Auditing and Assurance Services

<h2>Brief Contents</h2> <div class="c-section-headers-non-traditional-number-list_container"> <h3>PART 1: THE AUDITING PROFESSION</h3> <ol> <li>The Demand for Audit and Other Assurance Services</li> <li>The CPA Profession</li> <li>Audit Reports</li> <li>Professional Ethics</li> <li>Legal Liability</li> </ol> <h3>PART 2: THE AUDIT PROCESS</h3> <ol start="6"> <li>Audit Responsibilities and Objectives</li> <li>Audit Evidence</li> <li>Audit Planning and Materiality</li> <li>Assessing the Risk of Material Misstatement</li> <li>Assessing and Responding to Fraud Risks</li> <li>Internal Control and Coso Framework</li> <li>Assessing Control Risk and Reporting on Internal Controls</li> <li>Overall Audit Strategy and Audit Program</li> </ol> <h3>PART 3: APPLICATION OF THE AUDIT PROCESS TO THE SALES AND COLLECTION CYCLE</h3> <ol start="14"> <li>Audit of the Sales and Collection Cycle: Tests of Controls and Substantive Tests of Transactions</li> <li>Audit Sampling for Tests of Controls and Substantive Tests of Transactions</li> <li>Completing the Tests in the Sales and Collection Cycle: Accounts Receivable</li> <li>Audit Sampling for Tests of Details of Balances</li> </ol> <h3>PART 4: APPLICATION OF THE AUDIT PROCESS TO OTHER CYCLES</h3> <ol start="18"> <li>Audit of the Acquisition and Payment Cycle: Tests of Controls, Substantive Tests of Transactions, and Accounts Payable</li> <li>Completing the Tests in the Acquisition and Payment Cycle: Verification of Selected Accounts</li> <li>Audit of the Payroll and Personnel Cycle</li> <li>Audit of the Inventory and Warehousing Cycle</li> <li>Audit of the Capital Acquisition and Repayment Cycle</li> <li>Audit of Cash and Financial Instruments</li> </ol> <h3>PART 5: COMPLETING THE AUDIT</h3> <ol start="24"> <li>Completing the Audit</li> </ol> <h3>PART 6: OTHER ASSURANCE AND NONASSURANCE SERVICES</h3> <ol start="25"> <li>Other Assurance Services</li> <li>Internal and Governmental Financial Auditing and Operational Auditing</li> </ol> </div>