The objectives of internal control for an inventory management process are to provide assurance that transactions are properly authorized and recorded and that independent internal verification of activity reports is established

Ibrahimhamm

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2022-06-23

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The objectives of internal control for an inventory management process are to provide assurance that transactions are properly authorized and recorded and that independent internal verification of activity reports is established.

Transfers to the finished goods department are documented by a completed production report and a quality control report.
Production orders are prenumbered and signed by a supervisor.
Custody of work in process and finished goods is properly maintained.

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Ibrahimhamm

2022-06-23

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C. Custody of work in process and finished goods is properly maintained.

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The objectives of internal control for an inventory management process are to provide assurance that transactions are properly authorized and recorded and that independent internal verification of activity reports is established

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