Unit 1. Overview of independent financial audit -- Unit 2. Audit of the revenue and receipts cycle -- Unit 3-A. Audit of the production and inventory disbursements cycle -- Unit 3-B. Audit of the production and inventory warehousing cycle -- Unit 4. Audit of the investing and financing cycle -- Unit 5. Substantive audit of cash -- Unit 6. Substantive audit of receivables -- Unit 7. Substantive audit of inventories -- Unit 8. Substantive audit of investments in debt / equity financial instruments -- Unit 9. Substantive audit of property, plant and equipment -- Unit 10. Substantive audit of intangible assets -- Unit 11. Substantive audit of prepaid expenses and deferred charges -- Unit 12. Substantive audit of other noncurrent investments (investment property, cash surrender value of life insurance policies, funds) -- Unit 13. Substantive audit of liabilities -- Unit 14. Substantive audit of owners` equity -- Unit 15. Substantive audit of revenue and expenses -- Unit 16. Audit of financial statements -- Unit 17. Completing the audit and report preparation -- Unit 18. Comprehensive auditing cases -- References.