Inventory management process and internal audit procedure of Square Toiletries Ltd.

Abstract

Fast moving Consumer good business now-a-days has become one of the core business in Bangladesh. Square Toiletries limited- sister concern of Square Group is one of them. Within a tiny period it has shown it‟s potentiality. I am writing this report on this fast growing company. Last 3 months I had an opportunity to work in this organization for my internship purpose. It was a great journey with lots of new knowledge. During my internship, I got chance to know about the audit procedure of this company as I worked on audit department. This report will reveal the company backgrounds the scopes and limitation of this study. In this study I tried to explain my job experience in this beautiful working environment, my responsibilities and the guidance i have got from the supervisor and line managers. Moreover, in this report I tried to explain what methods the audit department follows, the main Control processes of Inventory requisition and issuing process, ordering procedure and the guidelines STL follows. The analysis has shown that STL maintains its procurement and Inventory Management process wonderfully which is a indicator of future success. Furthermore, this study contains company‟s future plans and possible solution regarding the finding i came up with.