Surgent's Surging Auditors: Wally's Warehouse
Overview:
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.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 Topics:
- Observation and professional skepticism
- Interviewing the client
- Performing test counts
- Evaluating the results obtained
Designed For:
Accounting professionals new to taking inventory observationsPrerequisite:
NoneAdditional Info:
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