Audit Staff Essentials - New Staff Practical Application: Auditing Inventory and Inventory Valuation
Available for 1 year after purchase date
**OnDemand**
2.5 Credits
Member Price $120.00
Non-Member Price $155.00
Overview
New staff can successfully audit inventory by examining inventory costing, observations, and other necessary audit procedures.
Highlights
Key Topics
- Professional standards related to auditing inventory
- Audit objectives and assertions for inventory
- Risk assessment for inventory
- Inventory observation
- Using audit data analytics
Prerequisites
None
Designed For
Who Will Benefit
- Recently onboarded staff
- First-year staff
- Firms that want consistent training and level setting
Objectives
Learning Outcomes
- Recall the audit objectives and related assertions in the inventory area.
- Identify the basic audit procedures over the inventory process, including those surrounding risk and fraud, and apply those procedures to a commonly encountered audit situation.
- Recall concepts related to and procedures used in auditing inventory valuation, including price testing.
- Recognize the potential of audit data analytics in inventory audit procedures.
Non-Member Price $155.00
Member Price $120.00