Auditing inventory - Part 4 - Tests of internal controls

In this video I cover the most common internal controls over inventory and also demonstrate how to custom-design an audit procedure to test an inventory control

00:00 Introduction
01:25 Controls over purchasing
04:13 Controls over the manufacturing process
05:38 Controls over inventory movement
07:11 Monitoring controls over inventory
12:35 Example of how to design tests of controls

Inventory part 1 - substantive procedures -    • Auditing INVENTORY - substantive proc...  
Inventory part 2 - roll forward and back -    / b-qt9uewjw  
Inventory part 3 - manufacturing firms and product costing -    • Auditing inventory - part 3 - product...  

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Camera - Sony A6500 + 28mm
Mic - Rode VideoMic NTG
Monitor - SmallHD Focus
Lighting - Aputure 120dii
Green screen - Elgato
Music - licenced through Soundstripe