Professional Documents
Culture Documents
6
6
Client Representative:
1. Azhar Chaudhry -Sr.Manager Finance
2. Naveed Ahmad- Senior Deputy Manager Store
3. Muhammad Sher- Store Officer
4. Muhammad Mushtaq: Store Officer
5. Muhammad Saeed: Store Keeper
6. Sultan Muhammad-Accounts Officer
Methodology
Obtained the list of all store and spares items.
Marked all items of stores and spares having value equal or greater than
Rs.200, 000.
Physically verified /observed the marked items of stores and spares.
Cross-matched the quantities on stock sheet with bin card. In case of
difference prepared reconciliation (items issued or received).
Selected some items from stock count sheet randomly irrespective of value
to ascertain assurance that all items are appearing in stock count sheet are
physically in existence.
Summary of Physical Stock Count-Stores and Spares
Conclusion:
The company has maintained a very sound record of stores and spares and no difference
has been identified during the stock recorded and actual quantities, Proper bin cards are
maintained and inventory is preserved in very good condition.