Course content

The course builds upon the foundational concepts explored in Auditing I, getting deeper into the intricacies of the audit and, the techniques and methodologies employed by auditors during audits. Its objective is to equip students with a comprehensive understanding of auditing theories, enabling them to conduct audits with greater proficiency. The curriculum of encompasses vital subjects including audit quality, auditor professional judgment, professional skepticism, IT audit, cyber security risk, and assurance of sustainability reporting. Throughout the course, we emphasize the application of irrefutable audit theories and knowledge derived from research, forming an essential basis for our teaching approach.

Learning outcome

Knowledge and understanding

Upon completion of the course, students should be able to:

• Understand audit concepts and legal requirements and standards for financial auditing and assurance of sustainability reporting
• Understand the key techniques and methodologies for performing audits and assurance engagements with high quality
• Have knowledge of how cyber risks, IT and AI affects audit risk, audit quality and the performance of audits and assurance engagements
• Understand and explain the current topics in auditing

Competence and skills

• Be able to demonstrate an analytical mindset, apply research-based knowledge and critical thinking in argumentation, evaluation and reflection on regulatory requirements and practice
• Be able discuss methods, technology, and digital tools in audit and assurance work
• Be able to identify and justify solutions to audit- and assurance problems
• Be able to reflect on the importance of judgment and professional scepticism in the performance of audit and assurance engagements

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 the ability to think critically.

Learning methods and activities

Various forms of work and learning activities will be used, with a combination of lectures, own work with literature and other sources, and mandatory activity / participation in group work and seminars. The course is suitable for students who participate in learning activities on campus, and it is necessary to participate in mandatory activities on campus, to be allowed to sit for the exam. There will be 1 mandatory activity in the course, which consists of several sub-activities, including participation in prepared presentations and discussions. Dates for and more detailed requirements for mandatory participation will be announced early in the teaching semester. Language: English. However, a few lectures and some material will be in Norwegian.

Compulsory assignments

• 70% attendance and participation in seminar teaching on campus.

Specific conditions

Recommended previous knowledge

BMRR4030 and BMRR4050, and basic knowledge of the organization and management of companies, corporate law, and a basic understanding of IT

Required previous knowledge

None

Course materials

Literature references are given at the beginning of the semester and during the course.