Part 1: The auditing profession -- The demand for audit and other assurance services -- The CPA profession -- Audit reports -- Professional ethics -- Legal liability -- Part 2: The audit process -- Ausdit responsibilities and objectiives -- Audit evidence -- Audit planning and analytical procedures -- Materiality and risk -- Section 404 audits of internal control and control risk -- Fraud auditing -- The impact of information technology on the audit process -- Part 3: Application of the audit process to the sales and collection cycle -- 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 -- Part 4: Application of the audit process to other cycles -- Audit of the payroll and personnel cycle -- Audit of the acquisition and payment cycle: tests of controls, substantive tests of transactions, and accounts payable -- Completing the tests in the acquisition and payment cycle: verification of selected accounts -- Audit of the inventory and warehousing cycle -- Audit of the capital acquisition and repayment cycle -- Audit of cash balances -- Part 5: Completing the audit -- Completing the audit -- Part 6: Other assurance and nonassurance services -- Other assurance services -- Internal and govermental financial auditing and operational auditing -- Appendix: ACL installation and instructions

1. Auditing