Basic Staff Training

Series: Auditing

Inventories

Course Description:

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

Learning Objectives:

Upon successful completion of this course, participants will be able to:

• Understand the fundamental concepts of the 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