| Course Unit Code | Course Unit Title | Type of Course Unit | Year of Study | Semester | Number of ECTS Credits | | UT408B.9 | Risk Based Internal Audit | Elective | 4 | 8 | 5 |
|
| Level of Course Unit |
| First Cycle |
| Objectives of the Course |
| In addition to giving detailed information on internal audit and risk management, it also clarifies the subject in practice on the place of internal audit in the business, the objectives of internal audit, the establishment of the internal audit organization, the execution of internal audit activities and the reporting of the results of internal audit activities. |
| Name of Lecturer(s) |
| -- |
| Learning Outcomes |
| 1 | 1 Development of risk management policies.
2 Risk planning and analysis
3 To understand the risk management process.
4 To apply and evaluate the methods used in the calculation of risk. |
|
| Mode of Delivery |
| Normal Education |
| Prerequisites and co-requisities |
| ---- |
| Recommended Optional Programme Components |
| --- |
| Course Contents |
| Definition and scope of internal audit, internal control system, corporate governance, risk and risk management, establishment, planning and execution of internal audit activities and preparation of internal audit reports. |
| Weekly Detailed Course Contents |
|
| 1 | analytical methods | | | | 2 | Evolution towards enterprise risk management | | | | 3 | Scope and Types of Internal Audit | | | | 4 | Value at risk concept | | | | 5 | Alternative means of protection | | | | 6 | Risk Management 1 | | | | 7 | Risk Management 2 | | | | 8 | Mid-term exam | | | | 9 | Risk Management 3 | | | | 10 | Arbitrage principles and futures pricing/valuation | | | | 11 | Options markets and its use in risk management | | | | 12 | Options contracts and valuation | | | | 13 | Alternative means of protection-Factoring, receivables insurance | | | | 14 | Formulation of company-wide risk strategy - Case Study | | | | 15 | An overview | | | | 16 | Final exam | | |
|
| Recommended or Required Reading |
| Özbek, Çetin. 2012. İç Denetim, Kurumsal Yönetim, Risk Yönetimi, İç Kontrol, Cilt 1 ve Cilt 2, İstanbul: İç Denetim Enstitüsü Yayınları |
| Planned Learning Activities and Teaching Methods |
|
| Assessment Methods and Criteria | |
| Midterm Examination | 1 | 100 | | SUM | 100 | |
| Final Examination | 1 | 100 | | SUM | 100 | | Term (or Year) Learning Activities | 40 | | End Of Term (or Year) Learning Activities | 60 | | SUM | 100 |
| | Language of Instruction | | Turkish | | Work Placement(s) | | --- |
|
| Workload Calculation |
|
| Midterm Examination | 1 | 1 | 1 |
| Final Examination | 1 | 5 | 5 |
| Attending Lectures | 14 | 5 | 70 |
| Homework | 12 | 5 | 60 |
|
| Contribution of Learning Outcomes to Programme Outcomes |
|
| * Contribution Level : 1 Very low 2 Low 3 Medium 4 High 5 Very High |
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