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Inventory

a (20 Points)

10 May 2007

Can someone please tell me what are the normal stock checking procedures?

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6 Replies

Sumit (CA Practice ) (675 Points)
Replied 10 May 2007

Hi Ravi

Give me your email id, I will mail you the audit procedures generally adopted in any department.

Bye

Sumit Aggarwal

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Ravi (19 Points)
Replied 10 May 2007

My emailid is raveeraven @ yahoo.com please send me all info that you can send thanks

Sumit (CA Practice ) (675 Points)
Replied 10 May 2007

Hi Ravi

Kindly check your mail box.

I have sent it to you.

Bye

Sumit Aggarwal

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a (20 Points)
Replied 10 May 2007

Hey Thanks a ton Sumit this is great stuff any other Audit related stuff or Excel related stuff please send it over

Ravi (13 Points)
Replied 10 May 2007

By the way these procedures seem to be very extensive are similar procedures followed in statutory audit and also what is the estimated time required to complete this internal audit ..... kindly let me know .... thanks again for all the assistance.

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Sumit (CA Practice ) (675 Points)
Replied 10 May 2007

for statutory audit, a different audit procedure is followed. Whenever you got any assignment for statutory audit, then I will definitely provide you at that time.

Regarding estimated time required, it all depends on your client and the size of the company.

Bye

Sumit Aggarwal