| Course Name | Legal Aspects of Audit in Enterprises |
| Code | Semester | Theory (hour/week) | Application/Lab (hour/week) | Local Credits | ECTS |
|---|---|---|---|---|---|
| HUK 570 | Fall/Spring | 3 | 0 | 3 | 7.5 |
| Prerequisites | None | |||||
| Course Language | Turkish | |||||
| Course Type | Elective | |||||
| Course Level | Second Cycle | |||||
| Mode of Delivery | - | |||||
| Teaching Methods and Techniques of the Course | ||||||
| Course Coordinator | ||||||
| Course Lecturer(s) | ||||||
| Assistant(s) | - | |||||
| Course Objectives | The main principles of external auditing and tax audits carried out by the public administration in the framework of commercial law and tax law in enterprises, risk areas, the situation determination report, the results of the audit and examination of the solutions of the disputes will occur. |
| Learning Outcomes | The students who succeeded in this course;
|
| Course Description | In the course, the concept of auditing and auditing standards will be explained. It will be emphasized that the basic financial statements prepared with accounting means what the decision makers care about. The legal aspects of the subject will be discussed by considering the legal regulations regarding the external audit and tax audit. Emphasis will be given to the risks of the assets, liabilities and equity management of the enterprises, and information will be given about the measures to be taken for the timely recognition of these risks. The content and preparation of the Situation Assessment Report, which is important in acquisitions, transfers and mergers, will be explained. Finally, the way of reconciliation and dispute resolution will be dealt with in the resolution of the disputes that will arise after the operation audits. In this way, the legal aspects of the audit in enterprises will be given. |
| Related Sustainable Development Goals | |
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| Core Courses | |
| Major Area Courses | X | |
| Supportive Courses | ||
| Media and Managment Skills Courses | ||
| Transferable Skill Courses |
| Week | Subjects | Required Materials |
| 1 | Audit Concept | Denetim İlke ve Esasları, p.5-16, Güredin, p. 1-32 |
| 2 | Audit Standards | Denetim İlke ve Esasları, p.17-83 Güredin, p. 33- 62 |
| 3 | Regulations for books and records | Turkish Commercial Law, Articles 64-88, 514-518, Tax Procudure Law Articles 182-186, 193-196, 210-212, 215-219 |
| 4 | Regulations for External Audit | Turkish Commercial Law Articles 397-406, Independent Audit Regulation Articles 1-10 |
| 5 | Regulations for Tax Audit | Bilici, 2019, p.42-60, p.72-83 |
| 6 | Main Financial Tables | Muğan, Hoşal, 2012, p.180-217 |
| 7 | Risks in cash and inventory management | Denetim İlke ve Esasları, p.335- 369 Güredin, p. 371-404, p.427-446 |
| 8 | Midterm Exam | |
| 9 | Risks in receivables and liabilities management | Denetim İlke ve Esasları, p.435- 453, 469-478 Güredin, p.405-426, 459 - 470 |
| 10 | Risks in long term assets management | Denetim İlke ve Esasları, p.406 – 420 Güredin, p. 447-458 |
| 11 | Risks in owner’s equity and income statement management | Denetim İlke ve Esasları, p.435- 453 Güredin, p. 485 -511 |
| 12 | Due Diligence Report | The notes will be given by Lecturer |
| 13 | The compromise path to follow the audit result | Bilici, 2019, p. 158-175 |
| 14 | The jurisdiction path to follow the audit result | Bilici, 2019, p. 180- 199 |
| 15 | Review of the semester | |
| 16 | Final Exam |
| Course Notes/Textbooks | Ersin Güredin, Denetim ve Güvence Hizmetleri, Türkmen Kitapevi, 14. Baskı, 2014 Bilici Nurettin, Vergi Hukuku Cilt:1, 48. Baskı, Savaş Yayınevi, Ankara 2019; C.Şımga Muğan and N.Hoşal Akman, Principles of Financial Accounting Based on IFRS, 5th Edition, McGrawHill,2012 |
| Suggested Readings/Materials | The notes will be given by Lecturer |
| Semester Activities | Number | Weigthing |
| Participation | ||
| Laboratory / Application | ||
| Field Work | ||
| Quizzes / Studio Critiques | ||
| Portfolio | ||
| Homework / Assignments | 1 | 20 |
| Presentation / Jury | ||
| Project | 1 | 30 |
| Seminar / Workshop | ||
| Oral Exam | ||
| Midterm | ||
| Final Exam | 1 | 50 |
| Total |
| Weighting of Semester Activities on the Final Grade | 2 | 50 |
| Weighting of End-of-Semester Activities on the Final Grade | 1 | 50 |
| Total |
| Semester Activities | Number | Duration (Hours) | Workload |
|---|---|---|---|
| Course Hours (Including exam week: 16 x total hours) | 16 | 3 | 48 |
| Laboratory / Application Hours (Including exam week: 16 x total hours) | 16 | ||
| Study Hours Out of Class | 15 | 7 | 105 |
| Field Work | |||
| Quizzes / Studio Critiques | |||
| Portfolio | |||
| Homework / Assignments | 1 | 12 | |
| Presentation / Jury | |||
| Project | 1 | 30 | |
| Seminar / Workshop | |||
| Oral Exam | |||
| Midterms | |||
| Final Exams | 1 | 30 | |
| Total | 225 |
| # | Program Competencies/Outcomes | * Contribution Level | |||||
1 | 2 | 3 | 4 | 5 | |||
| 1 | To consolidate the ability of interpretation of events on the basis of legal principles by analytical thinking in the field of private law. | X | |||||
| 2 | The acquisition of knowledge on private law and its sub-disciplines. | X | |||||
| 3 | To generate new information putting together the knowledge of various disciplines with theoretical and applied ones that are gained from expert level of private law. | X | |||||
| 4 | To have the ability for utilizing theoretical and applied knowledge gaining from expert level of private law on the analysis of the problems. | X | |||||
| 5 |
| X | |||||
| 6 | To be able to convey the expert level of knowledge and equipment that will be possessed on private law and its sub-disciplines effectively verbally and in writing. | X | |||||
| 7 | To be able to solve legal disputes, particularly those brought before the judicial bodies. | X | |||||
| 8 | To be able to have effective communication skills. | X | |||||
| 9 | To pursue social, scientific and ethical values during the processing and evaluation of knowledge. | X | |||||
| 10 | To be able to conduct an independent study that requires specialty in the field of private law and about its sub-disciplines. | X | |||||
*1 Lowest, 2 Low, 3 Average, 4 High, 5 Highest
