Any company would come to a point where they would experience discrepancies with regards to their actual inventory and current asset standing. Disruptions along the normal course of operation will always be something normal since the areas of lack of necessary papers to follow the set policies and procedures are not followed religiously all the time.
While such instances cannot be avoided, the point where a team of auditors to assist and help to account for inventories and the sales monitoring of a company is a resort to help cover the bleeding funds and resources of a company.
There is no telling the actual reasons for such but the main purpose of having inventoried and receivables audited is that of trying to write off the issue of internal conflicts such as theft within the internal operations of the organization from erring employees and personnel. Such has been an issue that is usually evident in companies, something that is hard to avoid if an organization is not careful.
Originally posted on July 23, 2010 @ 11:24 pm