PART I. THE AUDITING PROFESSION 1. The Demand for Audit and Other Assurance Services2. The CPA Profession3. Audit reports4. Professional Ethics5. Legal LiabilityPART II. THE AUDIT PROCESS6. Audit Responsibilities and Objectives7. Audit Evidence8. Audit Planning and Analytical Procedures9. Materiality and Risk 10. Internal Control, Control Risk, and Section 404 Audits11. Fraud Auditing 12. The Impact of Information Technology on the Audit Process13. Overall Audit Strategy and Audit Program PART III. APPLICATION OF THE AUDIT PROCESS TO THE SALES AND COLLECTION CYCLE14. Audit of the Sales and Collection Cycle: Tests of Controls and Substantive Tests of Transactions15. Audit Sampling for Tests of Controls and Substantive Tests of Transactions16. Completing the Tests in the Sales and Collection Cycle: Accounts Receivable17. Audit Sampling for Tests of details of BalancesPART IV. APPLICATION OF THE AUDIT PROCESS TO OTHER CYCLES18. Audit of the Acquisition and Payment Cycle: Tests of Controls, Substantive Tests of Transactions, and Accounts Payable19. Completing the Tests in the Acquisition and Payment Cycle: Verification of Selected Accounts20. Audit of the Payroll and Personnel Cycle21. Audit of the Inventory and Warehousing Cycle22. Audit of the Capital Acquisition and Repayment23. Audit of Cash and Financial InstrumentsPART V. COMPLETING THE AUDIT24. Completing the AuditPART VI. OTHER ASSURANCE AND NONASSURANCE SERVICES25. Other Assurance Services26. Internal and Governmental Financial Auditing and Operations Auditing