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.

Auditing I: Conceptual Foundations of Auditing
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Auditing I: Conceptual Foundations of Auditing

Instructor: Mark E. Peecher, PhD, CPA
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What you'll learn
Describe the independent auditing process and what drives the demand for and supply of audits.
Identify the different types of audit assertions and understand how the nature of assertions affects the demand for independent audits.
Define the key steps of financial-statement auditing.
Describe an auditors’ professional and ethical responsibilities.
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There are 8 modules in this course
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This course is part of the following degree program(s) offered by University of Illinois Urbana-Champaign. If you are admitted and enroll, your completed coursework may count toward your degree learning and your progress can transfer with you.¹
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