REV 3677 Business Law - RE-SIT EXAMINATION
REV 3677 Business Law - RE-SIT EXAMINATION
The course was taught for the last time in the academic year 2019/2020. Last re-sit examinations are offered in the fall of 2020 and the spring of 2021.
| REV 3678 høst | |
| REV 3679 vår |
The students shall acquire an adequate legal understanding of central issues in the statutory framework that are important in auditing.
The students shall be able to identify legal issues and be capable of analyzing a problem complex on the basis of legal sources. The students shall be able to give an account of legal factors and responsibility related to auditing tasks in the private business sector, organizations and the public sector.
The students shall develop ability for ethical thinking, i.e. ethical traditions, norms and values in modern society. This ability will contribute to an increased understanding of laws, regulations and case law and to developing the students ability to deal with ethical problems in a conscious manner.
The legal system
- Sources of law and legal methods
Administrative law
- The concepts of administrative law. The Civil Services Act, the Open Files Act and the Ombudsman Act are discussed. Special emphasis is placed on the rules of procedure, the legal competence rules, party rights and the right to lodge complaints.
Contract law
- Contract formation (Contract Act, Ch. 1). The law of agency (Contract Act Ch. 2) Contractual invalidity rules (Contract Act Ch. 3, etc.) The rules concerning the legal capacity of minors, the incapacitated and the insane to act.
Law of sales
- The concepts of the law of sales. Consumer protection. The rules of law concerning delays and defects. Contractual law of tort.
Law of negotiable instruments
- The common provisions on contracting a monetary claim and the content of these provisions, as well as overdue payment, counterclaims, limitation and joint liability (including guarantees). In-depth coverage of the law and rules on debt instruments, bearer debt instruments and simple debt instruments.
Law of mortgages and pledges
- Study of the law of mortgages and pledges with a review of the various groups of pledges and the various pledging methods with a special focus on the legal protection rules.
Company law
- The Partnerships Act and the Companies Act with a special emphasis on mortgage rules, decision-making processes, practice of authority and company representation. Related issues are also discussed such as the law of business names, the law of procuration.
Law of property and bona fide purchase
- An introduction is given to the rules on what applies when the seller was not entitled to sell or give up the object/property.
Debt negotiations and bankruptcy
- An introduction is given to the main rules of the debt enforcement law and an overall presentation of the law of bankruptcy with a special emphasis on the bankruptcy terms, annulment rules and the contractual obligations of the debtor in bankruptcy. A review of the economic terms for spouses/cohabitants with the main emphasis on the rules that are important for their creditors.
Financial crime
- Selected parts of the Criminal Code, the Accounting Act, the Tax Assessments Act, the Tax Payment Act and the Value Added Tax Act.
The course is taught over two terms with a total of 90 teaching hours organized in the following way:
The first part of the course REV 3678 is taught in the autumn semester with 27 lecture hours and 8 seminar hours for written assignments. The autumn term ends with a 3-hour individual written exam that is graded pass/fail.
The second part of the course REV 3679 is taught in the spring term with 41 hours of lectures and 14 seminar hours for assignments. The spring term ends with a 6-hour individual written examination.
Before each lecture students are expected to study the syllabus and the subject to be lectured on. The assignment programme is extensive and the purpose is for the students to apply actual knowledge and to practice solving assignments. The students are expected to acquire knowledge of parts of the syllabus through self-tuition.
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 36771 and REV 36772.
Higher Education Entrance Qualification
Covid-19
Due to the Covid-19 pandemic, there may be deviations in teaching and learning activities as well as exams, compared with what is described in this course description.
No specific prerequisites is required
| Assessments |
|---|
Exam category: Submission Form of assessment: Written submission Invigilation Grouping: Individual Support materials:
Duration: 3 Hour(s) Exam code: REV36771 Grading scale: Pass/fail Resit: Examination every semester |
Exam category: Submission Form of assessment: Written submission Invigilation Weight: 100 Grouping: Individual Support materials:
Duration: 5 Hour(s) Comment: Both exams must be passed to obtain a final grade in the course. Exam code: REV36772 Grading scale: ECTS Resit: Examination every semester |
All exams must be passed to get a grade in this course.
| Activity | Duration | Comment |
|---|---|---|
Teaching | 43 Hour(s) | |
Feedback activities and counselling | 12 Hour(s) | |
Prepare for teaching | 50 Hour(s) | |
Student's own work with learning resources | 107 Hour(s) | |
Group work / Assignments | 40 Hour(s) | |
Examination | 8 Hour(s) |
A course of 1 ECTS credit corresponds to a workload of 26-30 hours. Therefore a course of 10 ECTS credit corresponds to a workload of at least 270 hours.