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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.
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.
This virtual classroom will offer a great opportunity to ask any questions you may have about inventory counts and what you need to do to be prepared!
Note: Space is limited to the first 25 people who register.
Enter promo code CPA-ICPA to save 30 per cent on this virtual classroom.
Additional options and pricing may be available. See pricing and registration for more details.
An essential resource for performing high-quality, cost-effective assurance, and compilation and compliance engagements for small and medium-sized entities, the PEG provides valuable guidance to help practitioners consistently apply the professional standards.
This is your source for tools and resources to promote awareness, understanding and effective implementation of data analytics in audit.
The Quality Assurance Manual will help your firm comply with the specific requirements of the quality control standards, as well as develop and document their own policy manuals and systems of quality control.
Member Development and Support
Canada’s accounting and auditing standards boards have a lot going on. Make sure you stay up to date on changes and get involved in standards development through the boards’ webinars and events.
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Financial sustainability and digital disruption are influencing the future of NFPs. Be equipped to lead through complex change by attending Canada’s premiere event for not-for-profit leaders.