摘要：Auditing of inventory is a complex activity in audit engagements, especially for manufacturing, trade and service-rendering entities. In the literature, the inventory audit is addressed in two different approaches, from the perspective of the inventory-storage cycle and based on account balances. The unique character of this cycle is defined by the close relationship with other cycles of operations, such as the acquisitions-payments, payroll-personnel and sales-collection cycles. Also, the complexity of auditing of inventory is determined by factors such as significant amounts in the entity’s balance sheet, multi-site storage, inventory diversity by nature, and diversity of valuation methods. In this paper is investigated the definition of audit of inventory through the inventory-storage cycle, the functions of this operations cycle and its interaction with other cycles to define inventory audit objectives, both in terms of the business cycle and on the account balances.
