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Friday, April 9, 2027 Live Webcast

The Controller Function - Inventory Part 2 - Valuation, Inventory Methods and Inventory Fraud (X4-7758985)

1:00 PM - 2:22 PM EDT
webcast

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1.5 CPE Credits in AA

OVERVIEW

This course is one of the courses dedicated to our Controllership Series. This series of courses is dedicated to exploring the traditional controller role and stepping out of the box to identify areas where the controller can continue to add strategic value to their organizations. Within this segment of our controllership series, we continue our discussion on inventory from segment one. This specific segment focuses on areas of inventory valuation, the types of physical inventory methods, and inventory fraud. These areas are critical for the controller to have a strong comprehension of and also participate in the development of policies and procedures.

DESIGNED FOR

Anyone who performs audit or other attest services

BENEFITS

  • Describe the potential impact of risks faced by public accountants when performing audit and other attest services  
  • Explain the results of the findings and recommendations made by the Center for Audit Quality and PCAOB as an outcome from quality control reviews
  • Recall common peer review deficiencies in all types of attest engagements 
  • Apply best practices for ensuring professional, technical, regulatory and ethical standards for various audit and other attest services

HIGHLIGHTS

  • Applying professional skepticism to ensure quality work
  • Meaningful risk assessment when designing work programs for various levels of services
  • Proper planning and supervision of all engagements
  • Accountant responsibilities for evaluating internal control
  • Strengthening analytic procedures to support conclusions
  • Complying with the Code of Professional Conduct and quality management standards 

COURSE LEVEL

Basic

PREREQUISITES

None

ADVANCE PREPARATION

None

INSTRUCTOR

Lynn Fountain

Lynn Fountain, CGMA, CRMA, M.B.A.

AICPA

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PRICING

$79.00 - Member

$99.00 - Nonmember

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Note: Online pre-registration will close on April 9 at 12:30 PM.

ADDITIONAL OPTIONS

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COURSE DEVELOPER

ACPEN