Audit Considerations: Stock Counts and External Confirmations (Sep 25)
Category: Audit | Duration: 1hr | Tag: VODUK2558 | Type: Video | Course Level: Foundation | Speaker: Lindsay Webber, Lungi Sepotokele | Date: 11/09/2025 11:30
Stock counts and external confirmations are two of the most common audit procedures and both provide excellent audit evidence. In this course Lindsay covers the requirements of ISA 501 and ISA 505 covering stock counts, solicitors confirmations, bank confirmations and debtors / creditors confirmations. This course provides useful and practical guidance in planning, executing and documenting these procedures.
Lindsay Webber covers the following topics during this presentation:
• Stock count requirements
• Stock count exceptions
• External confirmations
• Audit documentation
• Upcoming changes to ISA 505
Lindsay Webber
Lungi Sepotokele