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Auditors Procedures After Stock Taking
It is particularly a follow up exercise and it includes:
1) Checking the cut off along with the details of last numbers of stock movement forms and goods outward and goods inward notes after the year and end while the year.
2) Ensuring about the final stock sheets have been simply prepared from the count records. He must specifically check which all the forms issued were returned.
3) He should verify the final stock sheets for pricing, casting, extensions, summarization and the essential improvement.
4) The attendance and follow up any notice made.
5) Showing the management of any problems in stock taking exercise so because they can act accordingly.
Stock Taking - Audit Process The procedures for carrying out physical stock taking vary in detail according to the circumstances and size of the business and the life of its
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hi, im a preformer and i want to know should i be myself duing an audition or should i act proper ans sweet like everyone els
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