This document outlines three sample work programs that provide general steps organizations can use during an inventory audit.
Sample steps in these work programs include reviewing the most recent prior audit report and relevant press releases, obtaining the completed inventory internal controls questionnaire from the plant controller, documenting any potential control weaknesses or unusual practices and investigate upon arrival, obtaining and documenting explanations from the controller for all open work orders older than two months, and ensuring that a cross-training program exists for all warehouse personnel.