PART 1: THE AUDITING PROFESSION1. The Demand for Audit and Other Assurance Services2. The CPA Profession3. Audit Reports4. Professional Ethics5. Legal Liability PART 2: THE AUDIT PROCESS6. Audit Responsibilities and Objectives7. Audit Evidence8. Audit Planning and Materiality9. Assessing the Risk of Material Misstatement10. Assessing and Responding to Fraud Risks11. Internal Control and Coso Framework12. Assessing Control Risk and Reporting on Internal Controls13. Overall Audit Strategy and Audit Program PART 3: 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 Balances PART 4: 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 Repayment Cycle23. Audit of Cash and Financial Instruments PART 5: COMPLETING THE AUDIT24. Completing the Audit PART 6: OTHER ASSURANCE AND NONASSURANCE SERVICES25. Other Assurance Services26. Internal and Governmental Financial Auditing and Operational Auditing.