Inventory Physical Verification & IA typically refers to the process of conducting physical counts and reconciling them with the recorded inventory levels within an organization, with the support of internal auditing (IA) processes.
Here's how it generally works:
- Stock Audit
- BOQ Audit
- Perpetual Audit
- Customized Inventory Management
- Warehouse Management
- Mystery Audits, etc
- Inventory automation
Franchise Inventory PV Overall, the process of Inventory Physical Verification & IA is essential for maintaining accurate inventory records, safeguarding assets, and improving operational efficiency within an organization.