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Physical Inventory Audit Checklist PDF  Form

Physical Inventory Audit Checklist PDF Form

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Instructions and help about form for physical inventory count

so now that we understand a little bit about cycle counting let's talk about physical control so the ultimate purpose of both the cycle counting and the periodic inventory are to verify the financial value of the inventory and have accurate representation of that cycle counting you use experienced people it's timely corrected errors a few mistakes minimum downtime uh periodic interfere inventory is probably a little more problematic because you're going to use lots of inexperienced people who lack motivation there's usually no correction of causes of errors there's lots of mistakes you got to shut down the plant for a couple of days and really you've got a whole new set of inaccurate records with a physical inventory but as i said you may be required to do a physical inventory depending on what your audit and accounting finance people see so you always want to be prepared for that lots of prerequisites for good physical control secured stockroom uh management education a high climate o

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