Inventory

App FIN-IN
L2500-120006
lang Description Language
 
Audit tests for analyzing inventories
$80.00*

per license per year

Excl. 19% VAT

$20.00*

pro rata until year end

Excl. 19% VAT

Excl. 19% VAT
*Minimum usage tent space from the conclusion by the end of the following year. Multipart settlement, pro rata to the first calculation of the current year, then Yearlong sequence calculation beginning of every year.
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System Requirements
IDEA 9.1, 10 and higher

The Inventory (FIN-IN) app contains various audit tests for the analysis of inventories. Besides performing standard evaluations the user can also run specific audit tests to detect issues.

Main app content:

  • Generic description of the data required for analysis
  • Aging
  • Calculation of key figures
  • Plausibility checks

Please note: All audit tests in this application are also available in the Financial app, which additionally contains the audit for the general ledger and several subledgers.

 

Benefits of the Inventory and Financial apps:

The Inventory and Financial apps are addressed to auditors who want to increase the profitability of their audits and respond efficiently to growing regulatory requirements. An overview of the benefits:

  • The applications provide users with a standard set of automatic audit tests in every year-end audit – from journal entry tests to analytical procedures. This allows the use of data analysis to be standardized and reproduced in every audit.
  • Optimal integration in the audit cycle ensures that data analysis replaces conventional procedures and does not just fall under the category of “nice-to-have.”
  • Reproducibility of the audits ensures uniform and high audit quality in all year-end audits. 
  • The audit tests are itemized in a process-oriented logical structure by audit phases.
  • The apps make users independent of different accounting systems and their system-based evaluations.
  • With the aid of the applications, journal entry tests required by the International Standards on Auditing (ISA 240.32 and ISA 240.A43) can be quickly and easily performed.