Internal audit in the inventory management system

The article examines the organization of internal control of inventory management, as well as the essence and classification of subjects of internal control of inventory management. The article also considers the formation of an audit program, the study of the internal audit process at the enterprise, as well as testing of internal audit in the inventory management system. Thus, for many enterprises, the task of improving the efficiency of inventory management is an urgent one. Inventory management is an operational process of the organization and is subject to analysis by internal audit both in terms of assessing the risks to the efficiency and effectiveness of this process (in accordance with Standard 2120 - Risk Management (2120.A1), internal audit should assess operational risks to efficiency and effectiveness) and the functioning of the internal control system of the process (in accordance with Standard 2130 - Control (2130.A1), internal audit should assess the adequacy and effectiveness of control over operations).