Overview of independent financial audit Audit of the revenue cycle Audit of the expenditure cycle Audit of the financing and ivesting cycles Substantive audit of cash transaction and balance Audit of receivables Audit of inventories Audit of investments Audit of property, plant and equipment Audit of intangible assets Audit of prepaid expenses and deferred charges Audit of other noncurrent investments (Investment property, cash surrender value of life insurance policies, funds) Audit of liabilities Audit of owners' equity Audit of revenue and expenses Financial statements and sudit report preparation Comprehensive auditing problems CPA licensure examination syllabus in auditing problems