Semnificația inventarierii pentru contabilitate și audit

Abstract

Stocks are considered objects that imply considerable capital investments, that is why they represent one of the factors determining the decisional process in the company. In current assets, stocks play a decisive role in achieving the business and manufacturing business. To give a true picture of the financial position of companies, there must be a perfect harmony between the recorded and physical values. This symmetry can be achieved and verified by physical counting carried out by companies, this process is called stocktaking. This article contains the reasoning to investigate the comparative aspects of the inventory process between accounting and auditing and to identify the significance of this process for both fields. Auditor should identify and assess inherent risks of material misstatement in the acquisition and payment cycle as well as fraud risks of material misstatement in the acquisition and payment cycle. An inventory reconciliation is also needed to ensure that the actual and recorded inventory amounts are the same at the end of year, so that there will be no issues when the inventory is audited. DOI: https://doi.org/10.53486/sstc.v4.05. CZU: 657.371:657.6. JEL: M41, M42.