SOX · Inventory & Cost Accounting
INV-006 — Cycle count results reconciled and variances approved
Monthly cycle counts are reconciled to perpetual records; variances above tolerance are investigated and approved before adjustment.
Control attributes
- Type
- Business process
- Nature
- Manual
- Frequency
- Monthly
- Key control
- Yes
- Assertions
- Existence, Accuracy
- System
- NetSuite
- Owner
- Plant Controller
- SOX scope
- Review required
- Last tested
- FY25 Q4
- Testing status
- Not started
- Samples tested
- 0
- Exceptions
- 0
AI scoping reasoning
Morgan · Audit Manager Agent
Review required — Cerritos location newly above coverage threshold
Linked risk
R-06Moderate
Inventory valuation and excess/obsolete reserves
Reserve model stable; Halcyon inventory newly consolidated raises scope.
Evidence
1 requests
EV-2052Requested
Cerritos cycle count reconciliations, Q3
Requested in advance of scope approval AP-308 to protect the timeline.
Exceptions
0 identified
No exceptions identified.
Review notes
0 on this control
No open review notes.