Performing Tests of Balances Procedures: Auditing Inventories (Currently Unavailable)

Author: Larry Perry

This webcast focuses on how to perform auditing procedures for inventories. The webcast includes illustrative auditing procedures and discusses the affects of assessed levels of risk of material misstatement on the design and performance of substantive procedures.

Publication Date: June 2014

Designed For
CPA firm staff personnel assigned to audit engagements who desire a better understanding of how to audit inventories should attend. Internal auditors and finance personnel employed in various industries will also benefit from this webcast.

Topics Covered

• Key accounting and auditing standards affecting inventories
• Understanding relevant assertions for inventories
• Basic auditing procedures for inventories
• Affects of risk of material misstatement on inventories auditing procedures
• Designing and using the most efficient documentation for inventories auditing procedures

Learning Objectives

• Understand the basic procedures for auditing inventories
• Understand the affects of assessed levels of risk of material misstatement on inventories auditing procedures
• Learn ways to audit inventories more efficiently
• Design and prepare the most efficient documentation for inventories auditing procedures

Level
Basic

Instructional Method
Self-Study

NASBA Field of Study
Auditing (2 hours)

Program Prerequisites
None

Advance Preparation
None