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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 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.

Designed to help business school students to understand the concepts of professional responsibilities and auditor independence and their impact on the capital markets, the “Auditor Independence Education Materials” are distributed through The Center for Professional Responsibility in Business and Society, a Deloitte-supported center of excellence affiliated with the University of Illinois College of Business. Since its launch in 2009, the Auditor Independence Education Materials have been used by 394 professors from 306 universities in 22 countries, as well as three businesses.

“We are very pleased that the materials have been well-received by the academic community and most appreciative of the recognition by the AAA Auditing Section,” Mark Chain commented. “It solidifies for us the satisfaction we have felt working with the University of Illinois College of Business over the last several years.”

Support from the Deloitte Foundation
Shaun Budnik, President of the Deloitte Foundation accepted the award on Deloitte’s behalf at the AAA Auditing Section’s Midyear Conference in New Orleans on January 18, 2013. The Deloitte Foundation, whose mission it is to support education through a variety of initiatives that promote excellence in teaching, research and curriculum innovation, and help develop the talent of the future, has been instrumental in funding and supporting the work conducted by Deloitte and the university.

About the American Accounting Association
The American Accounting Association promotes worldwide excellence in accounting education, research and practice. Founded in 1916 as the American Association of University Instructors in Accounting, its present name was adopted in 1936. The Association is a voluntary organization of persons interested in accounting education and research.

The Innovation in Auditing Assurance Education Award Selection Committee reviewed nominations from the Section’s membership based on, but not limited to, the following criteria:

  1. innovation,

  2. educational benefits, and

  3. adaptability by other educational institutions or other situations.

About the University of Illinois Center for Responsibility in Business and Society
In March, 2006, the University of Illinois College of Business launched the Center for Professional Responsibility in Business and Society. The mission of the inter-disciplinary Center is to develop a national vision that articulates societal expectations of a professional's responsibility and accountability at both the individual and organizational level. The Deloitte Foundation is a founding sponsor of the University of Illinois Center for Professional Responsibility in Business and Society. The Center’s three-pronged strategy addresses curriculum development, academic research, and corporate and public engagement.

As used in this document, “Deloitte” means Deloitte LLP. Please see for a detailed description of the legal structure of Deloitte LLP and its subsidiaries.


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