Hi,
Inventory audit (PI) for EBO's and COCO stores owned by the company should be done by the external auditor (agency) or in-house staff. Can in-house staff also conduct these audits (PI)?
I want to know if there is any statutory requirement for PI.
Thanks in advance!!!!!!
From India, Mumbai
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3Inventory audit (PI) for EBO's and COCO stores owned by the company should be done by the external auditor (agency) or in-house staff. Can in-house staff also conduct these audits (PI)?
I want to know if there is any statutory requirement for PI.
Thanks in advance!!!!!!
From India, Mumbai
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Audit Teams for Inventory Audits
Stores or inventory audits can be conducted by either the internal audit team or the external audit team. What matters is how the audit is conducted and the specific points it covers.
Types of Audits
There are two types of audits: Accounts audit and Finance audit, both of which are important.
Earlier, I provided a response regarding the points to be included in the audit of the stores. You can refer to the reply by clicking on the following link (scroll down till the fourth reply): https://www.citehr.com/446398-how-st...ification.html
Thanks,
Dinesh Divekar
From India, Bangalore
Acknowledge(1)Amend(0)
Stores or inventory audits can be conducted by either the internal audit team or the external audit team. What matters is how the audit is conducted and the specific points it covers.
Types of Audits
There are two types of audits: Accounts audit and Finance audit, both of which are important.
Earlier, I provided a response regarding the points to be included in the audit of the stores. You can refer to the reply by clicking on the following link (scroll down till the fourth reply): https://www.citehr.com/446398-how-st...ification.html
Thanks,
Dinesh Divekar
From India, Bangalore
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