The Inventory Count Inventory Audit Report is a detailed document that outlines the current stock levels within a business or organization. It is used to compare how much inventory is present versus what was expected based on sales and order records and ensure accuracy. This report goes beyond just listing item numbers and quantities – it also contains information about the quality, cost, and location of each item in comparison to past reports. By undergoing regular inventory audits, businesses can maintain accurate records for more efficient operations and better overall financial health.