Table of contents

The course is connected to the following study programs

Teaching language

English.

Recommended previous knowledge

BE-211 Corporate Governance and Accounting

Learning outcomes

Upon successful completion of this course the students should be able to:
  • demonstrate solid insight in the auditor's fundamental role in capital markets, including insights to society and stakeholder expectations for auditors
  • demonstrate solid understanding of the process of auditing in an international perspective, background for regulation and the factors that shape the content of a modern audit
  • to interpret and make use of International Standards of Auditing (ISAs) used in Norway
  • make use of the audit concept on key classes of transactions and accounts
  • assess the risks of financial statements containing material misstatements, including fraud
  • demonstrate a thorough knowledge of the importance of internal control systems for auditing purposes and how the audit can build upon such systems
  • plan an audit process, identifying risks and controls, determine materiality and define a appropriate approach to the auditing
  • demonstrate a solid insight to how audit evidence is obtained, evaluated and provides a basis for validating financial information
  • demonstrate insight to what procedures the auditor follows completing the audit
  • demonstrate insight to how the auditor conclude and formulate the opinion on the financial statements, in the audit report

Contents

This course provides an understanding of the external auditor's regulatory framework and the methodological foundation for exercising auditor profession, including the qualities of a good internal control.

Teaching and learning methods

Lectures and group work. Estimated workload is about 200 hours.

Examination requirements

Approved compulsory assignment. Information will be given in Canvas at the start of the semester.

Examinations

4-hour written examination with letter grades.

Due to grade requirements for state authorised public accountants, a regular examination will be held both autumn and spring.

Student evaluation

The person responsible for the course, in consultation with the student representative, decides the method of evaluation and whether the courses will have a midterm- or end of term evaluation, see also the Quality System, section 4.1. Information about evaluation method for the course will be posted on Canvas.

Admission for external candidates

No

Reduction of Credits

This course’s contents overlap with the following courses. A reduction of credits will occur if one of these courses is taken in addition:

Course Reduction of Credits
RE-404 – The Auditor’s Role and Auditing. 7.5
Last updated from FS (Felles studentsystem) Oct. 15, 2026 7:56:06 AM