RE-400 Auditing: Theory and Method
- ECTS Credits:
- 7.5
- Responsible department:
- School of Business and Law
- Course Leader:
- Anna Alon
- Lecture Semester:
- Autumn
- Teaching language:
- English.
- Duration:
- 1 term
The course is connected to the following study programs
- Master's Programme in Accounting and Auditing
Teaching language
English.Course contents
This course provides an understanding of the external auditor's regulatory framework and the methodological foundation for the profession, including the qualities of a good internal control.
Learning outcomes
Upon successful completion of this course the students should be able to:
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demonstrate solid understanding of the auditor's fundamental role in capital markets, including insights to society and stakeholder expectations for auditors
-
demonstrate solid understanding of the process of auditing from an international perspective as well as background for regulation and the factors that shape the content of a modern audit
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to interpret and make use of International Standards of Auditing (ISAs) used in Norway
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apply audit concepts to significant classes of transactions and accounts
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assess the risks of financial statements containing material misstatements, including fraud
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demonstrate a thorough knowledge of the importance of internal control systems for auditing purposes and how the audit can build upon such systems
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plan an audit process, identifying risks and controls, determine materiality and define an appropriate approach to the auditing
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demonstrate a solid insight to how audit evidence is obtained, evaluated and provides a basis for validating financial information
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demonstrate insight regarding procedures the auditor follows completing the audit
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demonstrate insight into how the auditor concludes and formulates the opinion on the financial statements
Examination requirements
Approved compulsory assignment. Information will be given in Canvas at the start of the semester.
Teaching methods
Lectures and group work. Estimated workload is about 200 hours.
Evaluation
The person responsible for the course, in consultation with the student representative, decides the method of evaluation and whether the courses will have a midterm- or end of term evaluation, see also the Quality System, section 4.1. Information about evaluation method for the course will be posted on Canvas.
Admission for external candidates
No
Assessment methods and criteria
4-hour written examination with letter grades.
Due to grade requirements for state authorised auditors, a regular examination will be held both autumn and spring.