The inventory count process for auditors

Assurance engagements often require auditors to attend an inventory count. Join Greg Weber, leader of the National Assurance Services Group at Grant Thornton, as he takes you through the process to effectively plan and perform inventory counts.

Event Details

Location and date:
Online (English) On-Demand Event

If inventory is material to the financial statements, auditors are required to attend a physical inventory count. When executed poorly, it can cause frustrations for both the auditors and the client, and lead to inefficiencies as additional procedures may be required to make sure sufficient appropriate audit evidence has been obtained.

Therefore, it is crucial for the audit team to be well prepared for the inventory count process. It involves planning for the count in advance, preparing the team for tackling any issues during the count and performing any post-count procedures in a timely fashion.

In this webinar, you will learn about what you need to do to be prepared for your next inventory count!

Please note that this material is strictly for educational purposes.

Additional options and pricing may be available. See pricing and registration for more details.


2 CPD hour(s)
Pricing & registration

You will learn about:

  • requirements for an inventory count within the audit process
  • how to plan for an inventory count, from both a preparer’s and reviewer’s perspective
  • procedures and tips for performing inventory counts, including practical tips
  • procedures after completing the inventory count

Who should attend?

  • university/college co-ops
  • junior and intermediate accountants
  • accounting professionals
  • audit seniors
  • audit managers and partners
  • sole practitioners
  • all practitioners with an SMP practice

More Details:

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