🎓 Welcome to Lecture 3 of our Statutory Audit Masterclass! This session focuses on the essential skills needed for auditing inventory and preparing effectively for statutory audit interviews, particularly with the Big 4.
🌟 "How To Audit Inventory || How to Prepare for Statutory Audit Interview || Big 4 Statutory Audit" is designed to equip you with practical techniques and knowledge for dealing with inventory in audits. Prepare to navigate the complexities of inventory balances and costs with confidence.
✅ What You'll Learn:
- Independent Inventory Evaluation: Importance of performing an initial independent evaluation of inventory before seeking further assistance.
- Inventory Components: Insight into key inventory components such as finished goods, raw materials, and work-in-progress materials.
- Evaluation Process: Steps for conducting an inventory evaluation, starting from material numbers to ensuring the uniqueness of each item.
- Quantity and Value Calculations: Guidance on managing quantity and value calculations during the inventory evaluation process.
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7 сен 2024