Surgent’s Auditing Basic Inventory — Performing Observations (Audit Skills Training – Level 2) (A2M4) (SSAA11/19)

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Event Description

The nature of goods 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. This module will primarily focus on performing the inventory observation, while introducing other risk concepts.

Designed For

Accountants responsible for auditing inventory and performing inventory observations

Objectives

  • Discuss typical audit risks and special audit considerations
  • Describe common inventory observation audit procedures
  • Explain key controls related to inventory
  • Compare inventory pricing options

Major Subjects

Typical inventory observation procedures and special considerations
Handling various inventory observation real-life scenarios
Valuation and pricing methods
Key controls related to inventory

Prerequisites

None

Instructions

When you purchase a Surgent CPE on-demand course, it must be taken by June 30, 2019, to receive credit.
Within 5 minutes after your purchase, you will receive an email from info@surgent.com that explains how to access your course and materials.
Once you complete a course, please allow up to 30 days to receive you certificate of completion.
If you have further questions, please email info@surgent.com or call 800.778-7436. Their help lines are staffed Monday-Friday from 8:30 am to 5 pm Eastern Time.