How are other people approaching inventory counts during covid, for people with 6/30 year end clients? Need ideas. Anyone thinking of doing a virtual audit of the count?

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I’ve had to do one for a 3/31 YE client and yes we did it virtually! Definitely a lot more difficult to see the items clearly (unless they are huge items) but client was very understanding of the situation and patient throughout the whole count. Also took a little longer than normal

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Yes, maybe have them take photos of the labels to verify produce numbers! We also performed a test call first before the actual count

Been doing virtual counts the past week. FaceTime works well and if one party doesn’t have an iPhone the app Duo (FaceTime for android) will work. Have them show you the facility first (virtual tour) then start the count. We did a test first or make sure we are all set and then we just go from there. The client is understanding that they have to slow down a little more.

One possibility is taking a screen shot of labels/bin numbers as long as you ok it with the client first. But shouldn’t be an issue as it can help speed things along. Then you can just jot the count number down and go back and match it up later with the bin

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We have virtual observation procedures. Seems more aggravating. The powers that be decided on 2 simultaneous zoom meetings so they are moving inventory behind our backs

I don’t understand - why two meetings? To keep an eye on people in the back?

Also, highly recommend 2 client contacts in the other end. One to hold the phone and one to count. This makes it much easier to watch the whole process. There is also some guidance that states if traveling to a location would put the auditor in danger, alternative methods may be utilized to test existence.

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