Nevşehir Hacı Bektaş Veli University Course Catalogue
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| Year/Semester of Study | 1 / Fall Semester | ||||
| Level of Course | 2nd Cycle Degree Programme | ||||
| Type of Course | Optional | ||||
| Department | ACCOUNTING AND AUDITING (MASTER'S DEGREE WITHOUT THESIS) | ||||
| Pre-requisities and Co-requisites | None | ||||
| Mode of Delivery | Face to Face | ||||
| Teaching Period | 14 Weeks | ||||
| Name of Lecturer | FİLİZ ÖZŞAHİN KOÇ (filiz.ozsahin@nevsehir.edu.tr) | ||||
| Name of Lecturer(s) | |||||
| Language of Instruction | Turkish | ||||
| Work Placement(s) | None | ||||
| Objectives of the Course | |||||
| This course aims to explain the concepts of internal audit, their roles and requirements in organizations. | |||||
| Learning Outcomes | PO | MME | |
| The students who succeeded in this course: | |||
| LO-1 | Learns the concepts of audit, control and internal audit. |
PO-1 Based on the 4-year undergraduate level qualifications in the field of business administration or if they have undergraduate education in another field, students who have taken the necessary courses and have reached this qualification can develop and deepen their knowledge in the field of accounting at the level of expertise.
PO-3 They will have the ability to transfer their knowledge of accounting to employees and teammates within the business. PO-4 Have the ability to analyze accounting information analytically and systematically. |
Examination |
| LO-2 | It experiences the detection of delays, deficiencies and disruptions in the activities of the business to achieve its goals. |
PO-2 Explains the interaction of accounting with disciplines such as sociology, psychology and quantitative methods. PO-3 They will have the ability to transfer their knowledge of accounting to employees and teammates within the business. PO-4 Have the ability to analyze accounting information analytically and systematically. |
Examination |
| LO-3 | Develops critical thinking skills required for internal audit. |
PO-3 They will have the ability to transfer their knowledge of accounting to employees and teammates within the business.
PO-4 Have the ability to analyze accounting information analytically and systematically. PO-5 Uses accounting information in business decisions and applications. |
Examination |
| PO: Programme Outcomes MME:Method of measurement & Evaluation |
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| Course Contents | ||
| Internal audit concept, necessity and details. | ||
| Weekly Course Content | ||
| Week | Subject | Learning Activities and Teaching Methods |
| 1 | Content and operation of the course; global and local requirements for assurance services; Differences between the concepts of inspection, control and audit | Lecture, Question and Answer |
| 2 | Internal audit – internal control relationship; internal audit – independent audit relationship; the importance of these concepts for businesses, the place of these concepts in the organizational chart of the audit; internal audit, internal control and the possible consequences of lack of independent audit; the importance of internal audit for the private sector and public institutions; factors that play a role in the establishment of the concept of internal audit; Independence of internal audit, impact on assurance and advisory activities | Lecture, Question and Answer |
| 3 | Types of audits and auditors; types of audits and audits, as well as differences in scope between them; the types of auditors and auditors and the differences in authority and responsibility between them; the authority and knowledge that auditors must have; corporate risk authorizations; audit plan and audit opinion model; Classification of audit opinions | Lecture, Question and Answer |
| 4 | Internal auditor profession; the position, powers and responsibilities of the internal auditor within the organization; the international position of the internal audit profession; International Institute of Internal Auditors | Lecture, Question and Answer |
| 5 | Development of internal audit in Turkey; Turkish Internal Audit Institute; Internal audit in various regulations in Turkey; internal audit practices in the private sector; internal audit practices in public institutions; Turkish Institute of Internal Auditing (UMUC); The scope of the UMUC includes the internal audit code of ethics; internal audit coordination board; | Lecture, Question and Answer |
| 6 | COSO model in internal audit practices; COSO internal control integrated framework; control environment component; risk assessment component. | Lecture, Question and Answer |
| 7 | Information system component; control activities component; surveillance component; Relationship between internal audit and risk assessment | Lecture, Question and Answer |
| 8 | mid-term exam | |
| 9 | The relationship between internal audit and corporate governance; misconceptions and facts about internal control and internal audit; internal control and internal audit within the scope of corporate governance principles; the importance of internal audit in terms of determining the existence and operability of corporate governance; activities of internal audit within the scope of corporate governance; The relationship between the Enron case and internal audit; Internal Audit – Audit Committee Relationship | Lecture, Question and Answer |
| 10 | Establishment of internal audit process in enterprises; preparation for the audit; preparation and execution of internal audit plans; preparation of their reporting; risk and control assessments, | Lecture, Question and Answer |
| 11 | International internal audit standards - qualification standards; independence and objectivity; competence and maximum professional care and attention; Quality Assurance and Development Program | Lecture, Question and Answer |
| 12 | International internal audit standards - qualification standards; independence and objectivity; competence and maximum professional care and attention; Quality Assurance and Development Program | Lecture, Question and Answer |
| 13 | International internal audit standards - performance standards; management of internal audit activity; the nature of the work; mission planning; performing the task; reporting of results; observation of progress; Acknowledgment of risks. | Lecture, Question and Answer |
| 14 | New approaches in internal audit practices; pro-active approach; approach to the audited customer; quality of audits; Technology and Risk Management, Blockchain Applications in Internal Audit, Artificial Intelligence Applications | Lecture, Question and Answer |
| 15 | Case study; Cases related to internal control and internal audit techniques | Lecture, Question and Answer |
| 16 | final exam | |
| Recommend Course Book / Supplementary Book/Reading | ||
| 1 | Ersin Güredin, Denetim ve Güvence Hizmetleri, Baskı Yılı: 2014, Türkmen Kitapevi | |
| Required Course instruments and materials | ||
| Textbooks, Notebook, Blackboard | ||
| Assessment Methods | |||
| Type of Assessment | Week | Hours | Weight(%) |
| mid-term exam | 8 | 1 | 40 |
| Other assessment methods | |||
| 1.Oral Examination | |||
| 2.Quiz | |||
| 3.Laboratory exam | |||
| 4.Presentation | |||
| 5.Report | |||
| 6.Workshop | |||
| 7.Performance Project | |||
| 8.Term Paper | |||
| 9.Project | |||
| final exam | 16 | 1 | 60 |
| Student Work Load | |||
| Type of Work | Weekly Hours | Number of Weeks | Work Load |
| Weekly Course Hours (Theoretical+Practice) | 3 | 14 | 42 |
| Outside Class | |||
| a) Reading | 3 | 14 | 42 |
| b) Search in internet/Library | 3 | 14 | 42 |
| c) Performance Project | 0 | ||
| d) Prepare a workshop/Presentation/Report | 0 | ||
| e) Term paper/Project | 0 | ||
| Oral Examination | 0 | ||
| Quiz | 0 | ||
| Laboratory exam | 0 | ||
| Own study for mid-term exam | 3 | 7 | 21 |
| mid-term exam | 2 | 1 | 2 |
| Own study for final exam | 4 | 7 | 28 |
| final exam | 3 | 1 | 3 |
| 0 | |||
| 0 | |||
| Total work load; | 180 | ||