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 Ratings
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| Reviewed: |
May 20, 2012 by Business Editorial Board |
| Overview: |
This 15-minute audio and visual lecture from Kaplan Financial uses PowerPoint slides to explain the types of audit reports used in practice. This video is one of a series from Kaplan's review course for individuals studying for the ACCA credential from the Association of Chartered Accountants (the equivalent of the CPA credential in the U.S.). The presentation covers the unqualified, qualified, adverse, and disclaimer audit reports. |
| Learning Goals: |
While the stated goal of the presentation is designed for students from the UK who are studying for their ACCA F8, P7, or CIMA F1 papers, the general purpose of the session is to provide an introduction and explanation of the available types of audit reports issued. |
| Target Student Population: |
Accounting majors, usually junior or senior level, when taking a first course in auditing. |
| Prerequisite Knowledge or Skills: |
Some background on the auditing process, regulatory environment and issuance of reports, i.e. the first chapter(s) of an auditing textbook. |
| Type of Material: |
Presentation |
| Recommended Uses: |
Homework, individual review, or in class as part of a lecture to add variety to maintain student attention. |
| Technical Requirements: |
Browser |
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| Strengths: |
The presentation does a very good job of introducing students to the types of audit reports. Content is accurate. The presenter speaks clearly and succinctly. The video covers one topic and is short and to the point. The slides illustrate the basic material being discussed. A smiley face is used to indicate the “clean” audit report which is referred to as the unqualified audit report. The other audit reports have frown faces, indicating issues exist. As a way of personalizing the presentation, the lecturer is shown in a small right corner frame. While the content relates explicitly to students in the U.K., it is also suitable for U.S. students. Overall the video provides a very nice elementary discussion of the different types of audit reports. |
| Concerns: |
Instructors would need some form of assignment to confirm student understanding of the concepts. Very few examples are provided to illustrate when the qualified, adverse and disclaimer reports are issued. The discussion is very limited and as a result not entirely self-contained. |
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Potential Effectiveness as a Teaching Tool |
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| Strengths: |
The video presentation takes a very specific piece of content and does a very good job covering the material. It is efficient and suitable for the purpose intended, review. The same points are made repeatedly for reinforcement purposes. |
| Concerns: |
Having a very short commentary regarding the need for audit reports would be beneficial. Specific examples of circumstances that give rise to qualified, adverse, and disclaimer opinions would be beneficial in helping students relate to the content. |
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Ease of Use for Both Students and Faculty |
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| Strengths: |
The video presentation is very low tech, blue text on a white screen. The video is easy to use, all one needs to do is listen and watch. The pace is slow enough to allow the student to take adequate notes. Enough repetition is provided to allow students to grasp concepts by just listening as well. |
| Concerns: |
The presentation primarily narrates a couple of PowerPoint slides. Sometimes the discussion seems excessive to make elementary points. Instead specific examples should be included. To improve the learning object, adding some form of interactivity through rhetorical questioning, multiple choice questions,etc., would be a plus. While closed-captioning is available, the transcription is not always accurate. The slides do not retain clarity when viewed full screen. When viewed smaller, they text on the slides is difficult to read. Overall, quality is poor. |
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