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