| Learning Outcomes |
PO |
MME |
| The students who succeeded in this course: |
|
|
| LO-1 |
Learns the concepts of audit, control and internal audit. |
PO-1 Students who have taken the necessary courses based on their 4-year undergraduate level qualifications in the field of business administration or if they have received undergraduate education in another field can develop and deepen their knowledge in the field of accounting at the level of expertise.
|
Examination
|
| LO-2 |
It experiences the detection of delays, deficiencies and disruptions in the activities of the business to achieve its goals. |
PO-2 Explain the interaction of accounting with related disciplines such as sociology, psychology, and quantitative methods
PO-3 Have the ability to transfer their knowledge of accounting to employees and teammates within the business.
|
Examination
|
| LO-3 |
Develops critical thinking skills required for internal audit. |
PO-4 Have the ability to analyze accounting information analytically and systematically.
PO-5 Can use accounting information in business decisions and practices.
|
Examination
|
PO: Programme Outcomes
MME:Method of measurement & Evaluation |
| 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 |
