Nur Irem Nuhoglu 

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Auditing - Course Description

This course is designed with the cooperation of PricewaterhouseCoopers, an international auditing, tax and consullting firm, to provide an introduction to auditing for accounting and finance students who are willing to upgrade their knowledge in financial audit techniques, International Standards on Auditing and International Financial Reporting Standards. 

Auditing is an independent investigation of some particular activity. Although auditing has a precise meaning only when used with a limited modifier, such as tax auditing or financial auditing, generally auditing is defined as a systematic process of objectively obtaining and evaluating evidence regarding assertions about economic actions and events to ascertain the degree of correspondence between those assertions and established criteria and communicating the results to interested users.

International Auditing Standards require that the auditors plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material audit misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation.

This course focuses on audits of financial statements by independent auditors. The objective of an audit of financial statements is to enable the auditor to express an opinion whether the financial statements are prepared, in all material respects, in accordance with an identified financial reporting framework (such as International Financial Reporting Standards). The auditor’s report is the medium through which he expresses his opinion or, if circumstances require, disclaims an opinion.

The course covers an introduction to audit, the need and importance of auditing, the planning of auditing, the auditing procedures and an introduction to International Financial Reporting Standards.

In addition, guest speakers will frequently share their experience with students on hot topics such as New Turkish Commercial Code, Turkish Tax Legislation, Initial Public Offering and Valuations.

LEARNING GOALS AND OBJECTIVES

Goals and Objectives

Students who take this course are expected to:

  1. Baware of audit terminology.
  2. Have knowledge about audit planning and execution.
  3. Larn linkage between auditing, accounting and financial statement analysis.
  4. Be aware of basics of International Financial Reporting Standards.
  5. Express themselves and their ideas better than today in terms of technical points in accounting and auditing