Research On Inventory Audit Of A Automation Equipment Manufacturing Enterprise

Inventory item is one of the most important parts of financial statement.Inventory appears in multiple business cycles of an enterprise,which is associated with multiple accounts.The accuracy of the amount of inventory accounts affects the accuracy of the data of multiple financial statements.Therefore,inventory audit has always been the focus of the audit work.With the development of information technology and the rise of emerging industries inventory audit is constantly give n new content and new challenges.In recent years,inventory misstatement also occurs frequently,which is one of the main parts of financial misstatement.With the continuous change and innovation of the means and methods of inventory misstatement,inventory audit research also needs to be followed up and improved.This paper combines literature research and case study to explore how to perfect the inventory audit process of the automated manufacturing industry.Taking inventory audit as the entry point,firstly,the paper introduces the research significance,literature review,study methods and framework of this paper.Secondly,relevant theories of inventory audit are summarized,including the standard requirements and risks of inventory audit,and the characteristics of inventory in the automation industry.Then,based on G firm's the inventory audit process of A automation equipment manufacturing enterprises as the research object,from the risk assessment process,control test,inventory supervisor,inventory confirmation and alternative test,inventory valuation test five aspects of A automation company stock audit,it analysis inventory problems arising from the audit process,and explores the reasons.Finally,in view of the problems and failure rea sons found,suggestions are put forward,such as taking analytical review as the core of risk assessment,improving inventory monitoring and verification procedures,and improving the professional ability of auditors.The purpose of this paper is to propose improvement Suggestions for inventory audit of automated manufacturing enterprises with complex models,high percentage of delivered goods,and high demand for industry knowledge,so as to improve the quality and effect of inventory audit of such enterprises.