Depending on the industries you audit, you may find yourself performing inventory counts of some interesting inventories! For example, at a large steakhouse chain, one auditor reported that he spent six hours in a large freezer counting steaks. He shared, “I had to use pencil to write my counts because the ink in my pen froze solid.” Other fun examples include counting chickens at a poultry farm, diamonds at a jeweler, pills at a pharmacy, and frozen waffles. For this week’s discussion, share an example of a “peculiar” inventory experience that an auditor might encounter. Include a brief description of the company, the inventory that will be counted, any inventory management controls that you would expect the client to have, and if you would want to be involved in the inventory count.
Depending on the industries you audit, you may find yourself performing inventory counts of some interesting inventories! For example, at a large steakhouse chain, one auditor reported that he spent six hours in a large freezer counting steaks. He shared, “I had to use pencil to write my counts because the ink in my pen froze solid.”
Other fun examples include counting chickens at a poultry farm, diamonds at a jeweler, pills at a pharmacy, and frozen waffles.
For this week’s discussion, share an example of a “peculiar” inventory experience that an auditor might encounter. Include a brief description of the company, the inventory that will be counted, any inventory management controls that you would expect the client to have, and if you would want to be involved in the inventory count.
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