- Course Code
- BUS422
- Semester
- Seventh Term (Fall)
- Theory+Practice
- 3 + 0
- ECTS
- 5
| Course Type | Compulsory Course |
|---|
| Course Level | Bachelor's Degree |
|---|
| Year of Study | 4 |
|---|
| Semester | Seventh Term (Fall) |
|---|
| ECTS | 5 |
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| Name of Lecturer(s) |
|
| Learning Outcomes |
At the end of this course, the students;
- Describe the objectives and stages involved in performing an audit of financial statements.
- Describe the stages of audit.
- Provide arguments and draw conclusions supported by appropriate evidence.
- Understand the auditing process and how to use them to form an opinion.
- Identify and discuss the fundamental principles of ethics including the threats to fundamental principles and determine the appropriate safeguards to offset the threats.
- Understand the details and preparation process of audit reports.
|
| Mode of Delivery | Face to face |
|---|
| Prerequisites | Yes(BUS222) |
|---|
| Recommended Optional Programme Components | No |
|---|
| Course Description | This course aims to help students gain a thorough understanding of the foundations, concepts, and standards underlying auditing practices and techniques. This course is designed to introduce the student the basic auditing concepts and standards. Concentration is mainly on the standards, ethics, principles, reports, relationships, and processes used by external auditors (independent certified public accountants) in conducting financial statement audits. This course also reviews generally accepted accounting principles and introduces generally accepted auditing standards.
Students who miss more than 30% of total class hours receive an F2 grade. |
|---|
| Course Contents |
| WEEK |
TOPICS |
|
1st Week |
Introduction to the course |
|
2nd Week |
The Auditing Profession I |
|
3rd Week |
The Auditing Profession II |
|
4th Week |
The Audit Process I |
|
5th Week |
The Audit Process II |
|
6th Week |
The Audit Process III |
|
7th Week |
Midterm Exam |
|
8th Week |
The Audit Process IV |
|
9th Week |
Application of the Audit Process to the Sales and Collection Cycle I |
|
10th Week |
Application of the Audit Process to the Sales and Collection Cycle II |
|
11th Week |
Application of the Audit Process to the Other Cycles I |
|
12th Week |
Application of the Audit Process to the Other Cycles II |
|
13th Week |
Application of the Audit Process to the Other Cycles III |
|
14th Week |
Completing the Audit |
|
| Recommended or Required Reading | Auditing and Assurance Services: International Perspectives,Arens, Elder and Beasley, Global Edition-18th Edition,Pearson
|
|---|
| Planned Learning Activities and Teaching Methods |
- Lecture
- Discussion
- Questions/Answers
- Problem Solving
|
|---|
| Assessment Methods and Criteria |
|
Quantity |
Percentage (%) |
| Mid-term |
1 |
40 |
| Assignment |
1 |
10 |
| Total(%) |
|
50 |
| Contribution of In-term Studies to Overall Grade(%) |
|
50 |
| Contribution of Final Examination to Overall Grade(%) |
|
50 |
| Total(%) |
|
100 |
|
| ECTS Allocated Based on Student Workload |
| Activities |
Quantity |
Duration (Hour) |
Total Workload (Hour) |
| Midterm exam |
1 |
2 |
2 |
| Preparation for Quiz |
|
|
|
| Individual or group work |
14 |
2 |
28 |
| Preparation for Final exam |
1 |
30 |
30 |
| Course hours |
14 |
3 |
42 |
| Preparation for Midterm exam |
1 |
30 |
30 |
| Laboratory (including preparation) |
|
|
|
| Final exam |
1 |
2 |
2 |
| Homework |
1 |
20 |
20 |
| Total Work Load | 154 |
| Total Work Load / 30 (h) | 5.13 |
| ECTS Credit of the Course | 5 |
|
| Language of Instruction | English |
|---|
| Work Placement(s) | No |
|---|
Programme Qualifications / Learning Outcomes
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LO1 |
LO2 |
LO3 |
LO4 |
LO5 |
LO6 |
| K1 |
X |
X |
X |
X |
X |
X |
| K2 |
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X |
X |
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| K3 |
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X |
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| K4 |
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X |
X |
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| K5 |
|
X |
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| K6 |
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| K7 |
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| K8 |
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| K9 |
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X |
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| K10 |
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X |
X |
| K11 |
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| K12 |
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| K13 |
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X |
