RE-401 Auditing Concentration Course

The course is connected to the following study programs

• Master's Programme in Accounting and Auditing

Teaching language

Norwegian

Recommended prerequisites

RE-401 Auditing: Theory and Method

Course contents

The course provides an in-depth understanding of the regulations and the ethical framework of the external auditor's professional practice. A number of complex issues related to the use of auditing standards are also discussed in this course, together with other services provided by the auditor, including confirmations required by company law, and the rules regulating the auditors responsibility according to law.

Learning outcomes

Upon successful completion of this course the students should be able to

• assess the scope for various assurance engagements and have knowledge of international assurance standards and the related performances conducted by the auditor

• demonstrate knowledge of the auditing law regulations, the procedures for review, agreed-upon procedures and other related services

• have the necessary insight based on requirements in legislation, professional ethics, and ethical theory concepts, in order to find good solutions to ethically difficult issues for the auditor

• have insight into the auditor's role related to sustainability reporting

• demonstrate insight in the requirements relating to reporting procedures under the money laundering regulation

• assess the special challenges related to the auditing process in an IT-environment and an introduction to tools for data-analysis in the audit

• demonstrate insight in, and use of, relevant sampling methods in the selection, implementation, evaluation and conclusion phase

• assess the requirements of demanding auditing standards and know how to address challenging audit issues

• demonstrate in-depth knowledge of the requirements and content of the auditor's communication and reporting procedures, including the assessment of errors discovered in the audit process

• demonstrate insight into the background and content of the auditor's reports and statements required by company law, with a special focus on equity transactions in limited companies

• demonstrate insight into the regulation on auditor liability and legal cases where the auditor have been convicted

Examination requirements

Approved compulsory assignment. Information will be given in Canvas at the start of the semester.

Teaching methods

Lectures, group work and presentations. More information in Canvas at the start of the semester. 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.