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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.
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.
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.
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