Kaplan University Grocery Store Risks and Internal Control Structure Paper

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Provide an original and substantive response to the questions posed in your Assignment in a minimum of 200 words. See Assignment rubrics here.

You learned in your Reading about the risks and internal control structure for inventory. Grocery stores present unique challenges with inventory. In addition to a high volume of transactions, there are also temperature and shelf-life considerations for certain items.

Discuss how you would approach an inventory audit of a grocery store and address the issues of:

  • storage,
  • product expiration,
  • how you would “count” the inventory for items such as bulk peanuts, watermelons, etc.

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