Internal Audit of the Process "Inventory Management and Warehousing"

Internal audit of stocks is a study of the activity of the whole enterprise, as well as of its employees for the purpose of targeted use of inventories, the correctness of their acceptance and use, assessment, reflection of movement in documents, correctness of accounting (primary, analytical and synthetic), correct calculation Norms and careful observance of storage conditions, timeliness and correctness of carrying out of inventory and competent management of stocks. To perform the audit of task complexes within the process of "Inventory Management and Warehousing", various methods of obtaining audit evidence are used, the requirements for which are systematized by certain criteria. The process of "Inventory Management and Warehousing" includes 9 subprocesses, for which features are characteristic. There are two basic methods used in a risk-based approach: simplified and advanced. At the same time, it is more profitable for an organization to use an advanced method. The object of the study is LLC "Mercanto", represented by a network of stores "SPAR". In order to plan the internal audit of the process "Inventory Management and Warehousing", a plan and an audit program were drawn up in LLC "Mercanto". In the process of internal audit, the risks of the process "Inventory Management and Warehousing" are assessed. Control procedures and tests for these risks were developed. In continuation of the issue under consideration, testing of risk management procedures inherent in the process of "Inventory Management and Warehousing" was carried out. The main shortcomings in the process of "Inventory Management and Warehousing" were identified and recommendations were developed to improve the internal control system in the company.