PART 1 The Auditing Profession 1 The Demand for Audit and Other Assurance Services2 The CPA Profession3 Audit Reports4 Professional Ethics5 Legal Liability PART 2 The Audit Process 6 Audit Responsibilities and Objectives7 Audit Evidence8 Audit Planning and Analytical Procedures9 Materiality and Risk10 Section 404 Audits of Internal Control and Control Risk11 Fraud Auditing12 The Impact of Information Technology on the Audit Process13 Overall Audit Plan and Audit Program PART 3 Application of the Audit Process to the Sales and Collection Cycle 14 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 Cycles 18 Audit of the Payroll and Personnel Cycle 19 Audit of the Acquisition and Payment Cycle: Tests of Controls, Substantive Tests of Transactions, and Accounts Payable20 Completing the Tests in the Acquisition and Payment Cycle: Verification of Selected Accounts21 Audit of the Inventory and Warehousing Cycle22 Audit of the Capital Acquisition and Repayment Cycle23 Audit of Cash Balances PART 5 Completing the Audit 24 Completing the Audit PART 6 Other Assurance and Nonassurance Services 25 Other Assurance Services26 Internal and Governmental Financial Auditing and Operational Auditing