Topics in Auditing

MRR445 Topics in Auditing

  • Innhold

    Innhold

    • Professional judgments (WM)
    • Materiality (WM)
    • Accounting estimates and audit reporting (WM)
    • Audit evidence (TM)
    • Fraud auditing (TM)
    • Analytical auditing (TM)
    • "Big data" and audit data mining (TM)
    • Going concern/bankruptcy (TM)
    • Ethics and auditor independence (LP)
    • Corruption and anti-corruption measures (TS)
    • Financial instruments (FK)
    • Audit of group financial statements (TT)
    • Audit of related party transactions (TT)

  • Læringsutbytte

    Læringsutbytte

    Knowledge and skills - upon successful completion the student shall

    • Know the components of and threats to good professional judgment and be able to apply good professional judgment in audits
    • Know the significance of accounting estimates and audit reporting and be able to apply this knowledge in an audit
    • Know how to apply materiality to all phases of the audit
    • Know the nature of and how financial statement assertions, audit evidential matter, and audit evidence are conceptually related and be able to apply this knowledge in an audit
    • Know the professional obligations relating to fraud detection, required fraud procedures, and application of fraud detection models
    • Know the professional requirements for using analytical auditing, have the ability to use different analytical models, and know research on the most effective analytical audit practice approaches
    • Understand the potential sources of audit related ¿Big Data¿, how a Hadoop dataspace can unify multiple data sources, and audit data mining techniques are applied in an audit
    • Know how to predict going concern problems, the nature and implications of going concern audit reports, and institutional issues which affect going concern disclosure rates and be able to apply this knowledge in an audit
    • Understand how to approach ethical dilemmas, why independence is the cornerstone of the profession and challenges to auditor independence and be able to apply this knowledge as practicing auditor
    • Understand the causes and consequences of corruption, how anti-corruption measures may reduce the risk of corruption, and the auditor¿s role in fighting corruption
    • Know the special considerations that apply to group audits, including those that involve component auditors and be able to apply this knowledge in a group audit
    • Know the auditor¿s responsibilities regarding related party relationships and auditing of related parties transactions and be able to apply this knowledge in an audit
    • Understand the reporting, internal control and auditing of financial instruments

    General competence - upon successful completion the student shall

    • Have general professional practice competence through in-depth understanding of audit theory, audit concepts, and current challenging auditing issues

    Be able to communicate with both specialist and non-specialists about the topics covered in the course

  • Undervisningsopplegg

    Undervisningsopplegg

    The course covers research and professional literature as well as problems/cases. There is a substantial amount of reading. It is expected that you are prepared to each class (i.e., you have read the material in advance). In a graduate course, it is desirable to have significant instructor/student discussions. Student preparation for and participation in discussions of problems/cases are an important part of the learning process.

    The course is taught intensively over 2 weeks, supplemented with additional separate lectures.

  • Krav til forkunnskaper

    Krav til forkunnskaper

    Auditing knowledge similar to MRR 411 Revisjon (auditing). MRR 411 covers chapters 1-6, 8-11, 13 and 17-18 of Auditing & Assurance Services Third International Edition, Eilifsen, Messier Jr., Glover and Prawitt, 2014.

  • Krav til kursgodkjenning

    Krav til kursgodkjenning

    Group assignments covering problems/cases of course topics. Three to five students participate in each group. Presence and participation in student presentations, case discussions and problems are required.

  • Vurderingsform

    Vurderingsform

    The final grade will be based on a four hour written exam covering the curriculum, including lectures, assignments, student presentations, case discussions, and problems.

  • Karakterskala

    Karakterskala

    Grading A - F

  • Undervisningssemester

    Undervisningssemester

    Autumn

  • Litteratur

    Litteratur

    Research articles, professional articles, and audit cases. The lectures and classes are considered part of the curriculum.

Oppsummering

Studiepoeng
7.5
Undervisningsspråk
English and Norwegian
Semester
Høst

Kursansvarlig

Professor Aasmund Eilifsen