. R. (2023) The Effects of Internal Controls on the Audit Completeness and Reliability of Earnings Announcements. Accounting Horizons, [s. l.], v. 37, n. 4, p. 9–32, 2023. DOI 10.2308/HORIZONS-2021-097. Habib, Ahsan; Jiang, Haiyan; Bhuiyan, Md. Borhan Uddin; Islam, Ainul. Regular Paper: Litigation Risk, Financial Reporting and Auditing: A Survey of the Literature. Research in Accounting Regulation. October 2014 26(2):145-163 Language: English. DOI: 10.1016/j.racreg.2014.09.005, Veritabanı: ScienceDirect Habib, A. (2007). Legal environment, accounting information, auditing and information intermediaries: Survey of the empirical literature. Journal of Accounting Literature, 26, 1-75. Retrieved from https://search.proquest.com/docview/216303876?accountid=15955 Hairston, S.; Johnston, J. A.; Zhang, J. H. Auditing the Derivative Usage of Bank-Holding Companies. Accounting Horizons, [s. l.], v. 37, n. 4, p. 67–84, 2023. DOI 10.2308/HORIZONS-2020-197. Hay, D.. The Frontiers of Auditing Research. Meditari Accountancy Research, 1 December 2015, 23(2):158-174 Language: English. Emerald Group Publishing Ltd. DOI: 10.1108/MEDAR-12-2014-0062 , Veritabanı: Scopus® Gal-Or, R.; Hoitash, R.; Hoitash, U. Auditor Expertise in Mergers and Acquisitions. Auditing: A Journal of Practice & Theory, [s. l.], v. 41, n. 4, p. 135–162, 2022. DOI 10.2308/AJPT-2019-120. Glover, S. M., Taylor, M. H., & Yi-Jing, W. (2017). Current Practices and Challenges in Auditing Fair Value Measurements and Complex Estimates: Implications for Auditing Standards and the Academy. Auditing: A Journal Of Practice & Theory, 36(1), 63-84. doi:10.2308/ajpt-51514 Lesage, C., & Wechtler, H. (2012). An Inductive Typology of Auditing Research. Contemporary Accounting Research, 29(2), 487-504. doi:10.1111/j.1911-3846.2011.01111.x Malsch, B., & Salterio, S. E. (2016). "Doing Good Field Research": Assessing the Quality of Audit Field Research. Auditing: A Journal Of Practice & Theory, 35(1), 1-22. doi:10.2308/ajpt-51170 |
Theory Topics
| Week | Weekly Contents |
|---|---|
| 1 | Introduction to Financial Accounting and Auditing Theory |
| 2 | General Principles, Standards and Responsibilities |
| 3 | Quality for an Audit of Financial Statements |
| 4 | Overall Objectives of the Independent Auditor and Audit Evidences |
| 5 | Internal Control |
| 6 | Assurance Services |
| 7 | Audit of Sustainability Reports |
| 8 | Analytical Procedures |
| 9 | Using the Work of an Auditor's Expert |
| 10 | Forming an Opinion and Reporting on Financial Statements |
| 11 | Audit Data Analytics |
| 12 | Critical Perspectives of Auditing |
| 13 | Risk evaluation and The Auditor's Responses to Assessed Risks |
| 14 | Research Methods in Auditing |
Practice Topics
| Week | Weekly Contents |
|---|
Contribution to Overall Grade
| Number | Contribution | |
|---|---|---|
| Contribution of in-term studies to overall grade | 3 | 60 |
| Contribution of final exam to overall grade | 1 | 40 |
| Toplam | 4 | 100 |
In-Term Studies
| Number | Contribution | |
|---|---|---|
| Assignments | 5 | 10 |
| Presentation | 1 | 20 |
| Midterm Examinations (including preparation) | 1 | 30 |
| Project | 0 | 0 |
| Laboratory | 0 | 0 |
| Other Applications | 0 | 0 |
| Quiz | 0 | 0 |
| Term Paper/ Project | 0 | 0 |
| Portfolio Study | 0 | 0 |
| Reports | 0 | 0 |
| Learning Diary | 0 | 0 |
| Thesis/ Project | 0 | 0 |
| Seminar | 0 | 0 |
| Other | 0 | 0 |
| Make-up | 0 | 0 |
| Toplam | 7 | 60 |
| No | Program Learning Outcomes | Contribution | ||||
|---|---|---|---|---|---|---|
| 1 | 2 | 3 | 4 | 5 | ||
| 1 | Upon successful completion of the course the student should be able to understand the fundamentals and the development of scientific thought. | X | ||||
| 2 | Upon successful completion of the course the student should be able to analyze and interpret existing theoretical approaches, and to achieve a new synthesis. | X | ||||
| 3 | Upon successful completion of the course the student should be able to develop expertise in the field through information and experience from different sectors, such as production, marketing, management, accounting and finance. | X | ||||
| 4 | Upon successful completion of the course the student should be able to have a critical mind and to preserve intellectual independence. | X | ||||
| 5 | Upon successful completion of the course the student should be able to combine both advanced level and up to date theoretical and practical knowledge in his/her work. | X | ||||
| 6 | Upon successful completion of the course the student should be able to produce original scientific research. | X | ||||
| 7 | Upon successful completion of the course the student should be able to use qualitative and quantitative research methods expertly. | X | ||||
| 8 | Upon successful completion of the course the student should be able to innovate scientific methods by developing new ones or by applying known scientific methods to new areas. | X | ||||
| 9 | Upon successful completion of the course the student should be able to publish and present own work at reputable international conferences and in indexed journals. | X | ||||
| 10 | Upon successful completion of the course the student should be able to collaborate for research and education purposes with experts from different nationalities and disciplines. | X | ||||
| 11 | Upon successful completion of the course the student should be able to demonstrate sensitivity to the problems between society and the business community, and be proactive in the understanding, investigating and solving of these issues. | X | ||||
| 12 | Upon successful completion of the course the student should be able to regard the scientific ethics with uppermost importance while pursuing their future work. | X | ||||
| Activities | Number | Period | Total Workload |
|---|---|---|---|
| Class Hours | 14 | 3 | 42 |
| Working Hours out of Class | 14 | 5 | 70 |
| Assignments | 5 | 5 | 25 |
| Presentation | 1 | 2 | 2 |
| Midterm Examinations (including preparation) | 1 | 20 | 20 |
| Project | 0 | 0 | 0 |
| Laboratory | 0 | 0 | 0 |
| Other Applications | 0 | 0 | 0 |
| Final Examinations (including preparation) | 1 | 20 | 20 |
| Quiz | 0 | 0 | 0 |
| Term Paper/ Project | 0 | 0 | 0 |
| Portfolio Study | 0 | 0 | 0 |
| Reports | 0 | 0 | 0 |
| Learning Diary | 0 | 0 | 0 |
| Thesis/ Project | 0 | 0 | 0 |
| Seminar | 0 | 0 | 0 |
| Other | 0 | 0 | 0 |
| Make-up | 0 | 0 | 0 |
| Yıl Sonu | 0 | 0 | 0 |
| Hazırlık Yıl Sonu | 0 | 0 | 0 |
| Hazırlık Bütünleme | 0 | 0 | 0 |
| Total Workload | 179 | ||
| Total Workload / 25 | 7.16 | ||
| Credits ECTS | 7 | ||