Internal Control over Financial Reporting - Core

Inventory Cycle

The Inventory Cycle Playbook addresses the following areas:

  • Policy and Procedures
  • Segregation of Duties (and access rules that support SOD)
  • Inventory Movement and Control
  • Physical Inventory Verification
  • Inventory Write-Offs and Reserves
  • Inventory Costing
  • Physical Safeguards
  • Master File Maintenance
  • Financial Reporting, and
  • Additional Considerations (IPE and Management Review Controls)

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