The three samples included in this document will help you develop a plan to evaluate the processes needed to procure, store and manage inventories and to evaluate the effectiveness and efficiency of current inventory management processes.

Sample steps in these work programs include reviewing the most recent prior audit report and relevant press releases, obtaining the completed inventory internal controls questionnaire from the plant controller, documenting any potential control weaknesses or unusual practices and investigate upon arrival, obtaining and documenting explanations from the controller for all open work orders older than two months, and ensuring that a cross-training program exists for all warehouse personnel.