Part 1: Professional responsibilities. Auditing and the public accounting profession. Professional standards. Reports on audited financial statement. Professional ethics. Auditor's legal liability. Part 2: Audit technology. Audit technology. Evidence, the audit process, and working papers. Internal control structure in a financial statement audit. A management information systems and auditing. Audit sampling in tests of controls. Audit sampling in substantive tests of account balances. Part III: Audit method. Tests of controls in the revenue/receipt cycle: Sales and cash receipts transactions. Substantive tests of the revenue/receipt cycle: Sales, accounts receivable, and cash. Test of controls of the expenditure/disbursement cycle: purchases and cash disbursements. Substantive tests of the expenditure/disburesemtne cycle: accounts payable, prepaid expenses, and accrued liabilities. Test of controls and substantive test of personnel and payroll inventory and plant assets. Tests of controls and substantive tests of the conversion cycle. Tests of controls and substantive tests of the financing cycle: investments, debt, and equity. Completing an audit. Capstone case: ethical and technical issues in a financial statement audit. Other reports and governmental and internal audits. Other reports. Internal and governmental auditing.
