Shubham MangalShubham asked 2 years ago
1 Answers
Auditaudit Staff answered 1 year ago

As auditor we have to check, how management is conducting physical verification, what arrangement they have done. in inventory counting, counting data is generally written with pen not pencil on pre numbered inventory sheet so that, such lists should not be altered after writing counting data on it, this will ensure there are no manipulation after writing actual inventory data.
we should also ensure unused sheets are returned and not misused or hidden from management. so we need to keep control over used and unused sheets. this will also ensure completeness that none of the inventory counting is missed.

Call Back Request