Description
During this interactive game, participants take the role of an auditor performing a physical inventory observation at a client's warehouse. Participants will have the opportunity to use their powers of observation and exercise professional skepticism in identifying areas of risk that might need follow-up, interviewing Wally the client, and performing inventory test counts. After performing the test counts, participants will evaluate the results.
Highlights
- Observation and professional skepticism
- Interviewing the client
- Performing test counts
- Evaluating the results obtained
Objectives
- Use your powers of observations and exercise professional skepticism to identify issues related to the physical inventory observation
- Identify high value questions to ask the client prior to performing the test counts
- Perform procedures to test the existence, completeness, and accuracy of the physical inventory count
- <span data-contrast="auto" xml:lang="EN-US">Evaluate the results obtained from the test counts performed
Designed For
Accounting professionals new to taking inventory observations
Course Pricing
WYOCPA Member Fee
$49.00
Non-Member Fee
$64.00
Your Price
$64.00
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