REV 3617 Auditing

REV 3617 Auditing

Course code: 
REV 3617
Department: 
Department of Accounting and Operations Management
Credits: 
15
Course coordinator: 
Kari Birkeland
Course name in Norwegian: 
Revisjon
Product category: 
Bachelor
Portfolio: 
Bachelor of Accounting and Auditing - Programme Courses
Semester: 
2017 Autumn
Active status: 
Active
Level of study: 
Bachelor
Teaching language: 
Norwegian
Course type: 
Associate course
Course codes for multi- or associated courses.
REV 3618 høst
REV 3619 vår
Introduction

This course is part of the statutory curriculum for approval as a Norwegian registered public accountant.

Learning outcomes - Knowledge

During the course, students will:

  • Acquire in-depth knowledge of the formal framework for the audit profession. It includes laws , regulations and other authoritative legislation on auditing , auditor independence , impartiality , confidentiality and disclosure / right , liability , criminal liability , election and dismissal of auditors , etc. .
  • Acquire in-depth knowledge of the theoretical foundation for auditing and convenient method for the audit of financial statements.
  • Acquire basic knowledge of normative ethical theories and moral teachings and the ethical and moral issues related to professional practice .
  • Students will also acquire basic knowledge of auditing in the public sector.
Learning outcomes - Skills

After completing the course , students will :

  • Have the necessary theoretical and practical skills to participate as an auditor employees in the audit of the financial statements for the audited entity undertaking, in accordance with the requirements of laws , regulations and international auditing standards.
  • Have basic knowledge of auditing and participate as employees of auditing in the public and private sectors.
Learning Outcome - Reflection

Students will develop an awareness of the importance of the audit as a prerequisite for a well functioning financial market of the auditor's role as a trustful person for the general public and the requirements for integrity and objectivity of the auditor.

Course content
  • The auditing profession and the regulatory framework for auditors
  • Ethical issues
  • Audit theory
  • Planning and execution of audit an assignment
  • Auditing and corporate governance
Learning process and requirements to students

The course is taught in teaching sessions over two terms. The students are enrolled in each semester, the course in the autumn term is named REV 3618 and the course in the spring term REV 3619. Teaching is based on 120 lecturing hours, 60 hours each term. 

A teaching plan for the term with reference to the curriculum is distributed at the beginning of each term. In the spring term, there is a voluntary trial exam, and the students' answers are evaluated, marked and commented upon.

Software tools
No specified computer-based tools are required.
Additional information

The candidate must have grade C or better at the exam in this course in order to be approved as a registered auditor. (registrert revisor).

Re-sit examiniation
Re-sit examination is offered every semester for REV 36172 and 36173.

For the previous version of the course REV 36171 re-sit examination is offered autumn 2017, and last time spring 2018.

Qualifications

Higher Education Entrance Qualification

Required prerequisite knowledge

The first two years of the programme or equivalent.

Exam categoryWeightInvigilationDurationSupport materialsGroupingComment exam
Exam category:
Submission
Form of assessment:
Written submission
Exam code:
REV36172
Grading scale:
Pass/fail
Grading rules:
Internal and external examiner
Resit:
Examination every semester
0Yes3 Hour(s)
  • BI-approved exam calculator
  • Simple calculator
  • Compilation of laws
  • Offprint of laws and regulations
  • Compilation of tax laws
  • Book: Langfeldt, S. F. "Lov og rett for næringslivet" or offprints of laws
  • Auditor's manual / Offprint without comments
Individual
Exam category:
Submission
Form of assessment:
Written submission
Exam code:
REV36173
Grading scale:
ECTS
Grading rules:
Internal and external examiner
Resit:
Examination every semester
100Yes 6 Hour(s)
  • BI-approved exam calculator
  • Simple calculator
  • Compilation of laws
  • Offprint of laws and regulations
  • Compilation of tax laws
  • Book: Langfeldt, S. F. "Lov og rett for næringslivet" or offprints of laws
  • Auditor's manual / Offprint without comments
Individual
Exams:
Exam category:Submission
Form of assessment:Written submission
Weight:0
Invigilation:Yes
Grouping (size):Individual
Support materials:
  • BI-approved exam calculator
  • Simple calculator
  • Compilation of laws
  • Offprint of laws and regulations
  • Compilation of tax laws
  • Book: Langfeldt, S. F. "Lov og rett for næringslivet" or offprints of laws
  • Auditor's manual / Offprint without comments
Duration:3 Hour(s)
Comment:
Exam code: REV36172
Grading scale:Pass/fail
Resit:Examination every semester
Exam category:Submission
Form of assessment:Written submission
Weight: 100
Invigilation:Yes
Grouping (size):Individual
Support materials:
  • BI-approved exam calculator
  • Simple calculator
  • Compilation of laws
  • Offprint of laws and regulations
  • Compilation of tax laws
  • Book: Langfeldt, S. F. "Lov og rett for næringslivet" or offprints of laws
  • Auditor's manual / Offprint without comments
Duration: 6 Hour(s)
Comment:
Exam code: REV36173
Grading scale:ECTS
Resit:Examination every semester
Exam organisation: 
Ordinary examination
Total weight: 
100
Student workload
ActivityDurationComment
Teaching
90 Hour(s)
Prepare for teaching
64 Hour(s)
Student's own work with learning resources
120 Hour(s)
Group work / Assignments
120 Hour(s)
Examination
6 Hour(s)
Sum workload: 
400

A course of 1 ECTS credit corresponds to a workload of 26-30 hours. Therefore a course of 15 ECTS credit corresponds to a workload of at least 400 hours.