Inventory Audit Format

Audit Date: December 15, 2050
Audit Period: January 1, 2050 - December 14, 2050

Company Information:
Company Name: [YOUR COMPANY NAME]
Company Address: [YOUR COMPANY ADDRESS]
Auditor Name: [YOUR NAME]
Auditor Email: [YOUR EMAIL]

Audit Overview:
This inventory audit aims to verify and reconcile the physical stock against the inventory records for the period stated above.

Physical Inventory Count

Item Description	SKU Number	Recorded Quantity	Physical Count	Variance
Deluxe Office Chair	12345	100	98	-2
Ergonomic Desk Mat	67890	50	50	0
Wireless Keyboard Set	11223	200	202	+2
Adjustable Standing Desk	44556	150	149	-1
Office Desk Organizer	78901	75	77	+2

Observations & Discrepancies:

• Deluxe Office Chair: A shortfall of 2 units found during the audit. Possible reasons include unaccounted damage or misplacement.

• Adjustable Standing Desk: Minor discrepancy of 1 unit; further investigation needed to determine cause.

Conclusion:
The audit results show a minor variance in inventory, which requires immediate attention to investigate discrepancies and correct inventory records.

Recommendations:

• Review stock handling and storage procedures to reduce discrepancies.

• Implement regular spot checks and cross-verify records during the year.

• Update inventory management system for better accuracy.

For any questions or further details, please contact [YOUR NAME] at [YOUR EMAIL].

Next Steps:

• Complete inventory reconciliation by December 20, 2050.

• Implement corrective actions for any discrepancies.

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