Over deze norm
1.1 This practice addresses inventory verification which includes either physically or electronically confirming the existence, location, and quantity of assets.
1.2 Inventory verification is a key element in the asset management process.
1.3 The appropriate level to track assets is best expressed in Practices and . Different types of assets may be managed or tracked at different levels of control, as noted in Practice . The location specificity required for an inventory verification should match the location specificity required by the entity’s asset management procedures or other controlling command media.
1.4 Inventory verification requires proper planning and execution. Depending on the type and scope, the inventory verification can involve significant dedication of resources. Entities should ensure that the value earned from an inventory verification is equal to or greater than the costs of the dedication of resources.
|Engelse titel||Standard Practice for Inventory Verification: Electronic and Physical Inventory of Assets|