GRA 6257 Audit Theory and Methodology - RESIT EXAMINATION
First resit examination was autumn 2016.
The course aims to give students a deeper understanding of the theoretical and methodological basis for the subject area of financial auditing and how it is practised.
The students are given an in-depth comprehension of the theoretical and methodological basis for auditing the annual accounts. Internationally established practice based on legislation and standards (particularly IFAC/RS) are discussed in detail.
- Auditing, certification and assurance services and connected auditor tasks
- The objective of the audit
- Comprehension of the need for financial audits legal regulation vs. market mechanisms
- Acceptance of audit assignments, content and formulation of appointment letter, including an understanding of the companys activities, legal conditions
- The role of auditing in a corporate governance perspective
- The audit process
- Strategic planning of auditing, auditing of business processes
- Detailed understanding of materiality and risk assessments, including organizations business risk, with consequences for the audit and the audit risk model
- The auditors assessment of the clients internal control (must be considered in connection with the course Auditing III and IV)
- Types and combinations of audit evidence for various audit areas
- Analytical auditing
- Audit of the sales and collection cycle
- Samples for testing, random checks and test methods, including the use of statistical random checks
- Assessment of faults and irregularities, discovered violations of the law, consequences for further auditing and reporting
- Latent obligations
- Events after balance sheet date
- Assessments of the conditions for continued operations
- Audit of the boards annual report, management obligations
- Quality requirements of the audit (including generally accepted auditing standards)
- The auditors reporting to external users, formulation of the auditors report, types of auditors reports
- Sanctions against the auditor
A combination of lectures, cases, plenary and group discussions. Seminars in smaller groups in which the work (written assignments and active participation) are evaluated.
Please note that while attendance is not compulsory in all courses, it is the student’s own responsibility to obtain any information provided in class that is not included on It's learning or text book.
All courses in the Masters programme will assume that students have fulfilled the admission requirements for the programme. In addition, courses in second, third and/or fourth semester can have specific prerequisites and will assume that students have followed normal study progression. For double degree and exchange students, please note that equivalent courses are accepted.
|Exam category||Weight||Invigilation||Duration||Support materials||Grouping||Comment exam|
Form of assessment:
Examination when next scheduled course
|Form of assessment:||Written submission|
|Support materials:|| |
|Resit:||Examination when next scheduled course|
|Arens, Alvin A.; Elder, Randal J.; Beasley, Mark S.; Hogan, Chris||cop. 2014||Auditing and assurance services: an integrated approach||15th ed||Pearson||Kapitlene 1-3 og 5-17 og 24.|
|Beasley, Mark S.||cop. 2015||Auditing cases: an interactive learning approach||6th ed||Pearson|
|Den Norske revisorforening||Siste utg.||Revisors håndbok||Den norske revisorforening||Revisjonsstandarder.|
No importance set
No type set
Notes to students:
Aktuelle artikler og annet materiale utdelt eller henvist til i forelesningene.
Notes to students:
I løpet av kurset kan det bli delt ut materiale på flere emner som er relevante for kurset og eksamen.