Physical inventory remains one of the most tangible parts of a financial audit. When stock is material to the balance sheet, we attend the count rather than relying only on schedule totals.
Before the count day, we ask for the cut-off instructions issued to floor supervisors, a map of storage locations, and the list of slow-moving or consignment items. Those documents tell us where misstatement risk concentrates.
On site, we observe how tags or scanners are controlled, whether dual counting is used for high-value lots, and how damaged goods are segregated. We also perform independent test counts on a sample and later reconcile them to the final inventory listing.
After the count, we check goods received and shipped around the count date so revenue and inventory cut-off stay aligned. Clients who prepare a clear count plan usually finish fieldwork faster and with fewer open queries.
If your warehouse spans multiple buildings or bonded zones, tell us early. Split locations change sample sizes and the number of staff we need on the floor.