The demand for audit and assurance services -- The CPA profession -- Audit reports -- Professional ethics -- Legal liability -- Audit responsibilities and objective -- Audit evidence -- Audit planning and documentation -- Materiality and risk -- Internal control and control risk -- The impact of information technology on the audit process -- Overall audit plan and audit program -- Audit of the sales and collection cycle: tests of controls and substantive tests of transactions -- Audit sampling for tests of controls and substantive tests of transactions -- Completing the tests in the sales and collection cycle: accounts receivable -- Audit sampling for tests of details of balances -- Audit of the payroll and personnel cycle -- Audit of the acquisition and payment cycle: tests of transactions and accounts payable -- Completing the tests in the acquisition and payment cycle – Audit of the inventory and warehousing cycle -- Audit of the capital acquisition and payment cycle: tests of transactions and accounts payable -- Completing the tests in the acquisition and payment cycle -- Audit of the inventory and warehousing cycle -- Audit of the capital acquisition and repayment cycle -- Audit of cash balances -- Completing the audit -- Other audit, attestation services, and compilation engagements -- Internal and governmental financial auditing and operational auditing

1. Auditing