A Grocery Store Audit

Provide an original and substantive response to the questions posed in your Journal in a minimum of 200 words.

You learned in your Reading about the risks and internal control structure for inventory. Grocery stores present unique challenges with inventory. In addition to a high volume of transactions, there are also temperature and shelf-life considerations for certain items.

• Discuss how you would approach an inventory audit of a grocery store and address the issues of
  • storage,
  • product expiration,
  • how you would "count" the inventory for items such as bulk peanuts, watermelons, etc.