For uniformity purposes, there is already a given set of procedures and an audit program template. Arrange the audit procedures on its logical sequence and prepare an audit program guide using the given template. First Phase: Counting of Physical Stocks 1. Inventory team members compare their individual counts and  If all the individual counts reconcile, inventory team members list down the number of quantities counted.  If there is/are discrepancy in any of the inventory team members' .

What is the balance sheet and what does it represent?
How do you calculate return on investment (ROI)?