Small, privately held businesses that warehouse inventory in an onsite or offsite location typically conduct an annual internal inventory audit. While procedures for counting and valuing inventories ...
A new audit data standard issued by the AICPA Assurance Services Executive Committee addresses the inventory subledger and is intended to accommodate basic analysis of the inventory process. Through ...
Editor’s note: The coronavirus pandemic has made inventory testing a huge challenge for auditors, particularly for client entities with a March 31 fiscal year end. Audit firms are requiring staff to ...
Auditors spend a substantial amount of time testing inventory because it usually makes up a large portion of company assets. Many auditors maintain a physical inventory count checklist of items to ...
Director of Compliance Kerry Jacobs details how consistency, training and accountability strengthened compliance audits across 9 states ...
HILO — Inadequate inventory control at county Public Works baseyards allowed chainsaws, string trimmers, a generator, lawnmower, digital camera and other items to walk off the job. ADVERTISING HILO — ...
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