Stock counts and physical verification of assets
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Author: CPD Campus
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Level: Advanced
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Study time: 2 hours
Course overview
Inventory and physical assets can represent a large portion of the value of a business, especially in industries such as manufacturing or retail. When performing an audit of the financial statements of an entity, it is therefore important that the auditor verifies not only the amount of inventory and physical assets, but also its quality and condition to see whether the value is fairly represented in the financial records and statements.
Explore this course to help you complete the fieldwork required for stock counts and the physical verification of assets effectively, efficiently and competently!
Explore this course to help you complete the fieldwork required for stock counts and the physical verification of assets effectively, efficiently and competently!
What's included?
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6 Modules
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1 Quiz
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1 Guide
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1 Certificate of completion
How to?
How should stock counts and the physical verification of assets be completed effectively, efficiently and competently?
Link with the SAICA Competency Framework
- Technical competencies: Assurance and related services - Quality assurance
- Technical competencies: Assurance and related services - Assurance engagements
- Technical competencies: Assurance and related services - Audits of historical financial statements
- Technical competencies: Stewardship of capitals - Reporting fundamentals
- Technical competencies: Stewardship of capitals - Review, analyse and monitor