The auditing profession: The demand for audit and ather assurance services; The CPA profession; Other assurance services; Internal and governmental financial auditing and operational auditing. The audit process: Auditi responsibilities and objectives; Audit evidence; Audit planning and materiality; Assessing the risk of material misstatement; Assessing and responding to fraud risks; Internal control and coso framework; Assessing control risk and reporting on internal controls; Overall audit strategy and audit program. Application of the audit process to the sales and collection cycle. Application of the audit process to other cycle. Completing the audit.