Unit I. Overview of independent financial audit -- II. Audit of the revenue and receipt cycle -- III. Audit of the expenditure and disbursement cycle -- IV. Audit of the investing and financing cycle -- V. Substantive audit of cash -- VI. Substantive audit of receivables -- VII. Substantive audit of investment in debt/ equity financial instrument -- IX. Substantive audit of property , plant and equipment -- X. Substantive audit of intangible assets -- XI. Substantive audit of prepaid expenses and deferred charges -- XII. Substantive audit of other non current investment -- XIII. Substantive audit of liabilities -- XIV. Substantive audit liabilities -- XV. Substantive audit of revenue and expenses -- XVI. Audit of financial statement -- XVII. Completing the audit and report preparation -- XVIII. Comprehensive auditing problems.