 To determine inventory quantities by means of a physical count.

 To observe physical counts of the goods, if practicable and reasonable.

 To understand the role of Physical counting in inventory record accuracy.
 To understand relevant costs associated with inventory.
 To perform SR. Foods inventory control and analysis.
 To perform test counts and record a sample of counts in the working papers.
 To obtain tag control information for testing the clients inventory compilation.
 Check on record- keeping and verify purchase/ Sales registers and Goods received note
and Goods returned note.
 Confirmation of stock/supplies at ? , in transit or sent on consignment. Or
 To inquire/observe about goods held on consignment for others or held on a “bill and
hold” basis.
 Check for Unpaind stock/supplies.
 Check for abnormal increase/decrease in supplies/stocks. or
 Any slow moving or damaged items will be separately identified and recorded. or
 To observe the condition of the inventory for items that may be obselete, slow moving, or
carried in excess quantities.
 To obtain cutoff information, including the number of the last shipping and receiving
documents issued.
 Obtain an independent accountant's report on the warehouseman's control
procedures relevant to custody of goods and, if applicable, pledging of receipts,
or apply alternative procedures at the warehouse to gain reasonable assurance
that information received from the warehouseman is reliable.
 Provide recommendations to improve existing guidance to ensure effective and
efficient inventory counting procedures that will contribute to the accuracy and
reliability of inventory data.
 To maintain a optimum size of inventory for efficient and smooth production and
sales operations
 To maintain a minimum investment in inventories to maximize the profitability.
 To test the owner's procedures for investigating the warehouseman and
evaluating the warehouseman's performance.
 To ensure accurate and reliable operating data and accounting reports.
 To ensure compliance with company policies and federal law.
 Deliver customization capabilities to greatly enhance productivity.
 Interviewed relevant staff
 Conducted a separate inventory count of SR. Food supplies.