Purpose-built data analytic tools are highly effective in analyzing high volumes of data, such as inventory. A data-driven approach to inventory audits can help you implement more efficient processes and identify trends or patterns for cost-saving opportunities.
This session will discuss specific steps you can take right now to transform your inventory audit approach to a data-driven one.
Bonus: Each Webcast includes data files to practice your new data-driven audit skills!
One Hour; 20 Minutes (1.5 CPE)
12:00 PM - 1:20 PM Central
Al Anderson, CPA
President, ACCOUNTability Plus, LLC
Al is the President of ACCOUNTability Plus, LLC, a global leader in accounting and assurance advancement. He is the Founder of A&A Leaders Leagues, a collaboration of leaders redefining A&A for the future. He is a frequent speaker and educator who works directly with auditors and firms to transform their A&A services. Over his career spanning more than three decades, Al worked from staff auditor to Senior Vice President at the AICPA before creating ACCOUNTability Plus, LLC. He continues to participate in “Auditing in the Future” initiatives and is committed to his vision of redefining A&A.
After completing this training, participants will learn:
Identify data-driven audit opportunities for inventory
Perform data-driven pricing analysis
Apply data analytic techniques for excess quantities and obsolesce
Compare market prices to inventory costs
Perform margin analysis by inventory product lines
Audimation Services, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of the continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: nasbaregistry.org
CPAs may contact us by email at [email protected] to receive promotional materials containing details on the required elements of the National Registry of CPE Sponsors.