 In this presentation, we will discuss audit procedures. We're keeping in mind our objective. Our objective is to audit the financial statements. As we audit the financial statements, our objective is to give an opinion on the fairness of those financial statements in relation to a set of standards, typically being generally accepted accounting standards. To do that, we're going to go through audit procedures. And as we go through the audit procedures, we're going to document that evidence in order to support our opinion. As we go through each of the audit components, when we start to test specific accounts, for example, it will be more clear as we think about specific accounts, what type of audit procedures would make sense, what type of assertions would make sense with regards to those specific accounts. However, we want to take a step back because we want to think about the audit process as a whole as we plan for the different types of audit procedures going through the audit process. That's going to give us a better understanding of the process as a whole. It will also help us to plan more efficient audit procedures.