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.
Learning 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
