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Assurance engagements often require auditors to attend an inventory count. This virtual classroom provides a practical approach from planning and attending an inventory count to performing post-count procedures, and addresses various issues that may arise.
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. Using various short case studies, you will learn how to address common issues during the inventory count process and best practices that teams can adopt during each stage of the process.
New to CPA Canada, the virtual classroom is an online learning platform that allows you to connect with experts and your peers to ask questions, share ideas and participate in real time. It is a premium digital experience, featuring live group work and interactive case studies to enforce concepts.
Note: Space is limited to the first 25 people who register.
Please note that the material provided for this virtual classroom is strictly for educational purposes.
Additional options and pricing may be available. See pricing and registration for more details.
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Member Development and Support
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