EAB21104: THE IKEA AUDIT INVENTORY VERIFICATION AND AUDIT PROCEDURES

This video presents a simulated inventory audit at IKEA, highlighting key auditing concepts and procedures. The audit team performs stock count testing using floor-to-sheet and sheet-to-floor methods to verify the accuracy of inventory records. During the audit, several issues are identified, including a cut-off error, valuation issues involving damaged goods under MFRS 102, and risks related to existence and completeness of inventory. The video demonstrates how auditors gather evidence, evaluate internal controls, and ensure that the inventory balance reported in the Statement of Financial Position is accurate and reliable.

TEAM MEMBERS:
1)NURUL NADIAH BINTI MOHAMAD YUSOF (62213125531)
2)MUHAMMAD NAZMI BIN SHAHRUL NIZAM (62213225660)
3)PUTERI ADRIANA BINTI AMRAN (62213124257)
4)SITI NUR IMANINA FITRIAH BINTI JUHAR NAWAWI (62213124607)
5)WAN NUR AFINA BINTI WAN MAHASSAN (62213225185)

Видео EAB21104: THE IKEA AUDIT INVENTORY VERIFICATION AND AUDIT PROCEDURES канала Fina