Audit

Content

Objective

This course aims to teach globally recognize auditing concepts. Thus, in the context of auditor’s decision-making process in financial statement audit, the student becomes familiar with the nature and amount of evidence the auditor should gather; and understands the risks related to the engagement, risk assessment, technology, and fraud and auditing of internal control.

Course Content

1. The Profession of Auditing
2. Audit Reports
3. Audit Responsibilities and Objectives
4. Nature and Type of Audit Evidence
5. Considering Materiality and Audit Risk
6. Internal Control
7. Risk of Fraud
8. Application of Audit Process to the Sales and Collection Cycle
9. Application of Audit Process to Other Cycles
10. Audit Sampling for Test of Controls
11. Audit Sampling for tests of Details of Balances
12. Audit Completion
13. Research Methods in Auditing

Course Learning Outcomes

At the end of the course, the student will be able to,
1. Understand, apply and discuss current issues and topics in auditing.
2. Discuss the need for an independent audit and assurance function, and describe the continuing changes in the auditing profession and the current events that impact and shape financial statement assurance services.
3. Understand audit decision making and evidence accumulation.
4. Have a clear perspective of the purpose and content of professional ethics.
5. Understand auditing theory and know about major themes and methodologies of contemporary empirical auditing research.

References

Güredin, Ersin Denetim ve Güvence Hizmetleri,13. Baskı, Türkmen Kitabevi, İstanbul,
2011.

Arens, Alvin A., Randal J. Elder and Mark S. Beasley, Auditing and Assurance Services An Integrated Approach, Fourteenth Edition, Pearson, Boston, 2012.