Checklist for a Physical Inventory Audit. Auditors spend a substantial amount of time testing inventory because it usually makes up a large portion of company assets.

Inventory Audit Report Questions. ... The cutoff date ensures that the audit will deliver an accurate count. The auditor will then check how the inventory is organized and, ...

Throughout fiscal year 2018, Anniston Army Depot has been under a Department of Defense-wide audit, which was mandated by Congress.For ANAD, inventory makes the larges impact on the balance sheet.

More than 2,259 computers, among other items, were missing in a wall-to-wall inventory conducted to locate high-tech equipment belonging to the Department of Education in fiscal 2005.