Single format · FV03-C8

Inventory count instructions and the auditor's count sheet

If inventory is material you attend the count, that is a requirement, not a preference, and the three things that decide the file are the two-directional test counts recorded on your own sheet, the absorption of fixed overheads at normal capacity rather than actual, and the line-by-line reconciliation of the quarterly stock statements given to the bank with the books, which is CARO clause (ii)(b).

Length
3 pages
Blanks to fill
73
Files
Word and PDF
Law stated to
13 September 2026

What it covers

  1. 1Inventory count instructions and the auditor's count sheetSA 501 · CARO (ii)73 blanks

Read the opening

The first part of the format, as it downloads. Blanks are highlighted.

Our ref: [ref]
Date: [DD Month YYYY]

To,
The Chief Financial Officer
[Company name]

Physical verification of inventories as at 31 March [Inventory date: year (YYYY) of 31 March] — instructions and our attendance

Dear Sir,

18 more paragraphs and tables follow in the full format.

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