Audit 204: Auditing Basic Inventory - Focus on Observations Webinar

May 8
2:00 - 4:00 p.m.

Online

2-A&A
CPE Credits

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. Depending on the complexity of the inventory and the related pricing model, risk of material misstatement will vary widely as well. Note: This course is recommended as a part of a 16-hour audit skills curriculum for experienced staff auditors, while it is also appropriate for anyone who has responsibilities for auditing inventory. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

Learning Objectives:

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

Registration

PICPA Member: $89
Nonmember: $114

More Information

Course No. ESA204F2 Level: Basic

Prerequisites: None

Notes
This webinar is hosted by PICPA's partner, CPA Crossings, LLC. After registering, you will receive an email from messenger@webex.com with the log-in information.