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The importance of stocks audit for the quality Increasement of the operational fluxes

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  • Mihaela TULVINSCHI

    () (Stefan cel Mare University of Suceava)

Abstract

In a company specialized in trade, operating flows consist mainly in the marketing of goods and in producing operational flows are the flows of production. In both types of companies operational quality streams depends on good management of stocks. The overall objective of the stocks audit is to determine whether raw materials, products in the process of manufacture, stocks of finished goods and cost of sold goods are accurately presented in the financial statements. Research methodology chosen is based on general issues relating to inventory and audit stages reached with particular aspects of the audit procedures to be used with entities in the woodworking industry. The results show exposure requirements for higher quality operational streams: the reduction of the costs of storage and the need for restraint of a smaller value of money in stocks.

Suggested Citation

  • Mihaela TULVINSCHI, 2010. "The importance of stocks audit for the quality Increasement of the operational fluxes," EuroEconomica, Danubius University of Galati, issue 25, pages 63-70, October.
  • Handle: RePEc:dug:journl:y:2010:i:25:p:63-70
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    File URL: http://journals.univ-danubius.ro/index.php/euroeconomica/article/view/632/579
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    Keywords

    reality; honesty; completeness; procedures;

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