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
PREREQUISITES
None
ADVANCE PREPARATION
None