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Aspects concerning the internal audit of inventories

Author

Listed:
  • Cristina IOVU

    (The Bucharest University of Economic Studies)

Abstract

Starting from the aspects mentioned in the introductory paragraph, in the first section of this article some general aspects related to the internal audit procedures which should be used for the mission of stocks auditing, accompanied also by an exemplification of the audit objects specific to each procedure are presented. In the second section, an analysis of the potential solutions for optimising the costs incurred with the consumptions of inventories from the point of view of the accounting/fiscal regulations, as well as their impact upon the accounting/fiscal results are presented.

Suggested Citation

  • Cristina IOVU, 2017. "Aspects concerning the internal audit of inventories," The Audit Financiar journal, Chamber of Financial Auditors of Romania, vol. 15(146), pages 276-276.
    • Handle: RePEc:aud:audfin:v:15:y:2017:i:146:p:276
    as

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    File URL: http://revista.cafr.ro/temp/Article_9539.pdf
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    References listed on IDEAS

    as
    1. Victoria STANCIU, 2016. "Trends and priorities in internal audit," The Audit Financiar journal, Chamber of Financial Auditors of Romania, vol. 14(141), pages 1003-1003.
    2. Alina-Teodora CIUHUREANU, 2016. "Internal control and auditing – a necessity for responsible reporting and managerial usefulness of accounting information," The Audit Financiar journal, Chamber of Financial Auditors of Romania, vol. 14(144), pages 1349-1349.
    3. Eugeniu TURLEA & Mihaela MOCANU, 2016. "The profile of the internal auditor in the Romanian banking sector," The Audit Financiar journal, Chamber of Financial Auditors of Romania, vol. 12(143), pages 1235-1235.
    4. Clara-Iulia Zinca (Voiculescu), 2016. "Measuring the value of internal audit in the banking industry," The Audit Financiar journal, Chamber of Financial Auditors of Romania, vol. 14(141), pages 1009-1009.
    5. Ionela-Corina CHERSAN, 2016. "Internal audit practices and trends in Romania and worldwide," The Audit Financiar journal, Chamber of Financial Auditors of Romania, vol. 14(141), pages 987-987.
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. Maria-Andreia Iliescu (Ristea) & Nensi Xhani & Marioara Avram & Cristian Drăgan, 2020. "The Importance And Role Of Internal Audit Missions Of Stocks," Annals of University of Craiova - Economic Sciences Series, University of Craiova, Faculty of Economics and Business Administration, vol. 2(48), pages 127-132, December.

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    More about this item

    Keywords

    Inventory losses; fraud risk; audit procedures; non-deductible expenses etc.;
    All these keywords.

    JEL classification:

    • M42 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Auditing

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