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Course Description Course Name : Audit and Professional Law Course Code : MG32 719 Course Type : Compulsory Level of Course : Second Cycle Year of Study : 1 Course Semester : Fall (16 Weeks) ECTS : 6 Name of Lecturer(s) : Asst.Prof.Dr. JALE SAĞLAR Asst.Prof.Dr. JALE SAĞLAR Learning Outcomes of the Course : To understand concept, boundaries and structure of auditing To teach the students about the differences between types of audit and to learn about scope of financial statement auditing To teach the students about the regulations guiding profession of accounting and auditing in Turkey, its scope and its impact on the profession To teach the students about the general structure of Auditing Standards To understand Customer Acceptance Process in Auditing To teach the student about the phases of the audit process To teach the students about internal control system and its importance in terms of external auditing To teach the students about the concepts of materiality and risk and its importance in terms of audit opinion To teach the students about mid-term and end of period audit tests To teach the students about the process of creation and reporting of audit opinion Mode of Delivery : Face-to-Face Prerequisites and Co-Prerequisites : None Recommended Optional Programme Components : None Aim(s) of Course : To show the implementation of audit activities in line with laws, standards and guidelines with emphasis external audit and the importance of external auditor and to gain power of interpretation in process of forming the audit opinion. Course Contents : To form an opinion on the legal regulations and standards leading financial statements audit, to explain the audit process, to increase the strenght of interpretation in process of the collection and the evaluation of audit evidence, to provide information about the audit opinion and reporting. Language of Instruction : Turkish Work Place : To be Announced   Course Outline /Schedule (Weekly) Planned Learning Activities Week Subject Student's Preliminary Work Learning Activities and Teaching Methods 1 Data Reliability, Need for Audit, Auditing, its elements and other related concepts Reading of the topic through relavant sources Given information and current examples about the topic and provided matter for discussion. 2 Types of audit and auditor. Generally Accepted Auditing Standards Reading of the topic through relavant sources Given information and current examples about the topic and provided matter for discussion. 3 Regulations leading the profession in Turkey and Auditing Standards Reading of the topic through relavant sources Given information and current examples about the topic and provided matter for discussion. 4 Customer Selection Process: Data acquisition, meeting with the former auditor, the audit letter of agreement Reading of the topic through relavant sources Given information and current examples about the topic and provided matter for discussion. 5 Overview of the Audit Process, Audit Planning Reading of the topic through relavant sources Given information and current examples about the topic and provided matter for discussion. 6 Materiality in Auditing and Concepts of Risk Reading of the topic through relavant sources Given information and current examples about the topic and provided matter for discussion. 7 Investigation of Internal Control System Reading of the topic through relavant sources Given information and current examples about the topic and provided matter for discussion. 8 Midterm Exam Exam Preparation Measurement and evaluation 9 Preparation of audit programs: Reading of the topic through relavant sources Given information and current examples about the topic and provided matter for discussion. 10 Audit Evidence. Evidence Collection Methods and Techniques Reading of the topic through relavant sources Given information and current examples about the topic and provided matter for discussion. 11 Audit Evidence. Evidence Collection Methods and Techniques Reading of the topic through relavant sources Given information and current examples about the topic and provided matter for discussion. 12 Evaluation of the Findings. Working Papers Reading of the topic through relavant sources Given information and current examples about the topic and provided matter for discussion. 13 Completion of the Auditing and the Audit Opinion Reading of the topic through relavant sources Given information and current examples about the topic and provided matter for discussion. 14 Preparation of Audit Report Reading of the topic through relavant sources Given information and current examples about the topic and provided matter for discussion. 15 Case studies on Audit Activities Reading of the topic through relavant sources Provided matter for discussion 16/17 Final Exam Exam Preparation Multiple Choice Question Exam   Required Course Resources Resource Type Resource Name Recommended Course Material(s)  Denetim ve Güvence Hizmetleri (Prof.Dr. Ersin Güredin)  Muhasebe Denetimi (Prof.Dr.Hasan Kaval) Required Course Material(s)  Other books about Auditing or External Auditing   Assessment Methods and Assessment Criteria Semester/Year Assessments Number Contribution Percentage     Mid-term Exams (Written, Oral, etc.) 1 60     Homeworks/Projects/Others 0 40 Total 100 Rate of Semester/Year Assessments to Success 40   Final Assessments 100 Rate of Final Assessments to Success 60 Total 100   Contribution of the Course to Key Learning Outcomes # Key Learning Outcome Contribution* 1 Has an understanding of essential accounting, auditing and tax principles and the ability to apply these principles effectively in decision making. 4 2 Lists and describes the basic theoretical models of existing accounting and new systems in literature and remarks the intended use of these; explains of each model and / or system of the weak and strong aspects. 5 3 Has an understanding of the legal and ethical issues faced by the accounting profession. 5 4 Explains how to interpret the results obtained from the application of the models in the accounting discipline. 5 5 Has an understanding of the legal and ethical issues faced by the accounting profession. 5 6 Combines the application of the methods of business management and accounting methods. 4 7 Uses the basic techniques of financial analysis to achieve the best result. 5 8 Provides leadership as an individual and / or team and takes responsibility in fulfilling the necessary work to actively manage the accounting process. 5 9 In recognition of the need for lifelong learning and continuous self-renewal tracks the latest developments in the field of accounting. 4 10 In a new field of accounting, uses different sources under the rules of the academic, synthesizes the information obtained and presents effectively. 4 11 Has the ability to communicate orally and in writing. 4 12 Practices and inquires methods, if he considers it necessary to develop and implement new ways of working. 5 13 Do researches on the science of accounting, to form the basis for the decision-making process. 5 * Contribution levels are between 0 (not) and 5 (maximum).   Student Workload - ECTS Works Number Time (Hour) Total Workload (Hour) Course Related Works     Class Time (Exam weeks are excluded) 14 3 42     Out of Class Study (Preliminary Work, Practice) 14 7 98 Assesment Related Works     Homeworks, Projects, Others 0 0 0     Mid-term Exams (Written, Oral, etc.) 1 1 1     Final Exam 1 1 1 Total Workload: 142 Total Workload / 25 (h): 5.68 ECTS Credit: 6