For this week's discussion, consider the following:

Depending on the industries you audit, you may find yourself performing inventory counts of some interesting inventories!

Example Scenarios:

(1) Some organizations, such as the American Red Cross, have inventories of blood and blood components, which they often keep in freezers.

(2) Another example, consider a client who is a poultry producer. This client will likely have a farm with chicken houses containing thousands of birds. While counting this inventory, you will have to comply with prescribed health standards, which may include showering each time you enter a different sector of the farm.

(3) For a large steakhouse chain, one auditor reported to us that he spent six hours in a large freezer counting steaks. As he reported to one of the textbook authors, "I had to use a pencil to write my counts because the ink in my pen froze solid."

(4) Other fun examples include counting diamonds at a jeweler, pills at a pharmacy, and frozen waffles!

For your initial post, research and discuss other "quirky" inventory experiences that auditors might encounter. Would you want to be involved in this type of inventory count? Why or why not?

Your initial post is due on Thursday, 11/4. Your initial post must be at least 100 words. Please post your word count at the bottom of your initial post. You will not be able to see your classmate's posts until you have posted your initial post.

Answer rating: 100% (QA)

For your initial post research and discuss other quirky inventory experiences that auditors might encounter 1 Cigarettes Many audit firms have clients in the tobacco industry This means that auditors ... View the full answer