Global Learning for Operational Leaders
Introduction
Course overview
Fixed assets and inventory often represent a large share of an organisation's balance sheet, and they are exposed to loss, theft, damage, obsolescence and misstatement. Weak controls can result in assets that exist only on paper, stock that cannot be found, inflated valuations and poor decisions on purchasing and maintenance.
This Auditing Fixed Assets and Inventory training course provides auditors with a practical approach to reviewing the full life cycle of physical assets. Participants learn how to audit capital expenditure approval, asset registers, tagging and physical verification, depreciation and impairment, disposals, inventory receipt and storage, stock counts, valuation and write-offs.
The course also shows how data analytics, site visits and observation can be combined to give strong assurance and identify opportunities to improve asset utilisation and reduce losses.