Inventory - Possible Count Weaknesses

NotesQuizPaper exam

The auditor should look for the following:

  1. No pre-numbering of count sheets
    This ensures none are counted twice or lost

  2. No "expected" stock amounts on the count sheets

  3. No filling in count sheets in pencil

  4. Counters are store staff

  5. Inventory not tagged after being counted

  6. Count sheets not signed by counter

  7. Lack of written instructions for the counter

NotesQuizPaper exam