Auditing of the inventory in manufacturing companies: Examination through the accounting and tax audit

Companies main target is to maximize their profitability. Especiallystocks, one of the most important asset items of manufacturing companies,have a great importance in the balance sheet. Therefore, stocks of themanufacturing companies, in addition to being a investment tool, they canalso effect the companies? profitability remarkably.Besides shareholders, people who have a direct bond with thecompany, third parties like credit, finance and investment institutions withpublic sector are interested in a companies? working results and financialstructure and they want reliable information about the company. Basic sourceof a company and its working results is its financial tables based onaccounting results.In the manufacturing companies independent tax auditing, carried by apublic auditor-tax controller- is very important for both to ensure reliability offinancial tables used by company holders and third parties and to ensurereliability of tax income to be taken which is the most important revenue ofthe state. Stock auditing has too many parts and therefore it is very difficultand important as mentioned before.In this context the thesis aims to determine the areas which containshigh auditing risks in manufacturing companies when auditing stock assetsand to establish suitable auditing methods.This thesis contains three parts. In the first part general conceptsrelated to stock and audit are defined.In the second part after explainations about stock auditing and internalcontrol system, valuation and cost elements of stock assets are mentioned.In the final part of the thesis tax auditing is explained and stock assetsauditing in tax auditing are explined.In the final part of the thesis tax auditing is explained and stock assetsauditingin tax auditing in tax auditing are explined.