Understanding Audit Quality: Concepts, Indicators, and Measures

School: University of Illinois, Urbana Champaign - Course: ACCY 405 - Subject: Accounting

Conceptual Framework of Assurance: Current Topics in Assurance-Audit Quality

• Objective for the class • Confirm understanding of previous week • Readings for class -News, relevant business issue, personal development • Class slides • Activities in class • Prep for next class -Readings -Reminders • Homework Assignments •Summary of Day's Objective

Today's Objectives Today We Will •Understand what is audit quality Objectives •What is a "Quality Audit" - Concepts and Indicators

Confirm Understanding of Objectives from Last Class Today We Will Discuss audit quality and potential methods or measures used to measure or evaluate audit quality with a focus on auditor independence Objectives • Audit quality concepts and indicators •Auditor independence

News, relevant business issue, personal development •Anything you noted in the news or seen or heard?