This programme is designed to meet the significant demand for expertise in accounting and auditing.

The programme is particularly suited for students planning careers in finance, internal monitoring, internal auditing, accounting, reporting and/or external auditing of companies or institutions that require specialist knowledge of accounting and auditing.

Is the program for you??

• Are you interesting in account, finance or internal auditing?

• Do you want a graduate programme that leads to good career opportunities?

• Are you interested in gaining practical professional knowledge?

What is the study about?

This is a highly practical programme conferring an MS degree in accounting and auditing.

The programme is designed to prepare students for challenging and complex careers in accounting and auditing. Employers are increasingly looking for people with expertise in this area, especially in companies with shares and/or bonds on the securities market. The programme will suit students aiming at careers in internal auditing, planning, risk management, internal monitoring and other areas.

Programme structure

The programme is 120 ECTS and is organised as two years of full-time study.

The programme is made up of:

90 ECTS in mandatory courses, a total of 12 courses covering:

• auditing

• accounting

• legal environment

30 ECTS final project, completed in pairs.

Course topics include:

• Automation and artificial intelligence in auditing

• Auditing and the environment

• Auditing procedures

• Fair value accounting

• Company and liquidation law

• Management auditing and public finances

• Valuation techniques, financial position and going concern

Organisation of teaching

Courses are taught in blocks of seven weeks. Two courses are taught during each block. Final exams are held in the eighth week.

This programme is taught in Icelandic but most textbooks are in English.

The programme is designed to be completed through face-to-face learning, but students living outside the capital area can apply to attend lectures through Zoom.

Main objectives

The programme aims to increase students’ knowledge and skills in accounting and auditing in order to meet the high demand for expertise in this area.

Other

A 90 ECTS programme, which does not require students to write a thesis, is also available. Students on the 90 ECTS programme graduate with an M.Acc degree.

Completing the programme qualifies you to work as an audit trainee at an audit office. After you have a Master’s degree in accounting and auditing, as well as the required work experience, you can sit the exam to become a certified auditor. The exam is organised by the Audit Council (Endurskoðendaráð).

Completing the programme allows you to apply for doctoral studies.

• See doctoral programmes at the School of Social Sciences