Surgent's Performing Inventory Observations

ON-DEMAND

Online

2-A&A
CPE Credits

Generally Accepted Auditing Standards (GAAS) states that if inventory is material to the financial statements, the auditor should generally obtain evidence regarding the existence and condition of inventory by attending the entity’s physical inventory count. The types of inventory an entity might have varies from industry to industry as does the risk of fraud or error related to inventory counts. This module will discuss the procedures and risks involved in observing an entity’s physical inventory.
Highlights
  • Identify audit risks related to physical inventory observations
  • Understand the key controls related to inventory observations
  • Perform common inventory observation audit procedures
  • Know when to utilize sampling techniques related to inventory observations
  • Perform remote inventory observations

Registration

PICPA Member: $58
Nonmember: $78

More Information

Course No. ON-DEMAND Level: Basic

Prerequisites: None

Notes
You will have up to 90 days after the date of purchase to complete the course and take the exam. *excludes CPE Academy unlimited access.

Speaker(s)

Richard Daisley