Inventory observations are often a right of passage for audit staff. This course will cover the basics of auditing inventory, including the related audit assertions, risks, & threats to inventory.
DESIGNED FOR
Auditors who may need to audit inventory.
BENEFITS
After attending this presentation, you will be able to...
- Recall the audit assertions applicable to inventory
- Recognize risks & threats related to the inventory balance
- Identify substantive auditing procedures that are used to obtain comfort over inventory
HIGHLIGHTS
The major topics that will be covered in this course include:
- Auditing Inventory.
- Related Audit assertions, risks, and threats to inventory.
- Substantive auditing procedures that staff should perform.
PREREQUISITES
None
ADVANCE PREPARATION
None