GRA 6274 Auditing II and III: Advanced Topics in Auditing - RESIT EXAMINATION
GRA 6274 Auditing II and III: Advanced Topics in Auditing - RESIT EXAMINATION
First resit examination was spring 2017.
The purpose of external financial auditing is to attest in the auditors report that the financial statements have been prepared according to relevant legislation, rules and standards. This task is supplemented by related tasks with an independent purpose or that are included in the basis for financial auditing.
The purpose of Auditing II and III is to give the students an in-depth understanding of the interaction between the objectives and strategies of companies and how accounting systems and internal control can help achieve those objectives. The students should understand the quality features of various systems solutions and accounting as well as related tasks. The objective and professional practice of internal auditing tasks are introduced and corresponding international standards are discussed.
Based on prior auditing courses, this course covers selected major areas of study within auditing that are especially important for the auditors profession and work. The auditors general conditions and the design and content of the audit report are important themes.
Particular emphasis is placed on recent international developments in auditing, including new legislation and its impact on auditing (the US Sarbanes Oxley Act), various types of assurance services, etc. Further subjects to be covered include financial crime and criminal procedure factors, and auditing for other purposes such as public audits, environmental audits, due diligence, etc.
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Auditing II
- Data protection
- Databases, excerpts, extractions, control systems and electronic signatures
- Data exchange between accounting systems
- Operational auditing and quality auditing
- Internal audit
- IT auditing, IT-risks and controls
- Standards and models for IT-audits: good IT practice, ISACA and ITIL
- IT and statutory financial auditing
Auditing III
- Errors and Irregularities, RS 240 and related standards
- Financial crime, corruption, misappropriation of funds, tax evasion
- Money laundering
- Environmental auditing
- Criminal procedure
- Sarbanes-Oxley legislation
- Other certification tasks than financial audit
- Auditing of the public sector
- The auditors external conditions
- The audit report
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 itslearning 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.
GRA 6257 Audit Theory and Methodology
Exam category | Weight | Invigilation | Duration | Support materials | Grouping | Comment exam |
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Exam category: Submission Form of assessment: Written submission Exam code: GRA62741 Grading scale: ECTS Grading rules: Internal and external examiner Resit: Examination when next scheduled course | 100 | Yes | 6 Hour(s) |
| Individual |
A course of 1 ECTS credit corresponds to a workload of 26-30 hours. Therefore a course of 12 ECTS credit corresponds to a workload of at least 320 hours.