REV 3617 Auditing

REV 3617 Auditing

Course code: 
REV 3617
Department: 
Accounting, Auditing and Business Analytics
Credits: 
15
Course coordinator: 
Kari Birkeland
Product category: 
Bachelor
Portfolio: 
Bachelor of Accounting and Auditing - Programme Courses
Semester: 
2018 Autumn
Active status: 
Active
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.

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
Workload activityDurationType of durationComment student effort
Teaching90Hour(s)
Prepare for teaching64Hour(s)
Self study120Hour(s)
Group work / Assignments120Hour(s)
Examination6Hour(s)
Expected student effort:
Workload activity:Teaching
Duration:90 Hour(s)
Comment:
Workload activity:Prepare for teaching
Duration:64 Hour(s)
Comment:
Workload activity:Self study
Duration:120 Hour(s)
Comment:
Workload activity:Group work / Assignments
Duration:120 Hour(s)
Comment:
Workload activity:Examination
Duration:6 Hour(s)
Comment:
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.

Talis literature

Obligatorisk/Compulsory

Book
Authors/Editors År Tittel Edition Publisher StudentNote
Gulden, Bror Petter; Den Norske revisorforening 2014 Etikk, moral og revisjon: teori, analyse og handlingsvalg 3. utg Den norske revisorforening  
Gulden, Bror Petter 2015 Den eksterne revisor 9. utg Gyldendal akademisk  
Den Norske revisorforening   Revisors håndbok   Den norske revisorforening Siste utg.
Gulden, Bror Petter 2016 Revisjon: teori og metode 7. utg Cappelen Damm akademisk  
Document
Authors/Editors År Tittel Edition Publisher StudentNote
    Materiale utlevert eller henvist til i forbindelse med forelesningene      

Anbefalt/Recommended

Book
Authors/Editors År Tittel Edition Publisher StudentNote
Gulden, Bror Petter; Haaland, Geir 2017 Revisjon: oppgaver og løsningsforslag 8. utg Cappelen Damm akademisk  
Document
Authors/Editors År Tittel Edition Publisher StudentNote
  2011 RSK 001 Standard for forvaltningsrevisjon   Norges Kommunerevisorforbund  
    NOU 1997: 9 Om revisjon og revisorer   Statens forvaltningstjeneste  
    NOU 2008:12 Revisjonsplikten for små foretak   Finansdepartementet  
    Ot.prp. nr. 75 (1997-98) Om lov om revisjon og revisorer (revisorloven)   Finansdepartementet  
    Ot.prp. nr. 78 (2008-2009) Om lov om endringer i revisorloven og visse andre lover (gjennomføring av revisjonsdirektivet)   Finansdepartementet  
    Innst. O. nr. 25. (1997-98). Innstilling fra finanskomitéen om lov om revisjon og revisorer   Finansdepartementet