The Demand for Audit and Other Assurance Services The CPA Profession Audit reports Professional Ethics Legal Liability Audit Responsibilities and Objectives Audit Evidence Audit Planning and Analytical Procedures Materiality and Risk Internal Control, Control Risk, and Section 404 Audits Fraud Auditing The Impact of Information Technology on the Audit Process Overall Audit Strategy 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 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 Payroll and Personnel Cycle Audit of the Inventory and Warehousing Cycle Audit of the Capital Acquisition and Repayment Audit of Cash and Financial Instruments Completing the Audit Other Assurance Services Internal and Governmental Financial Auditing and Operations Auditing.

This book presents an integrated concepts approach that shows readers the auditing process from start to finish. This text prepares readers for real-world audit decision making by using illustrative examples of key audit decisions, with an emphasis on audit planning, risk assessment processes and collecting and evaluating evidence in response to risks.