Inventory is a large part of the auditing process for companies with physical goods. Inventory is a substantial portion of total assets for many companies. In addition, there are many complex ...

Inventory systems can make or break your business, and effective controls help provide visibility as to what you have, what you need, what you don’t need and costs. But bad procedures can lead to ...

Excess inventory ties up cash your restaurant could be putting to better use. Proper inventory management procedures help you become more efficient and only order supplies as they are needed. This ...

Wake up in a cold sweat at the thought of inefficient inventory counting? Does the thought of lost source code scare you more than anything else that goes bump in the night? The art of logistics is ...

Any business that uses assets should hold a regular asset inventory audit in order to track important data like the number, condition, and location of all assets. The audit is a cost-effective method ...

On April 30, 2024, the Internal Revenue Service (IRS) released Rev. Proc. 2024-23, List of Automatic Changes, which provides the list of tax accounting method changes a taxpayer may file under the IRS ...

The EH&S chemical inventory group is pleased to announce that we will begin using new Radio Frequency Identification (RFID) barcode stickers to manage chemical inventory. The new barcode stickers will ...

Correction: A previous version of the story listed the audit meeting for 8 a.m. Wednesday. The meeting is taking place on Tuesday and the file will be updated with information from the discussion. A ...