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Peer Review

ABC's of Auditing

by Blair Cook, CA, CPA, MBA


Overall Numeric Rating:

4.75 stars
Content Quality: 5 stars
Effectiveness: 4.75 stars
Ease of Use: 4.5 stars
Reviewed: Mar 04, 2013 by Business Editorial Board
Overview: This video provides an introduction to the Auditing ABC123 What You Need to Know to Perform an Audit online course from the Finance Learning Academy( The author has had professional experience with Grant Thornton, LLP. In addition to this video, 17 additional modules can be found covering a variety of auditing topics. Content is particularly relevant to the United States and Canada. Time: 10:42.
Type of Material: Video presentation
Recommended Uses: In class, homework, individual, lecture.
Technical Requirements: Internet Browser (Chrome, if viewing from YouTube), Media Video Player (Flash from YouTube)
Identify Major Learning Goals: To provide an overview and introduction to financial statement auditing as a career path.
Target Student Population: College Upper Division, Graduate School, Professional.
Prerequisite Knowledge or Skills: Some basic accounting and business courses.

Evaluation and Observation

Content Quality

Rating: 5 stars
Strengths: The content of this video is current, relevant,and accurate. Concepts addressed in this 10 minute presentation include a brief overview of the auditor's report, users and uses of financial statements, information risk, the four components of an audit, types of assurance services, as well as the different types of career paths in auditing (public, internal, and government). The author is a dynamic speaker and provides audience with an entertaining method of teaching auditing concepts. References the speaker's credentials adds credibility to the presentation.
Concerns: A concern that always exists when using a free online materials is the currency of the content. However, this lecture seems fairly generic and basic, covering universal information and avoiding topics or details subject to change.

Potential Effectiveness as a Teaching Tool

Rating: 4.75 stars
Strengths: The instructor is enthusiastic and sincere. The lecture progresses in a logical fashion. Terms are defined in an easily understandable manner. As a result of watching the video, some of the concepts users will understand include: 1) the uses and users of financial statements; 2) identifying different types assurance services (audits, reviews, compilations, trust services, internal control); and 3) types of jobs auditors can assume. Teachers and students could learn a lot about the audit profession in a short time.
  • The objectives of the session are not explicitly identified at the beginning of the video. One does not know which topics will be addressed until they are presented.
  • The presenter introduces four components of and audit, but then discusses five (having something to audit, evaluation criteria, audit evidence, auditors, and reporting).
  • While the instructor is very enthusiastic, may feels he is shouting most of the time. As a result, some users might find the audio distracting, which in turn might discourage repeat viewing.
  • At almost eleven minutes, the video might be a little long for an introduction and could potentially be divided into two different videos for better reception from students.

  • Ease of Use for Both Students and Faculty

    Rating: 4.5 stars
    Strengths: The author is a confident, credible, dynamic and enthusiastic lecturer. His presentation is fluid and well done. For the most part, the slides are very polished and professional in appearance. Viewing the video through YouTube enables it to be enlarged greater than possible from the original website.
  • At the beginning of the video, a vertically split screen is used which shows the presenter speaking in front of what appears to be a webcam. Occasionally the instructor holds up pieces of paper that really have no purpose. The content of the papers cannot be read in the short time it is flashed on the screen.
  • Viewing on YouTube could not be achieved using IE 8.
  • Some slides are blurry when enlarged to full screen.

  • Other Issues and Comments: Despite some of the concerns noted, this video is very, very good.

    Creative Commons:
    Creative Commons License
    This work is licensed under a Attribution-NonCommercial-NoDerivs 3.0 United States