The CPA Profession and the Auditor's Role

• Examine the CPA profession and licensing requirements.
• Assess the role of auditing in reducing information risk for decision makers.
• Critique current auditing standards.
• Analyze the importance of ethics in the auditing process.

Planning the Audit

• Analyze elements of the audit planning process.
• Prepare a basic audit program.
• Perform preliminary analytical procedures.
• Recommend ways to mitigate engagement risk and audit risk.

Internal Control Evaluation, Employee Fraud, and Cash

• Evaluate manual and computerized control activities.
• Assess internal control limitations and risks.
• Recommend controls to prevent and detect financial misstatements.
• Recommend procedures for detecting employee fraud concerning cash.

Substantive Testing I

• Explain the process and benefits of audit sampling.
• Assess risks inherent to selected transaction cycles.

Substantive Testing II

• Develop tests of controls and substantive procedures for selected transaction cycles.
• Design substantive audit procedures for detecting errors and fraud.

Audit Reporting and Required Communications

• Evaluate the sufficiency of audit evidence.
• Compare and contrast the various audit reports.
• Create appropriate reports to communicate audit findings.
• Evaluate the role of ethics in audit reporting.