The award-winning Auditor Independence Education Materials (AIEM) were developed by Deloitte & Touche LLP in conjunction with the University of Illinois Center for Professional Responsibility in Business and Society. The AIEM include a video, five case studies, a student handout, and an in-class laboratory market game. The purpose of the materials is to help facilitate students’ learning about core concepts, real-world applications, and prevailing rules related to auditor independence.
The materials cover five key areas of independence from the perspective of regulators, financial-statement users, auditing professionals, and academics. The five key areas include:
What independence is and why it’s important
Serving the public interest
The public accounting profession and its role in capital markets
The independence concepts and rules that apply to a public accounting firm and its professionals
As of today over 500 professors are using AIEM across 420 universities in 38 countries!
Certain materials are only offered to college faculty members through a dedicated password-protected website. These materials are provided free of charge and include:
Suggested uses of the auditor independence education materials
Index of targeted learning objectives
In-class laboratory market game
Suggested solutions to the case study and video discussion questions
Teaching notes to the case study and video discussion questions that include additional information and relevant research on the topic being discussed
Deloitte and the University of Illinois College of Business Collaborate on Innovative Award-winning Learning Tool
The American Accounting Association (AAA) presented its prestigious Innovation in Auditing and Assurance Education Award to Deloitte and the University of Illinois for the groundbreaking learning program the two developed together – the Auditor Independence Education Materials (AIEM). The award recognized the collaboration of a Deloitte team, headed by Mark Chain, partner in Deloitte LLP’s Independence Consultation Group, and Professor Mark Peecher, Ph.D. of the University of Illinois College of Business. They were supported by Phil Hueber, Audit Senior Manager, Catherine Armfield Mojumdar, Audit Senior Manager, and Gwyn Blanton, Director Ethics and Compliance.