Inventory Counts and Inspections
Inventory Counts and Inspections form part of AMCS's Fraud Prevention and Detection Services to prevent and detect Loss of Inventory due to Fraud. Timely and Regular Inventory Counts prevents and detects the misuse and Misappropriation of Inventory, as well as identify damaged, impaired Assets and obsolete assets which can be used to update:
> The Financial Statements in accordance with International Financial Reporting Standards (IFRS) and
> The list of Assets being insured (Insurance Schedule).
If instances of Misuse or Missappropriation of Assets are identified during the review, AMCS can resolve anomalies or instances of suspected fraud by performing Fraud Investigation (Fraud Examination) Services.
Asset Inspections also include: Inspection of Assets, Inventory Counts and Inspection, Cash Counts and Point Of Sale Reconciliations, Investment Securities Counts and Inspections, Trade Payables or Supplier Reconciliations, Trade Receivables Reconciliation, General Ledger Account Reconciliation, Jamaica Tax Return Reviews
These inspections can be performed daily, weekly or monthly based on the nature of the entity’s activities and its requirements.
Contact AMCS Jamaica Limited for Inventory Counts and Inspection, Fraud Prevention and Detection, Fraud Investigation or Fraud Examination.