Small-business owners can apply the results of inventory audits to examine their inventory management procedures and recording methods. These audits assure small-business owners that the company's ...

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 ...

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 ...

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 ...

A new Audit Accountability Committee will hold the Oregon Department of Transportation responsible for following through on audit corrections.