TBC Information Network

Teal, Becker & Chiaramonte offering valuable insights, impressions and commentary on today's financial and business world.

Best Practices for Virtual Inventory Counts

For most companies with inventory on their balance sheet, the existence of that inventory is going to be a relevant assertion for auditing purposes. Historically, auditors have been able to obtain evidence of the existence of this inventory by physically going to the company’s location and observing the company’s inventory count. Unfortunately, with COVID-19 restrictions… [keep reading…]