Inventory is a large part of the auditing process for companies with physical goods. Inventory is a substantial portion of total assets for many companies. In addition, there are many complex ...

Small-business owners can apply the results of inventory audits to examine their inventory management procedures and recording methods. These audits assure small-business owners that the company's ...

Any business that uses assets should hold a regular asset inventory audit in order to track important data like the number, condition, and location of all assets. The audit is a cost-effective method ...

A new audit data standard issued by the AICPA Assurance Services Executive Committee (ASEC) addresses the inventory subledger and is intended to accommodate basic analysis of the inventory process.

A comprehensive equipment inventory will be conducted between July and June every other fiscal year using the guidelines outlined in the tracking/control procedures. At the department’s request a copy ...

ANNISTON ARMY DEPOT, Ala. -- Throughout fiscal year 2018, Anniston Army Depot has been under a Department of Defense-wide audit, which was mandated by Congress. "The DOD comprises a very large ...