revisjon

Revisjon is a term used in Norwegian to describe the systematic examination and evaluation of an organization’s records, controls, and operations to determine that they are accurate, reliable, and in compliance with applicable laws and standards. While it is most commonly associated with auditing financial statements, revisjon can also refer to the revision or updating of documents, laws, or software, depending on the context.

In finance, revisjon encompasses both external audits conducted by independent revisorer (auditors) and internal revisions carried out by an internal audit function. External revisjon provides an opinion on whether the financial statements give a true and fair view of the entity’s financial position and performance; it is often required by law for corporations, financial institutions, and public bodies. Internal revisjon focuses on risk management, internal controls, and operational efficiency, and reports to the board or audit committee.

The typical revisjon process includes planning, risk assessment, testing of controls and substantive procedures, evidence gathering, evaluation of findings, and reporting. Auditors assess material misstatements, determine control risk, and issue an audit report called a revisjonsberetning. Internal auditors may issue management letters with recommendations for improvements.

Revisjon is guided by auditing standards and professional ethics, emphasizing independence, integrity, objectivity, confidentiality, and professional skepticism. In addition to the financial domain, the concept of revision also appears in editing or updating texts, laws, or software, where it denotes making changes to reflect new information or requirements. Overall, revisjon serves to enhance reliability, accountability, and governance across organizations.