7DEC
7 - 11 Dec 2026Mon to Fri · 5 days
BarcelonaSpain · Classroom
£3,850per delegate2+ people: £3,080 each
Professional training course · AGRC-057
Auditing Fixed Assets and Inventory
Fixed assets and inventory often represent a large share of an organisation's balance sheet, and they are exposed to loss, theft, damage, obsolescence and misstatement…
- 5 daysClassroom
- 49Upcoming dates
- 12Cities
- £2,840Fees from
Course overview
Introduction
Fixed assets and inventory often represent a large share of an organisation's balance sheet, and they are exposed to loss, theft, damage, obsolescence and misstatement. Weak controls can result in assets that exist only on paper, stock that cannot be found, inflated valuations and poor decisions on purchasing and maintenance.
This Auditing Fixed Assets and Inventory training course provides auditors with a practical approach to reviewing the full life cycle of physical assets. Participants learn how to audit capital expenditure approval, asset registers, tagging and physical verification, depreciation and impairment, disposals, inventory receipt and storage, stock counts, valuation and write-offs.
The course also shows how data analytics, site visits and observation can be combined to give strong assurance and identify opportunities to improve asset utilisation and reduce losses.
Course Objectives
By the end of this training course, participants will be able to:
- Identify the main risks over fixed assets and inventory
- Plan risk-based audits of asset and inventory processes
- Audit capital expenditure approval and capitalisation decisions
- Test asset registers, tagging and physical verification
- Review depreciation, impairment and disposal controls
- Audit inventory receiving, storage, issues and stock counts
- Evaluate inventory valuation, obsolescence and write-offs
- Use analytics to identify asset and inventory anomalies
Target Audience
This training course is suitable for a wide range of professionals, including:
- Internal auditors and audit managers
- Financial controllers and accountants
- Warehouse and inventory managers
- Asset and facilities managers
- External auditors
- Risk and compliance professionals
Training Methodology
The course uses sample asset registers, stock records, count sheets and valuation reports. Participants plan and simulate a stock count, test an asset register, analyse inventory data for slow-moving and obsolete items and review disposals. Case studies illustrate asset misappropriation schemes and their detection.
Target Competencies
- Asset and inventory risk assessment
- Asset register testing
- Stock count planning and observation
- Valuation review
- Asset analytics
- Loss prevention recommendations
Course outline
-
1Day One: Risks and Planning for Asset Audits
- Types of fixed assets and inventory and their risks
- Accounting principles for assets and inventory in overview
- Key controls across the asset and inventory life cycle
- Understanding systems, registers and warehouse processes
- Risk assessment and scoping of the audit
- Planning site visits and data requests
- Exercise: building a risk and control matrix
-
2Day Two: Capital Expenditure and Asset Registers
- Capital budgeting and approval of capital projects
- Capitalisation policy and distinguishing capital from revenue
- Asset register completeness and accuracy
- Asset tagging, location and custodian records
- Physical verification and reconciliation to the ledger
- Assets under construction and project transfers
- Exercise: testing a sample asset register
-
3Day Three: Depreciation, Impairment and Disposal
- Depreciation methods, useful lives and residual values
- Recalculating depreciation and identifying errors
- Indicators of impairment and impairment reviews
- Asset transfers between locations and entities
- Disposal approval, valuation and proceeds
- Write-offs, scrapping and donation of assets
- Case study: misappropriation through disposal processes
-
4Day Four: Inventory Controls and Stock Counts
- Receiving, inspection and recording of goods
- Storage security, access and segregation of duties
- Issues, transfers and returns controls
- Planning, observing and testing stock counts
- Cycle counting programmes and their effectiveness
- Investigating and approving count differences
- Exercise: planning and observing a stock count
-
5Day Five: Valuation, Analytics and Reporting
- Inventory costing methods and valuation checks
- Slow-moving, obsolete and damaged stock provisions
- Analytics for stock ageing, turnover and anomalies
- Identifying unused and underutilised assets
- Writing findings that reduce loss and improve utilisation
- Agreeing management actions and follow-up
- Personal action plan for asset and inventory auditing
Schedule
Dates and fees
49 upcoming dates in 12 cities. Fees are per delegate; bring colleagues and every seat is discounted.
December 2026
BarcelonaSpain · Classroom
14DEC
14 - 18 Dec 2026Mon to Fri · 5 days
FrankfurtGermany · Classroom
£3,250per delegate2+ people: £2,600 each
21DEC
21 - 25 Dec 2026Mon to Fri · 5 days
LondonUnited Kingdom · Classroom
£4,200per delegate2+ people: £3,360 each
January 2027
4JAN
4 - 8 Jan 2027Mon to Fri · 5 days
BarcelonaSpain · Classroom
£3,850per delegate2+ people: £3,080 each
11JAN
11 - 15 Jan 2027Mon to Fri · 5 days
FrankfurtGermany · Classroom
£3,250per delegate2+ people: £2,600 each
18JAN
18 - 22 Jan 2027Mon to Fri · 5 days
ParisFrance · Classroom
£4,500per delegate2+ people: £3,600 each
25JAN
25 - 29 Jan 2027Mon to Fri · 5 days
LondonUnited Kingdom · Classroom
£4,200per delegate2+ people: £3,360 each
February 2027
1FEB
1 - 5 Feb 2027Mon to Fri · 5 days
LondonUnited Kingdom · Classroom
£4,200per delegate2+ people: £3,360 each
8FEB
8 - 12 Feb 2027Mon to Fri · 5 days
BarcelonaSpain · Classroom
£3,850per delegate2+ people: £3,080 each
15FEB
15 - 19 Feb 2027Mon to Fri · 5 days
FrankfurtGermany · Classroom
£3,250per delegate2+ people: £2,600 each
22FEB
22 - 26 Feb 2027Mon to Fri · 5 days
RomeItaly · Classroom
£4,250per delegate2+ people: £3,400 each
March 2027
1MAR
1 - 5 Mar 2027Mon to Fri · 5 days
ViennaAustria · Classroom
£4,250per delegate2+ people: £3,400 each
8MAR
8 - 12 Mar 2027Mon to Fri · 5 days
LondonUnited Kingdom · Classroom
£4,200per delegate2+ people: £3,360 each
15MAR
15 - 19 Mar 2027Mon to Fri · 5 days
BarcelonaSpain · Classroom
£3,850per delegate2+ people: £3,080 each
22MAR
22 - 26 Mar 2027Mon to Fri · 5 days
FrankfurtGermany · Classroom
£3,250per delegate2+ people: £2,600 each
April 2027
5APR
5 - 9 Apr 2027Mon to Fri · 5 days
FrankfurtGermany · Classroom
£3,250per delegate2+ people: £2,600 each
12APR
12 - 16 Apr 2027Mon to Fri · 5 days
AmsterdamNetherlands · Classroom
£4,250per delegate2+ people: £3,400 each
19APR
19 - 23 Apr 2027Mon to Fri · 5 days
LondonUnited Kingdom · Classroom
£4,200per delegate2+ people: £3,360 each
26APR
26 - 30 Apr 2027Mon to Fri · 5 days
BarcelonaSpain · Classroom
£3,850per delegate2+ people: £3,080 each
May 2027
3MAY
3 - 7 May 2027Mon to Fri · 5 days
BarcelonaSpain · Classroom
£3,850per delegate2+ people: £3,080 each
10MAY
10 - 14 May 2027Mon to Fri · 5 days
FrankfurtGermany · Classroom
£3,250per delegate2+ people: £2,600 each
17MAY
17 - 21 May 2027Mon to Fri · 5 days
Cape TownSouth Africa · Classroom
£2,840per delegate2+ people: £2,272 each
24MAY
24 - 28 May 2027Mon to Fri · 5 days
LondonUnited Kingdom · Classroom
£4,200per delegate2+ people: £3,360 each
June 2027
7JUN
7 - 11 Jun 2027Mon to Fri · 5 days
BarcelonaSpain · Classroom
£3,850per delegate2+ people: £3,080 each
14JUN
14 - 18 Jun 2027Mon to Fri · 5 days
FrankfurtGermany · Classroom
£3,250per delegate2+ people: £2,600 each
21JUN
21 - 25 Jun 2027Mon to Fri · 5 days
LondonUnited Kingdom · Classroom
£4,200per delegate2+ people: £3,360 each
July 2027
5JUL
5 - 9 Jul 2027Mon to Fri · 5 days
GenevaSwitzerland · Classroom
£5,250per delegate2+ people: £4,200 each
12JUL
12 - 16 Jul 2027Mon to Fri · 5 days
LondonUnited Kingdom · Classroom
£4,200per delegate2+ people: £3,360 each
19JUL
19 - 23 Jul 2027Mon to Fri · 5 days
BarcelonaSpain · Classroom
£3,850per delegate2+ people: £3,080 each
26JUL
26 - 30 Jul 2027Mon to Fri · 5 days
FrankfurtGermany · Classroom
£3,250per delegate2+ people: £2,600 each
August 2027
2AUG
2 - 6 Aug 2027Mon to Fri · 5 days
FrankfurtGermany · Classroom
£3,250per delegate2+ people: £2,600 each
9AUG
9 - 13 Aug 2027Mon to Fri · 5 days
IstanbulTurkey · Classroom
£2,850per delegate2+ people: £2,280 each
16AUG
16 - 20 Aug 2027Mon to Fri · 5 days
LondonUnited Kingdom · Classroom
£4,200per delegate2+ people: £3,360 each
23AUG
23 - 27 Aug 2027Mon to Fri · 5 days
BarcelonaSpain · Classroom
£3,850per delegate2+ people: £3,080 each
September 2027
6SEP
6 - 10 Sep 2027Mon to Fri · 5 days
BarcelonaSpain · Classroom
£3,850per delegate2+ people: £3,080 each
13SEP
13 - 17 Sep 2027Mon to Fri · 5 days
FrankfurtGermany · Classroom
£3,250per delegate2+ people: £2,600 each
20SEP
20 - 24 Sep 2027Mon to Fri · 5 days
LondonUnited Kingdom · Classroom
£4,200per delegate2+ people: £3,360 each
October 2027
4OCT
4 - 8 Oct 2027Mon to Fri · 5 days
LondonUnited Kingdom · Classroom
£4,200per delegate2+ people: £3,360 each
11OCT
11 - 15 Oct 2027Mon to Fri · 5 days
BarcelonaSpain · Classroom
£3,850per delegate2+ people: £3,080 each
18OCT
18 - 22 Oct 2027Mon to Fri · 5 days
FrankfurtGermany · Classroom
£3,250per delegate2+ people: £2,600 each
25OCT
25 - 29 Oct 2027Mon to Fri · 5 days
MadridSpain · Classroom
£4,250per delegate2+ people: £3,400 each
November 2027
1NOV
1 - 5 Nov 2027Mon to Fri · 5 days
MunichGermany · Classroom
£4,250per delegate2+ people: £3,400 each
8NOV
8 - 12 Nov 2027Mon to Fri · 5 days
LondonUnited Kingdom · Classroom
£4,200per delegate2+ people: £3,360 each
15NOV
15 - 19 Nov 2027Mon to Fri · 5 days
BarcelonaSpain · Classroom
£3,850per delegate2+ people: £3,080 each
22NOV
22 - 26 Nov 2027Mon to Fri · 5 days
FrankfurtGermany · Classroom
£3,250per delegate2+ people: £2,600 each
December 2027
6DEC
6 - 10 Dec 2027Mon to Fri · 5 days
FrankfurtGermany · Classroom
£3,250per delegate2+ people: £2,600 each
13DEC
13 - 17 Dec 2027Mon to Fri · 5 days
ParisFrance · Classroom
£4,500per delegate2+ people: £3,600 each
20DEC
20 - 24 Dec 2027Mon to Fri · 5 days
LondonUnited Kingdom · Classroom
£4,200per delegate2+ people: £3,360 each
27DEC
27 - 31 Dec 2027Mon to Fri · 5 days
BarcelonaSpain · Classroom
£3,850per delegate2+ people: £3,080 each
No dates in this city right now. Request a quotation and we will suggest the nearest date.
Questions
Frequently asked questions
How long is the Auditing Fixed Assets and Inventory course?
The course runs over 5 days of classroom training, usually Monday to Friday.
When is the next Auditing Fixed Assets and Inventory course?
The next public date is 7 - 11 Dec 2026 in Barcelona. There are 49 upcoming dates in total.
Where is this course held?
Upcoming sessions run in Barcelona, Frankfurt, London, Paris, Rome, Vienna, Amsterdam, Cape Town, Geneva, Istanbul, Madrid, Munich.
How much does the course cost?
Fees start from £2,840 per delegate, depending on the city. Fees include tuition and course materials.
Do participants receive a certificate?
Yes. Delegates who complete the course receive a London Leadership Management Innovation certificate of completion.
Can this course be delivered in-house for our team?
Yes. LLMI can tailor and deliver this course privately for your organisation at your premises or in one of our training cities.
Course information last updated 14 November 2026.
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