Course - Auditing I - BMRR4050
BMRR4050 - Auditing I
About
Examination arrangement
Course content
The students will learn about auditors and auditing, audit methodology and the application of international auditing standards in the audit of corporate reporting, with a main focus on the audit of the information in the income statement and balance sheet in the financial statements. The subject also includes current legal regulation of auditing and the auditing profession.
Learning outcome
Knowledge: After completing the course, the students should have
- knowledge of the auditor as a trust agent of society and guarantor for the trust in financial information and sustainability information in financial markets
- knowledge about statutory requirements for the professional practice of both state authorized public accountants (statsautorisert revisor) and state-authorised accountants (book-keepers), including anti-money laundering regulations, as well as the role and tasks of the Financial Supervisory Authority
- knowledge about audit methodology and international auditing standards for financial auditing (ISAs), including advanced knowledge about risk and materiality assessments, including the risk of intentional errors and fraud
- knowledge about collection and evaluation of evidence to determine what is true and fair information and what is not
- knowledge about the design of audit reports and other regulated communication forms within financial auditing and attestation of sustainability information
Skills: After completing the course, students can
- describe and discuss the audit process
- identify and discuss the risk of material misinformation in corporate reporting, can suggest appropriate responses to identified risk, both test of controls, including information processing controls and general IT controls, and analytical substantive procedures and tests of details
- apply acquired knowledge to identify, discuss, and solve problems, that an auditor must consider in their professional practice
General Competence:
- The course should contribute to the students developing general competence in accordance with the learning outcomes described at the program level, including the development of an analytical mindset and critical thinking.
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Learning methods and activities
The course is intended for students who actively participate in learning activities on campus, and active participation on campus in mandatory activities is required to gain access to sit for the exam. There will be 1 mandatory activity in the course, which may consist of several sub-activities that must be completed, including submissions, participation in prepared discussions, and student presentations. In addition, there will be plenary lectures and individual work with literature, regulations, standards, and tasks.
Compulsory assignments
- Assessment 1
Further on evaluation
It is required that mandatory work is completed and approved to be able to sit for the exam. Mandatory activity can only be carried out in the teaching semester, that is, in the spring semester. See more about this under 'Learning forms and activities'.
Written school exam, Inspera, 4 hours. Aid code D. Lovdata Pro, access only to laws, regulations. Only reference notes.
The exam is offered in the regular examination period, each semester. No re-sit exam. The exams in spring 2025 and autumn 2025 are based on teaching and references from spring 2025.
Specific conditions
Admission to a programme of study is required:
Accounting and Auditing (MRR)
Recommended previous knowledge
The course builds on the students in advance have knowledge equivalent to the courses in the first semester of the master in accounting and auditing program (MRR), that is, knowledge of Norwegian corporate law, Norwegian tax and VAT law, accounting and financial reporting, and knowledge of valuation, and skills to solve accounting problems. In the teaching sessions, it is assumed that the students have a good understanding of accounting in advance, including familiarity with both Norwegian accounting legislation (N-GAAP) and IFRS.
Required previous knowledge
None
Course materials
To be announced at the beginning of and during the course. Auditing standards, laws and regulations within the auditor's field of work will be included in the syllabus.
No
Version: 1
Credits:
7.5 SP
Study level: Second degree level
Term no.: 1
Teaching semester: SPRING 2025
Language of instruction: Norwegian
Location: Trondheim
- Economics and Administration
- Management Accounting and Control
Examination
Examination arrangement: School exam
- Term Status code Evaluation Weighting Examination aids Date Time Examination system Room *
- Autumn ORD School exam 100/100 D , LOVDATA INSPERA
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Room Building Number of candidates - Spring ORD School exam 100/100 D , LOVDATA INSPERA
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Room Building Number of candidates
- * The location (room) for a written examination is published 3 days before examination date. If more than one room is listed, you will find your room at Studentweb.
For more information regarding registration for examination and examination procedures, see "Innsida - Exams"