Inventory auditors are responsible for ensuring that the inventory of a business or organization is accurate and complete. They commonly work with physical goods, but they may also be tasked with auditing digital assets such as software programs or databases.

Inventory auditors typically perform audits on a regular schedule to ensure that the company’s inventory remains in good standing. This might include checking that all items are accounted for, that they are properly tagged or labeled, and that nothing has been damaged or lost during storage or transport. Inventory Auditor Job Duties

Inventory auditors have a wide range of responsibilities, which can include:

Reviewing purchase orders, shipping documents, and other records to ensure that all items have been accounted for

Inspecting warehouses to ensure that inventory levels are in line with company standards

Auditing incoming and outgoing shipments to determine whether the items being shipped match those listed on the shipping documents

Conducting physical inventories of inventory items to ensure that they are accurately valued for financial purposes

Inspecting physical inventory to determine whether the items are damaged or spoiled

Performing cycle audits to ensure that the company is accurately recording inventory costs in accordance with generally accepted accounting principles (GAAP)

Consulting with management to ensure that they are aware of any problems encountered during the audit

Compiling reports of findings and suggesting solutions to any problems encountered during the audit.

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