Did you know that the inventory account balance is typically as large as or larger than accounts receivable? That's why it's important to understand not only the types of products your clients manufacture, but also what goes into making those products.
Taking a deep dive into inventory is both fascinating-and indispensable to identifying risk of material misstatement. It's also essential for you to understand how a company makes its money in order to effectively perform an audit.
In this course you'll learn how to determine what goes into your clients' products and how those products are assembled. You'll also explore inventory costing, observations and other necessary audit procedures. By the end of the course, you'll feel fully prepared to perform an inventory audit.
This course is being offered by a 3rd party vendor and will not be accessible on your My CPE page. Webinar access information will be emailed directly to you by AICPA.