Bayburt University Lifelong Learning Programme

Description of Individual Course Units

Course Unit Code	Course Unit Title	Type of Course Unit	Year of Study	Semester	Number of ECTS Credits
İŞ121	Audit	Elective	1	1	6

Level of Course Unit

Second Cycle

Objectives of the Course

The reporting function, which is among the main functions of accounting, is made possible by conducting accounting records and financial movements that are the basis of records without any errors and tricks. Accounting audit is a discipline and practice developed for this purpose. The aim of this course is to give the students the conceptual framework, legal regulations and application examples related to accounting audit.

Name of Lecturer(s)

Learning Outcomes

1	Learn the basic concepts of accounting audit
2	To gain theoretical and practical knowledge about accounting audit
3	To be able to recognize the rules of accounting profession and the rules applicable in our country
4	To be able to understand current developments in accounting audit
5	Gain theoretical and practical knowledge about accounting audit
6	Students will be able to recognize the rules of accounting and auditing
7	To be able to understand current developments in accounting audit
8	Understand the importance of internal control and audit in enterprises.

Mode of Delivery

Normal Education

Prerequisites and co-requisities

none

Recommended Optional Programme Components

none

Course Contents

Control and control-like concepts. Functioning of auditing, audit profession and generally accepted auditing standards, audit reports, professional ethics in audit, fraudulent financial reporting and auditor's responsibility, audit objectives, audit process and planning, importance and risk in audit process, audit evidence and techniques, working papers and internal control system. Examples on the control of asset and resource accounts.

Weekly Detailed Course Contents

Week	Theoretical	Practice	Laboratory
1	Concept of audit in general I: Audit requirement and its function, definition and elements of audit, history of audit, types of audit.
2	In general, the audit concept II: Generally accepted auditing standards, professional and ethical standards, international auditing standards, Turkey auditing standards.
3	Concept of audit in general III: Types of auditors: (External auditor, internal auditor, ombudsmen).
4	National and international legislation on the audit, the scope of the independent audit and the organizations subject to independent audit.
5	Audit process I: The audit process in general; planning, segmentation, determination of materiality levels, risk planning, audit risk model, risk oriented audit.
6	Audit stages II: Determination of audit objectives, obtaining information about internal control system and accounting system, preparation of audit program, conducting audit program.
7	Execution of the audit program (Evidence collection in audit): Examination of accounting records and financial statements, physical evidence, review of internal control system, verification and analytical methods, analysis of evidence obtained by mathematical methods and employee opinions, determination of audit methods.
8	midterm exam
9	Completion and reporting of the audit I: Performing analytical reviews at the end of the period, reviewing transactions with related parties.
10	Completion and reporting of the audit II: Review of the contingent assets and liabilities, accounting estimates, examination of the assumption of continuity of the enterprise.
11	Types of audit reports (depending on the scope and the auditor's opinion). Audit report sections (elements) I.
12	Types of audit reports (depending on the scope and the auditor's opinion). Audit report sections (elements) II.
13	Error and cheating concepts. Types of tricks. Techniques used in cheating supervision. Responsibilities of the auditor against fraud.
14	Quality control in audit work: Quality and service concepts and service quality.
15	cases of internal control and auditing techniques.
16	final exam