Surgent's Auditing Basic Inventory: Performing Observations (Audit Skills Training - Level 2) (Self-Study)

Code: JSODA2M4

Date Valid for one year from purchase date
Format Self-Study (On-Demand)
CPE credits CPE 3.0
Field(s)
of study
Auditing - Technical (3.0)
Fees
Standard member fee $54.00
checkmarkStandard nonmember fee $54.00

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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.

Who should take this program?

Accountants responsible for auditing inventory and performing inventory observations

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

Learning objective(s)

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

Notes:

Course code Code JSODA2M4
Sponsor Surgent
NASBA ID#: 103212
Level Basic
Format Self-Study (On-Demand)
Prerequisites Prereq. None
Advance
prep
None