Chapter1 - final.docVIP

TABLE OF CONTENTS I. THE AUDITING PROFESSION. The Demand for Audit and Other Assurance Services. The CPA Profession. Audit Reports. Professional Ethics. Legal Liability. II. THE AUDIT PROCESS. Audit Responsibilities and Objectives. Audit Evidence. Audit Planning and Analytical Procedures. Materiality and Risk. Internal Control and Control Risk. Fraud Auditing The Impact of Information Technology on the Audit Process. Overall Audit Plan and Audit Program. III. APPLICATION OF THE AUDIT PROCESS TO THE SALES AND COLLECTION CYCLE. Audit of the Sales and Collection Cycle: Tests of Controls