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Name
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Prepared
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File
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Year end: |
Reviewed by: |
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Subject: Stock completeness |
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Objective |
To ensure that stock recorded is complete. |
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Method |
Record systems and controls over stock by discussion with warehouse management. Verify a sample of stock sheets from the stock count to final stock sheets. Agree total of final stock sheet to the balance sheet stock amount. If computerised stock control software is used, review adjustments to final count and note reasons for any differences. If manual stock control, obtain a reconciliation of Opening stock, Stock delivered, Stock sold and closing stock. Note reasons for differences between the reconciliation and the final stock count. |
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Result |
Page ref: Comments: |
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Conclusion |
According to the audit work performed, the objective has been met/has not been met. Problems recorded: |
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©Lynnix (UK) Ltd 19
Oct 2007