Inventory Requirements***

Question 1

Who is responsible for inventories?

Answer 1

PIC

Question 2

How long must you keep inventories?

Answer 2

2 years

Question 3

What should inventories include?

Answer 3

All on hand controlled substances including expired

Question 4

Who needs to sign the inventory?

Answer 4

Person taking inventory and PIC should sign and date
Signature of PIC and date of the inventory shall be motorized within 72 hours or 3 working days for all inventories except initial and change in PIC

Question 5

Counts Required

Answer 5

Exact count for C2

Estimated count for C3, C4, C5 if the container has fewer than 1000 tablets

Question 6

What inventories are required?

Answer 6

Initial inventory
Annual inventory per TSBP
Change in Ownership for Class A, A-S, C, C-S or F Pharmacy (on the date of change as the closing inventory for the seller and initial inventory for buyer, and C2a have to be transferred using a DEA 222)
Change in PIC for Class A, A-S, C, C-S or F Pharmacy (not notarized)

Question 7

Who must maintain perpetual inventories?**

Answer 7

Class C and C-S for C2
Class C Ambulatory Car Facility and Class F for all controls
All pharmacies for controls stored at a remote location

Question 8

Before Closing a Pharmacy

Answer 8

14 days prior PIC must:

• Notify DEA
• Post a closing note informing patients of where to acquire records

Question 9

Closing day, the PIC must:

Answer 9

• Take a closing inventory

- Transfer prescription drug order files and patient medication records

Question 10

After closing, the PIC must

Answer 10

Within 10 days:
- PIC must provide to the Board written notice of the actual date of closing, the pharmacy license, a statement that an inventory was conducted, the manner the drugs were transferred or disposed, name and address of the pharmacy to which records were transferred