pt. A. The context within which the external auditor operates. Introduction -- Ethics -- Legal responsibilities of the auditor -- pt. B. The auditee's responsibility for financial information. Basic concepts of governance and internal control -- Introduction to risks and internal controls in a computerised environment -- Revenue and receipts cycle -- Purchases and payments cycle -- Inventory and production cycle -- Human resources cycle -- Investment and financing cycle -- pt. C. The external audit process. Overview of the audit process -- Pre-engagement and planning activities -- Audit procedures: essential concepts -- Audit procedures: specific considerations -- Completion of the audit -- The independent review -- Appendix: Examples of cycle documentation related to the business cycles.