Document background
The Audit Program For Inventories is a critical document used by audit firms and internal audit departments when conducting inventory audits in the Netherlands. It is designed to ensure thorough examination of inventory accounts while maintaining compliance with Dutch legislation, including the Dutch Civil Code and Audit Firms Supervision Act, as well as international standards. The program becomes particularly relevant for organizations with significant inventory holdings or complex inventory management systems. It provides structured guidance for planning, executing, and documenting inventory audit procedures, incorporating both traditional physical count methods and modern technological approaches. The document is regularly updated to reflect changes in Dutch audit regulations, accounting standards, and industry best practices, making it an essential tool for ensuring audit quality and regulatory compliance.
