This course provides an intensive conceptual and applied introduction to auditing in society. It focuses on concepts and applications related to financial-statement auditors’ professional responsibilities as well as major facets of the audit process including risk assessment and audit reporting. In the U.S. financial-statement audits and related services generally are provided by Certified Public Accountants (CPAs). To succeed in this course, you should anticipate engaging in critical thinking and thoughtful communication about audit professionals' decision environments, decision processes, and deliverables. Additionally, you should understand the macro-level learning objectives in each of the course's weekly modules.
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Auditing I: Conceptual Foundations of Auditing
University of Illinois at Urbana-Champaign
About this Course
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Learner Career Outcomes
50%
got a tangible career benefit from this course
Learner Career Outcomes
50%
got a tangible career benefit from this course
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Flexible deadlines
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Approx. 34 hours to complete
Suggested: 4 hours/week
English
Subtitles: English
Syllabus - What you will learn from this course
1 hour to complete
About the Course
In this module, you will become familiar with the course, your instructor and your classmates, and our learning environment. This orientation will also help you obtain the technical skills required to navigate and be successful in this course.
1 hour to complete
2 videos (Total 4 min), 5 readings, 1 quiz
5 readings
Syllabus10m
Learn More About Auditing as a Career Path10m
About the Discussion Forums10m
Update Your Profile10m
Build a Learning Community with Social Media10m
1 practice exercise
Orientation Quiz30m
2 hours to complete
MODULE 1: Auditing is a form of Assurance
2 hours to complete
8 videos (Total 50 min), 1 reading, 3 quizzes
8 videos
What Is Assurance & Attestation Part I8m
What Is Assurance & Attestation Part II4m
What is Assurance & Attestation Part III10m
Why Study Assurance & Attestation Part I11m
Why Study Assurance & Attestation Part II6m
Why Study Assurance & Attestation Part III5m
Why Study Assurance & Attestation Part IV2m
1 reading
Module 1 Overview and Resources10m
3 practice exercises
Lesson 1.1 Knowledge Check10m
Lesson 1.2 Knowledge Check30m
Module 1 Quiz30m
4 hours to complete
MODULE 2: The Demand for High Quality Auditing
4 hours to complete
10 videos (Total 69 min), 1 reading, 5 quizzes
10 videos
The Market Game: A Step-by-Step Illustration Part I11m
The Market Game: A Step-by-Step Illustration Part II10m
The Market Game: Debriefing Part I5m
The Market Game: Debriefing Part II6m
The Market Game: Implications for Auditing Part I4m
The Market Game: Implications for Auditing Part II6m
The Market Game: Implications for Auditing Part III5m
Impact of Auditing on Financial Reporting Part I9m
Impact of Auditing on Financial Reporting Part II7m
1 reading
Module 2 Overview and Resources10m
4 practice exercises
Lesson 2.1.2 Knowledge Check16m
Lesson 2.2 Knowledge Check30m
Lesson 2.3 Knowledge Check30m
Module 2 Quiz
3 hours to complete
MODULE 3: Audit Risk and Materiality
3 hours to complete
12 videos (Total 86 min), 1 reading, 5 quizzes
12 videos
Obtaining Reasonable Assurance Part II8m
Material Misstatements Part I7m
Material Misstatements Part II6m
Material Misstatements Part III7m
Risk Assessment Part I6m
Risk Assessment Part II5m
Risk Assessment Part III9m
The Audit Risk Model Part I8m
The Audit Risk Model Part II5m
The Audit Risk Model Part III6m
The Audit Risk Model Part IV9m
1 reading
Module 3 Overview and Resources10m
5 practice exercises
Lesson 3.1 Knowledge Check8m
Lesson 3.2 Knowledge Check6m
Lesson 3.3 Knowledge Check30m
Lesson 3.4 Knowledge Check30m
Module 3 Quiz30m
2 hours to complete
MODULE 4: The Value of Audits
2 hours to complete
4 videos (Total 26 min), 1 reading, 3 quizzes
4 videos
So You Want a Used Car9m
So You Want a Used Car that Works Part I6m
So You Want a Used Car that Works Part II8m
1 reading
Module 4 Overview and Resources10m
3 practice exercises
Lesson 4.1 Knowledge Check30m
Lesson 4.2 Knowledge Check30m
Module 4 Quiz30m
Instructor
Mark E. Peecher, PhD, CPA
Associate Dean of Faculty and Deloitte Professor of AccountancyDepartment of Accountancy
Start working towards your Master's degree
This course is part of the 100% online Master of Science in Accountancy (iMSA) from University of Illinois at Urbana-Champaign.
If you are admitted to the full program, your courses count towards your degree learning.
About University of Illinois at Urbana-Champaign
The University of Illinois at Urbana-Champaign is a world leader in research, teaching and public engagement, distinguished by the breadth of its programs, broad academic excellence, and internationally renowned faculty and alumni. Illinois serves the world by creating knowledge, preparing students for lives of impact, and finding solutions to critical societal needs.
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