This course is an introductory course in auditing at the Master's level. It covers the audit process, International Standards of Auditing (ISAs), and the auditor’s fundamental role in the capital markets system.
Dette er emnebeskrivelsen for studieåret 2021-2022. Merk at det kan komme endringer.
Handelshøgskolen ved UiS
Upon successful completion of this course, the student should be able to:
Demonstrate solid insight into the auditor’s fundamental role in the capital markets system in the world, including insights into societal and stakeholder expectations for auditors
Demonstrate a good understanding of the audit process from an international perspective and the role of Norwegian and international regulators in shaping the professional responsibilities of the auditor
Demonstrate a thorough knowledge of the importance of internal control systems in the audit process, including an understanding of how control systems should be documented and tested
Understand and be able to use the International Standards of Auditing (ISAs)
Make use of key audit concepts, including classes of transactions, account balances and audit assertions
Assess the risk of material misstatement in the financial statements, including the risk of fraud
To plan the audit process, including identifying risks and controls, determining materiality, and defining an audit strategy to be used during an audit
To develop a good understanding of how evidence is obtained, evaluated, and used to provide a basis for evaluating whether financial statements have been prepared according to the applicable financial reporting framework
Demonstrate an understanding of the audit procedures used by the auditor in completing an audit
Demonstrate insight into how the auditor concludes the audit and determines the appropriate audit opinion for the audit report
This course provides an understanding of the external auditor’s regulatory environment and a framework for developing the skill necessary to work as an auditor. These skills include: the ability to apply the knowledge from this course to developing technical competencies in related areas and the ability to analyze relevant professional, research and ethical issues and demonstrate the ability for critical thinking and reflection. The auditor is also expected to be able to understand how professional problems, processes, decisions, and ethical dilemmas are influenced by stakeholder interests, regulators at both the national and international level and social values, and to review evidence, evaluate its relevance, and make a decision consistent with the regulatory requirements of the profession. In addition, the auditor will develop problem solving skills that can be used to make decisions in the general business setting.
Eksamen / vurdering
A - F
Vilkår for å gå opp til eksamen/vurdering
Oppmøte 80%, Obligatoriske innleveringer
There will be six homework assignments and all students must turn in 80% to be certified to take the exam.
Information about the coursework requirements will be announced on Canvas.
Iris Caroline Stuart
The course is delivered as lectures. Integral to the lectures are problem assignments and class discussions. Students should participate in both these activities to obtain the full benefit of the lectures. The student is expected to use 280 hours completing this course.