MAN 2215/2216/2227/2228 Internal Auditing; Governance - Risk Management - Internal Control

APPLIES TO ACADEMIC YEAR 2016/2017
Norwegian version

MAN 2215/2216/2227/2228 Internal Auditing; Governance - Risk Management - Internal Control


Responsible for the course
Flemming Ruud

Department
Department of Accounting - Auditing and Business Analytics

Term
According to study plan

ECTS Credits
30

Language of instruction
Norwegian

Introduction
The Executive Master of Management Program Internal Auditing; Governance - Risk Management - Internal Control gives participants an in-depth understanding of the interaction between the established strategies and goals of enterprises and organisations, and how they can act to ensure that the goals are achieved in an cost-effective manner. This includes how internal auditing, active risk management and internal control can contribute to effective corporate governance.

Learning outcome
Acquired knowledge

After having competed the program, students shall have acquired advanced and thorough knowledge within the main fields covered by the program which includes:

  • How effective governance helps to improve processes that contribute to achieve objectives, increase shareholder values and ensure that employees behave ethically
  • How organizations apply risk management to identify undesired incidents and manage them, in addition to exploring opportunities
  • How organizations organize and apply internal control to manage the organization appropriately, risk and correct undesired incidents
  • How internal auditing contributes to the governance of organizations, including how internal auditing can evaluate and add assurance that processes work, and that the interaction between various functions such as compliance, controlling, quality assurance, risk management, etc. contribute to achieving organisational objectives
  • Awareness of development and research within the mentioned areas.

Acquired skills
The candidate shall be capable of analyzing and understanding the organization's need for structures and processes that are important for effective governance, and how these structures and processes can contribute to the achievement of organizational objectives, including evaluating the potential for improvement

The candidate shall be able to
  • Identify possible risk aspects and analyze them as to probability and consequences
  • design appropriate governance and internal control systems to handle identified risk aspects
  • deal with situations described by the management and the board, which includes examining and adding assurance and describing what actions must be taken
  • design and perform internal auditing projects that contribute to the achievement of objectives

General competence / reflection
The candidate shall be able to apply acquired knowledge, see the connections related areas of knowledge and understand the significance of the topics in relation to the organization's objectives and to relevant developments in society. Employees shall see how their attitudes and behavior have a direct influence on how the organization is perceived and regarded in society.

Prerequisites
Bachelor degree, corresponding to 180 credits, and 4 years of work experience. Please consult our student regulations.

Compulsory reading
Books:
1994. Internal control - integrated framework. Committee of Sponsoring Organizations of the Treadway Committee
1996. Intern kontroll : et integrert rammeverk : oversettelse av COSO-rapporten. Cappelen akademisk forlag. 180 sider. Originaltittel: Internal control - integrated framework, Committee of Sponsoring Organizations of the Treadway Committee. (Samling 2)
Kristiansen, Marita og Marte Solberg. 1997. Forvaltning, styring og kontroll : CoCo-rapporten. Cappelen akademisk forlag : Norges interne revisorers forening. 100s. Originaltittel: Control and governance, Canadian Institute of Chartered Accountants. (Samling 1 og 2)
Reding, Kurt R ... [et al.]. 2013. Internal Auditing - Assurance & Advisory Services. 3rd ed. IIA Research Foundation

Articles:
Ruud, T.F. 2000. Assurance services : nye muligheter for revisors yrkesutøvelse (del 1). Revisjon og Regnskap. nr. 7. s. 20-26
Ruud, T.F. 2001. Assurance services : nye muligheter for revisors yrkesutøvelse (del 2). Revisjon og Regnskap. nr. 4. s. 52-59

Other:
COSO / Norges Interne Revisors Forening. 2005. Helhetlig risikostyring. Originaltittel: Enterprise Risk Management, COSO, 2004.
Institute of Internal Auditors. 2013. Codification of Standards for the Professional Practice of Internal Auditing incl. Practice Advisories for the Professional Practice of Internal Auditing. Institute of Internal Auditors, Altamonte Springs, Fla.
Materiale som forelesere henviser til i forelesninger slik som GTAG, Positions Papers, standarder mv.
OECD Principles of Corporate Governance. 2013. Paris: OECD
Relevante lover og forskrifter
Senter for Statlig Økonomistyring. Senter for Statlig Økonomistyring; Risikostyring i staten. www.sfso.no/upload/forvaltning_og_analyse/risikostyring/Metodedokument%20nettversjon_jan08.pdf
The London Stock Exchange. Combined Code


Recommended reading

Course outline
  • Corporate Governance - and understanding of the organizational and strategies
  • Risk management - what prevents achievement of the strategies?
  • Assurance services - confirmation of information
  • Internal auditing - work methodology
  • Qualify assurance, standards and control concepts
  • Relationships to and cooperation with other auditing functions
  • Control Risk Self Assessment
  • Communication with board and top management - reporting
  • The consulting role of auditors
  • Organization and management of auditing
  • Professional ethics

    Computer-based tools


    Learning process and workload
    The programme has five course modules of four days, a total of 150 lecturing hours. Project tutorials differ in each Master of Management program. It will consist of personal tutorials and tutorials given in class. Generally the students may expect consulting tutorials, not evaluating tutorials. The total hours of tutorials offered is estimated to two hours pr. students following an ordinary Master of Management program. For students taking the program as their final Master of Management program the tutorials offered are estimated to a total of six hours per term paper.


    Examination
    The students are evaluated through a term paper, counting 18 credit hours and an individual written exam, counting 12 credit hours. Both evaluations must be passed to obtain a certificate for the program. The term paper may be written individually or in groups of maximum three persons.

    For students taking this program as their final Master of Management Program the following applies:
    The students are evaluated through a term paper, counting 24 credit hours and an individual written exam, counting 6 credit hours. The term paper may be written individually or in groups of maximum two persons. Both evaluations must be passed to obtain a certificate for the program.
    Examination code(s)
    MAN 22151 - term paper; 18 credits; counts 100 % to pass the program MAN 2215
    MAN 22161 - written exam; 12 credits; counts 100 % to pass the program MAN 2216.
    Both evaluations must be passed to obtain a certificate for the program.

    For students taking this program as their final Master of Management Program the following applies:
    MAN 22271 - Term paper; 24 credits; counts 100 % to pass the program MAN 2227.
    MAN 22281 - individual written exam; 6 credits; counts 100 % to pass the program MAN 2228.
    Both evaluations must be passed to obtain a certificate for the program.

    Examination support materials
    BI-approved exam calculator TEXAS INSTRUMENTS BA II PlusTM

    Re-sit examination
    At the next ordinary exam.

    Additional information

    Semester

    Oversettelser