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Property inventory

A property inventory, on the one hand, is, in a number of cases, a compulsory procedure related to preparation of the annual financial statement, and on the other hand, it is an effective tool for the company’s internal control system, allowing timely detection and prevention of such adverse processes, as theft and the damage of property by the company’s employees.

ICLC experts will carry out an inventory in three stages:

1. Preparatory: we will determine the composition of the Inventory Commission, the terms of starting and completion of works, plus receive detailed information about the property.

2. Main: we will carry out physical (tangible) inspection — we will determine the amount of property by means of calculation and will enter the data into inventory sheets.

3. Final: documenting of results — we will compare actual data and accounting data, and will prepare inventory sheets, statements and acts.

The result: reliable and comprehensive data on the condition of financial and warehouse accounting, on the conditions and compliance with movable property storage rules, the availability and condition of real estate objects.

Anna V. Gulyaeva
Director of the audit department
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