INVENTORY VALUATION & AUDIT CHECKLIST

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--- PRE-AUDIT PREPARATION ---
[ ] Audit Start Date
[ ] Audit Scope/Location (Warehouse A, Warehouse B, Retail Storefront, Main Distribution Center)
[ ] Pre-Audit Readiness Checklist (Inventory system cut-off performed, All pending receiving reports processed, All pending shipping orders cleared, Counting teams assigned and trained, Physical tags/labels prepared)
[ ] Pre-Audit Inventory Master List
[ ] Assigned Audit Supervisor
[ ] Preparation Approval Signature

--- PHYSICAL COUNT EXECUTION ---
[ ] Date of Physical Count
[ ] Warehouse/Storage Zone
[ ] Count Method Used (Blind Count, System-Assisted Count, Tag-based Count)
[ ] Total Number of Items Scanned
[ ] Verification Steps Completed (Double-blind verification performed, All items tagged/labeled, Empty bins inspected, Damaged items isolated)
[ ] Observations and Anomalies
[ ] Upload Signed Count Sheets
[ ] Inventory Counter Signature

--- INVENTORY VALUATION VERIFICATION ---
[ ] Inventory Valuation Method (FIFO (First-In, First-Out), LIFO (Last-In, First-Out), Weighted Average Cost, Standard Cost)
[ ] Total Unit Cost Verified
[ ] Valuation Effective Date
[ ] Cost Ledger Export
[ ] Verification Checkpoints Completed (Unit price matched to purchase invoice, Currency conversion rates verified, Landed costs (shipping/duty) included, Quantity matched to warehouse management system)
[ ] Valuation Discrepancy Notes
[ ] Controller Approval

--- DISCREPANCY ANALYSIS & RECONCILIATION ---
[ ] Variance Quantity
[ ] Variance Value (USD)
[ ] Discrepancy Root Cause (Data Entry Error, Theft/Shrinkage, Unrecorded Damage, Unit of Measure Error, Unprocessed Returns)
[ ] Investigation Notes
[ ] Supporting Evidence
[ ] Reconciliation Completion Date
[ ] Accountant Approval

--- OBSOLETE & DAMAGED STOCK REVIEW ---
[ ] Date of Inspection
[ ] Description of Damage or Obsolescence
[ ] Estimated Write-off Value
[ ] Action Required (Write-off to Expense, Return to Vendor, Discount/Liquidation Sale, Recycle/Dispose)
[ ] Photographic Evidence of Damage
[ ] Warehouse Manager Approval

--- POST-AUDIT DOCUMENTATION & REPORTING ---
[ ] Audit Completion Date
[ ] Audit Summary Report
[ ] Discrepancy Notes & Resolution Details
[ ] Signed Physical Count Sheets
[ ] Final Audit Status (Completed - No Discrepancies, Completed - Discrepancies Found, Pending Investigation)
[ ] Inventory Controller Approval

--- END OF TEMPLATE ---
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