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CAATs in Inventory Count - September 2024

The document describes a five-day training seminar on applying computer-assisted audit techniques using Excel for inventory count and reconciliation. The seminar will cover fundamentals of inventory counts, the count process, and using Excel functions to access, manipulate and analyze inventory data. It provides details on schedule, objectives, outline, registration and payment.

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Karen Peñaflor
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15 views

CAATs in Inventory Count - September 2024

The document describes a five-day training seminar on applying computer-assisted audit techniques using Excel for inventory count and reconciliation. The seminar will cover fundamentals of inventory counts, the count process, and using Excel functions to access, manipulate and analyze inventory data. It provides details on schedule, objectives, outline, registration and payment.

Uploaded by

Karen Peñaflor
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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APPLYING CAATs

(Computer Assisted Auditing and Accounting Techniques Using Excel)


IN INVENTORY COUNT AND RECONCILIATION
COURSE DETAILS

Schedule: September 16, 17, 18, 19 and 20, 2024


Duration: Five half-day sessions
Time: 8:00 am to 12:00 noon per session day
Knowledge Level: Basic to Intermediate
Competency: Critical Thinking, Internal Audit Delivery
Delivery Format: Online Training through Zoom
Position Level: Internal Auditors; Accounting and Finance Personnel, IT Personnel, Warehouse
and Operations Personnel, or any staff handing Inventory Management and Supply Chain
responsibilities
Fee: Php 9,408.00 inclusive of VAT
EMINAR OBJECTIVES
COURSE DESCRIPTION

The participants will learn the essentials on what it takes to successfully audit, assess and
complete an inventory count and reconciliation activity.

As part of group activity, simulated cases will reinforce the participants’ understanding of the
process by discussing, deliberating and finding consensus on issues and matters critical to the
success of the inventory count activity. This will prepare the participants for their next count
and avoid the common pitfalls and problems encountered during the count and reconciliation
process.

It will also discuss the key elements of the inventory count instruction covering the procedures,
forms and responsibilities that need to be observed during the actual count and reconciliation
procedures.

Cases covered by the seminar include the use of manual count procedures and partially
automated process using bar gun technology. The seminar does not include RFID enabled
solutions.

___________________________________________________________________________________________
Telephone: (63 2) 87887928; Mobile: 0915-7068046
Email: [email protected] or [email protected]
Website: www.ciasp.com.ph
COURSE OUTLINE

I. Fundamentals
a. Composition of the count team
b. Roles and responsibilities
c. Principles and leading practices
d. Audit findings and experiences during count

II. Scope of the inventory count activity


a. Type (i.e. cycle count, annual count)
b. Manner (i.e. manual or with the use of bar gun)

III. The inventory count instruction


a. Procedures
b. Forms
c. Flowchart

IV. Processes of the inventory count activity


a. Planning the activity
b. Pre-count activities
c. Conducting the actual inventory count
d. Summarization of the results of count
e. Reconciliation of variances
f. Book-to-physical adjustments

CAATS USING EXCEL – FUNCTIONS COVERED

1. Accessing Validating data


a. Get external data
b. Pivot table (total, duplicates & gaps)
2. Manipulating data
a. Get external data
b. Text functions
c. Name manager
d. Vlookup
e. Pivot table
f. Len, left, mid, right, trim
g. Proper, upper, lower

___________________________________________________________________________________________
Telephone: (63 2) 87887928; Mobile: 0915-7068046
Email: [email protected] or [email protected]
Website: www.ciasp.com.ph
h. Text to column
i. If (and/or)
3. Managing and consolidating multiple worksheets
a. Data grouping
b. Power of equals
4. Managing worksheets and data entry
a. Data validation
b. Protecting cells
c. Hiding formula and tabs
5. Creating amazing visualization
a. Pivot chart
b. Conditional formatting
c. Insert object
d. Custom built charts

Participants will bring samples of their financial, accounting and audit data/reports so that the
case studies and exercises can be customized.

REGISTRATION

To register, please consider either of the following options:


• Option 1: Please visit CIASP website, www.ciasp.com.ph. Click on the “Register” button
for the seminar on Applying CAATs in Inventory Count and Reconciliation. You
will be directed to an online Google form. Please fill in your details on the form and
click ‘Submit.’ We will acknowledge your registration as soon as practicable. Or click
this link:
https://docs.google.com/forms/d/e/1FAIpQLSe91lslgT-cjlR7nSD9tN-tBT-B-aoHubv-
oxhubHH41UObQA/viewform
• Option 2: You can email or communicate with us through [email protected]
and/or [email protected]. Please provide your full contact
details (full name, organization, designation, email address, office phone and mobile
phone).
We will provide billing invoice upon receipt of the registration.

FEES AND PAYMENT DETAILS

• Regular Rate - Php 9,408.00 inclusive of VAT.


• Limited slots. Guaranteed seats will be given to those with paid registration.

___________________________________________________________________________________________
Telephone: (63 2) 87887928; Mobile: 0915-7068046
Email: [email protected] or [email protected]
Website: www.ciasp.com.ph
• Payments can be made in cash or check.
• Payment should be deposited to any BPI branch. Payment can also be done through
online funds transfer (e.g. PesoNet, GCash, Maya, InstaPay, bank wire transfer, etc.).
CIASP bank account details are:
• Bank of the Philippine Islands (BPI)
• Current Account Number: 1621-0070-72
• Account Name: Center for Internal Advisory Services Philippines Inc
• SWIFT Code/BIC: BOPIPHMM
• For GCash transfer – bank: BPI; payee: Ciasp; account number: 1621007072
• For check payment, please make it payable to the account name.
• Payment through credit card or debit card (Mastercard, Visa, Amex) through Paypal
also accepted.
• Please email scanned copy or picture of deposit slip or online transfer form so we could
confirm receipt and provide the relevant seminar details and procedures.

OTHER SEMINAR DETAILS

• Seminar Inclusions:
• Attendance to the webinar sessions
• Link/access to the google drive for the seminar materials
• Certificate of completion
• Delivery Mode:
• Webinar through Zoom
• Computer Requirements:
• Webinar participants should use laptop or desktop computers (not mobile phones)
loaded with MS Excel 2010 or higher version
• Resource Speaker/Facilitator
• Allan A. Palacio; Vice-President, CIASP
• Time Schedule for the Webinar Sessions
• 8:00 am to 12:00 noon per session day

CONTACT DETAILS

Email: [email protected] or [email protected]


Website: www.ciasp.com.ph
Landline: (02) 87887928
Mobile: 0915-7068046
___________________________________________________________________________________________
Telephone: (63 2) 87887928; Mobile: 0915-7068046
Email: [email protected] or [email protected]
Website: www.ciasp.com.ph
SPEAKER PROFILE

ALEJANDRO “ALLAN” A. PALACIO, CPA

Allan is a highly experienced fraud audit and data analytics professional using Excel, Tableu,
ACL and IDEA. He has worked on various high profile fraud audit cases and operational projects
requiring the use of data analytics and accelerated reporting process to include:
• Php 40 million project involving the cleansing of SAP database for a certain multinational
Company
• Php 20 million project involving the investigation of a massive bank fraud totaling Php14
billion.
• Php10 million project involving the validation of the attendance of over 15,000 personnel
and reconstruction of payroll for a multinational Company involving 500 thousand data.
• Php 8 million project involving the validation of sources and uses of donor funds covering
over 10 years of data
• Php 3 million project regarding the investigation of an alleged procurement fraud
committed by a certain US federal service contractor involving over 12 million data
spanning across 10 years of transactions
• Php 3 million project involving the reconstruction of insurance receivables of certain
companies totaling over Php200 million

His passion for teaching and developing seminar courses led to the conduct of best-selling
seminars on various topics such as data analytics, risk-based auditing, fraud audit, ERM and
audit tools.

Allan served as the Professional Development Manager of Institute of Internal Auditors


Philippines in 2014. Prior to this, he was with Grant Thornton Vietnam as Senior Manager for
Advisory Services where he established the firm’s Business Risk Services practice focusing on
enterprise risk management, IT services, fraud and forensic, internal audit and consulting. He
was also with Grant Thornton Philippines (Punongbayan & Araullo) as managing consultant.
His diversified experience in delivering advisory services to various companies in different
industries provided him with a unique perspective that he will share with the seminar
participants.

Allan is also a board topnotcher (6th place in the May 2003 CPA exam) and continues to keep
in touch with the academe by being a CPA review lecturer at PSBA – Quezon City. He is a highly
sought after speaker on data analytics, fraud and computerized audits. He had previous
speaking engagements at various organizations such as Information Systems Audit and Control
___________________________________________________________________________________________
Telephone: (63 2) 87887928; Mobile: 0915-7068046
Email: [email protected] or [email protected]
Website: www.ciasp.com.ph
Association (ISACA) Manila, Institute of Internal Auditors Philippines (IIAP), Center for Global
Best Practices, Grant Thornton Vietnam and Cambodia, Association of Chartered Certified
Accountants Vietnam, and International Data Group Cambodia.

___________________________________________________________________________________________
Telephone: (63 2) 87887928; Mobile: 0915-7068046
Email: [email protected] or [email protected]
Website: www.ciasp.com.ph

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