Auditing INVENTORY - substantive procedures
This is part 1 in a series on inventory.
In future videos we'll also be covering
* The importance of timing in gathering evidence of inventory (& the use of roll forwards/back)
* Tests of controls for inventory
* Auditing inventory for manufacturing firms (cost accounting - woohoo!)
00:00 Introduction
02:15 Overview of controls
05:19 Existence assertion
11:13 Completeness assertion
12:56 Rights and obligations assertion
14:57 Accuracy, valuation and allocation assertion
19:28 Substantive analytical procedures
My earrings are from fantastic Indigenous business The Koorie Circle - https://thekooriecircle.com.au/
Make sure you've turned on the Notifications bell to get all of my updates.
My ultimate audit study video guide is on my website - everything you need to know to ace your audit exam
https://amandalovestoaudit.com/learning-resources/audit-study-guide/
I'm on social media too
https://www.facebook.com/amandalovestoaudit/
https://www.twitter.com/amandasaudit
http://instagram.com/amandalovestoaudit/
Camera - Sony A6500 + 28mm
Mic - Rode Wireless Go
Monitor - SmallHD Focus
Lighting - Aputure 120dii
Green screen - Elgato
Music - licenced through Soundstripe
Видео Auditing INVENTORY - substantive procedures канала AmandaLovesToAudit
In future videos we'll also be covering
* The importance of timing in gathering evidence of inventory (& the use of roll forwards/back)
* Tests of controls for inventory
* Auditing inventory for manufacturing firms (cost accounting - woohoo!)
00:00 Introduction
02:15 Overview of controls
05:19 Existence assertion
11:13 Completeness assertion
12:56 Rights and obligations assertion
14:57 Accuracy, valuation and allocation assertion
19:28 Substantive analytical procedures
My earrings are from fantastic Indigenous business The Koorie Circle - https://thekooriecircle.com.au/
Make sure you've turned on the Notifications bell to get all of my updates.
My ultimate audit study video guide is on my website - everything you need to know to ace your audit exam
https://amandalovestoaudit.com/learning-resources/audit-study-guide/
I'm on social media too
https://www.facebook.com/amandalovestoaudit/
https://www.twitter.com/amandasaudit
http://instagram.com/amandalovestoaudit/
Camera - Sony A6500 + 28mm
Mic - Rode Wireless Go
Monitor - SmallHD Focus
Lighting - Aputure 120dii
Green screen - Elgato
Music - licenced through Soundstripe
Видео Auditing INVENTORY - substantive procedures канала AmandaLovesToAudit
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