GRA 6274 Auditing II and III: Advanced Topics in Auditing - RESIT EXAMINATION

GRA 6274 Auditing II and III: Advanced Topics in Auditing - RESIT EXAMINATION

Course code: 
GRA 6274
Department: 
Department of Accounting and Operations Management
Credits: 
12
Course coordinator: 
Flemming T. Ruud
Erlend Kvaal
Course name in Norwegian: 
Revisjon II og III: Internkontroll, IT og samspillet mellom revisjonsformer - RESIT EXAMINATION
Product category: 
Master
Portfolio: 
Master of Accounting and Auditing
Semester: 
2018 Spring
Active status: 
Re-sit exam
Resit exam semesters: 
2018 Spring
2019 Spring
Resit exam info

First resit examination was spring 2017.

Teaching language: 
Norwegian
Course type: 
One semester
Introduction

The purpose of external financial auditing is to attest in the auditor’s 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.

Learning outcomes - Knowledge

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 auditor’s profession and work. The auditor’s 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.

Learning outcomes - Skills

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Learning Outcome - Reflection

-

Course content

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 auditor’s external conditions
  • The audit report
Learning process and requirements to students

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.

Software tools
No specified computer-based tools are required.
Qualifications

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.

Required prerequisite knowledge

GRA 6257 Audit Theory and Methodology

Exam categoryWeightInvigilationDurationSupport materialsGroupingComment exam
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
100Yes6 Hour(s)
  • BI-approved exam calculator
  • Simple calculator
  • Bilingual dictionary
  • Laws and offprints of laws - Choose one: 1) Norges Lover 2) Ole Gjems-Onstad: Skattelovsamling, Gyldendal forlag 3) Erik Friis Fæhn: Jarøy skattelovsamling, Jacob Jarøy Forlag 4) Sverre Faafeng Langfeldt: Lov og rett for næringslivet, Universitetsforlaget
  • Individual Savings Account, ISA in Norwegian (document)
  • Auditor's manual / Offprint without comments
Individual
Exams:
Exam category:Submission
Form of assessment:Written submission
Weight:100
Invigilation:Yes
Grouping (size):Individual
Support materials:
  • BI-approved exam calculator
  • Simple calculator
  • Bilingual dictionary
  • Laws and offprints of laws - Choose one: 1) Norges Lover 2) Ole Gjems-Onstad: Skattelovsamling, Gyldendal forlag 3) Erik Friis Fæhn: Jarøy skattelovsamling, Jacob Jarøy Forlag 4) Sverre Faafeng Langfeldt: Lov og rett for næringslivet, Universitetsforlaget
  • Individual Savings Account, ISA in Norwegian (document)
  • Auditor's manual / Offprint without comments
Duration:6 Hour(s)
Comment:
Exam code:GRA62741
Grading scale:ECTS
Resit:Examination when next scheduled course
Exam organisation: 
Ordinary examination
Total weight: 
100
Sum workload: 
0

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.