Assurance Flashcards
1
Q
What is the definition of stock taking
A
The physical counting weighing or measuring of stock for comparison against material account
2
Q
Which of the following are the correct categories of stock taking
planned unplanned
formal informal
annual
programmed non-programmed
A
Programmed non programmed
3
Q
Stock taking category codes to find the minimum frequency of count for an NSN
what is the count frequency for the following stocktake category codes
1
6
A
1- annual
6- equal % per year for the duration of the cycle
4
Q
What percentage of each stocktake count list is subject to re performance check
A
10%
5
Q
What does CRB stand for
A
Central records brand
