Auditing an inventory count

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Hello

 

When I'm auditing an inventory count, and specifically when I'm doing a test count, what am I comparing my test count to - is it the amount recorded by the company's counters or is it the amount currently recorded on the companies stock listing

Any help would be appreciated, I am a new audit trainee

Replies (8)
Hi James. We need to compare test count number to the number counted by management that is management count.
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hitesh ji right
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Thanks Hitesh. So the amount recorded on the system does not come into it? I just need to make sure myself and management are counting the same figures?
Yes correct James. But make sure that management has passed adjustment entries for the difference between system stock and management count.
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