CONCEPTUAL FRAMEWORK FOR INVENTORY AUDIT AND CONTROL

This article outlines the theoretical foundations of inventory auditing, including its objectives, principles, and
organizational-evaluation mechanisms. The study analyzes the methodology of the audit process related to verifying the
existence, safeguarding, and valuation of inventory assets. The article also reveals the interrelation between modern
inventory management practices and auditing standards, and provides recommendations for improving the effectiveness
of inventory audit procedures.