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Surgent's Surging Auditors: Wally's Warehouse - Download

Start Date
Wednesday, May 1 2024
End Date
Wednesday, April 30 2025
Credit Hours
1.00
Fields of Study
Auditing
Type
Seminar
Level
Basic
Member
$49.00
Non-Member
$69.00
Facility Location
Virtual Learning
Company
SELFS
Vendor
Surgent McCoy CPE, LLC
Status
Self Study

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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.

Designed For

Accounting professionals new to taking inventory observations

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 
  • Evaluate the results obtained from the test counts performed

Major Subjects

  • Observation and professional skepticism
  • Interviewing the client
  • Performing test counts
  • Evaluating the results obtained

Prerequisites

None