While people outside of the accounting profession continue to smugly insist that accountants will be […]
Tag: Inventory Counts
AI Probably Won’t Be Taking Over All the Inventory Counts Any Time Soon
In the working paper “Beyond AI Exposure: Which Tasks are Cost-Effective to Automate with Computer […]
How Many Non-Auditors are Getting Pulled Off the Bench to Do Inventory Counts This Year?
Hello and Happy post-Christmas Monday, everyone. Quick show of hands (let’s just pretend I can […]
Did PwC Actually Pay Off Audit Staff to Do Inventory Counts Out of Desperation?
According to this recent post on Fishbowl, the answer is yes: Hey, if you’re a […]
Who’s Ready to Count Some Inventory?
When I was going to community college, I worked at Sports Authority. And each year […]
PwC U.K. Drones On and On About Using a Drone for Inventory Count Audit
While you first-years were slaving away doing year-end inventory counts of grain or cakes in […]
You Can Count on Inventory Counts to Be Bad (Again) This Year
So here I am crouched over in front of my laptop on the last Saturday […]
Exposure Drafts: Four Out of Five Accountants Recommend a Term Other Than ‘Bean Counter’
Exposure Drafts appears every other Wednesday. Send your accounting cartoon suggestions and accountant pejoratives to […]
Exposure Drafts: Things They Don’t Tell You About in Auditor School
Exposure Drafts appears every other Wednesday. Send comments and suggestions to editor@goingconcern.com.
Auto Supplies, a Condescending Partner and Chick-fil-A: An Inventory Count Horror Story
What is the worst inventory observation you’ve ever done? My coworker once counted grain and had to scale the enormous storage vat and look down into it. That wouldn’t work for me. I harbor a pathological fear of falling into one of those things, suffocating among the wheat shafts, and winding up ground into a box of breakfast cereal. (I had a damaged childhood, okay?)
Count Your Blessings For Not Being on These Horrible Inventory Counts
It's that time of year again, I'm busy doing a year-end inventory count of my cats and there may be a few of you huddled in freezers and barns and warehouses around the country asking yourselves "I mean just how material is this variance?"
We asked the auditors out there to share some inventory count horror stories and here are some of the best (or is that worst?).
Let's get right to it:
Breaking News: Accounting is a Depressing Career
This one goes out to everyone getting up at the crack of dawn this Saturday […]