inventory audit
nounUK /ˈɪnvəntri ˈɔːdɪt/
US /ˈɪnvəntɔːri ˈɔːdɪt/
A check to count and make sure all the things a store has are really there.
The store closed early for an inventory audit to count every item on the shelves.
RELATED WORDS
OTHER MEANINGS
2. A formal review of the records that list a company's goods and materials.
The accountant performed an inventory audit to confirm the reported stock value.
3. A careful inspection of equipment or supplies kept by an organization.
The school ran an inventory audit of its computers and library books.
4. A process of comparing what is recorded on paper with what is actually present.
During the inventory audit, they found three boxes missing from the count.