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Tuesday, September 19, 2023 Live Webcast

Audit 204: Auditing Basic Inventory - Focus on Observations (X2-36624)

1:30 PM - 3:30 PM EDT
webcast

Vendor Platform

2 CPE Credits in AA

OVERVIEW

Auditing Inventory - Performing Required Observations and Other Common Procedures will primarily focus on performing the inventory observation, while introducing other risk concepts related to inventory. Assets classified as inventory varies widely with the nature of the entity and industry.

DESIGNED FOR

Accountants responsible for auditing inventory and performing inventory observations

BENEFITS

Upon completion of this course, you will be able to...

  • Identify typical audit risks and special audit considerations related to inventory
  • Recognize common inventory observation audit procedures
  • Recall key controls related to inventory
  • Compare inventory pricing options at a high level

HIGHLIGHTS

The major topics covered in this course include:

  • Typical inventory observation procedures and special considerations
  • Handling various inventory observation real-life scenarios
  • High level overview of valuation and pricing methods
  • Key controls related to inventory

COURSE LEVEL

Basic

PREREQUISITES

None

ADVANCE PREPARATION

None

INSTRUCTOR

Jennifer Louis

Jennifer F. Louis, CPA

President

Emergent Solutions Group

Jennifer F. Louis, CPA has over 25 years of experience in designing and instructing high-quality training programs in a wide variety of technical and “soft skills” topics needed for professional and organization success. In 2003, she founded Emergent Solutions Group, LLC, where she focuses her energy on designing and delivering high-quality, practical, and engaging accounting and auditing training. She was most recently Director of Audit Product Development at Surgent Professional Education, and prior to that served as Executive Vice President/Director of Training Services at AuditWatch, Inc., a highly-respected training and audit process consulting firm. Before joining AuditWatch, Jennifer was the Financial/Operational Audit Manager at AARP. At the start of her professional career, Jennifer was an Audit Manager for Deloitte & Touche LLP, where she frequently served as a local and national instructor. Jennifer graduated summa cum laude from Marymount University with a BBA-Accounting. Besides loving life on the lake with her husband in Charlotte, NC, she enjoys hiking with her little dog Frodo Beggins, and savoring any precious moments spent with her two young adult boys