Inventory Risk Management: A New Approach to Internal Audit

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Published: 2024-10-31
DOI: https://doi.org/10.55813/gaea/jessr/v4/n4/139

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Gonzalez-Mejía, Silvana Lissette
Universidad Estatal de Milagro
https://orcid.org/0009-0002-7382-0504
Almeida-Núñez, José Francisco
Universidad Estatal de Milagro
https://orcid.org/0009-0005-3282-1537
Viejó-Altamirano, Joselin Michell
Universidad Estatal de Milagro
https://orcid.org/0009-0002-5937-6195
Domínguez-Cajamarca, Katherine Dayanna
Universidad Estatal de Milagro
https://orcid.org/0009-0000-0645-0799

Abstract

This article addresses inventory risk management as a key component to improve operational efficiency in companies, especially through the implementation of internal audits and advanced technologies. The study aims to examine how technological tools and forensic audits can mitigate risks such as fraud, obsolescence and spoilage in inventories. The methodology employed includes a literature review of 621 papers obtained from Scopus between 2019 and 2024, supplemented with Google Scholar sources and correlation analysis with VOSviewer. The results show that technologies such as warehouse management systems (WMS), drones and artificial intelligence optimize accuracy and efficiency in inventory control. The discussion highlights that, although the adoption of these technologies involves a high initial cost, their return is significant, improving both the quality of financial reporting and management decision making. The main conclusion is that comprehensive risk management, supported by proactive internal audits and advanced technologies, is essential to ensure the operational and financial sustainability of companies.

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Article Details

Issue

Vol. 4 No. 4 (2024): Emerging Convergences in Science and Society

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Articles
Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.

Author Biographies

Gonzalez-Mejía, Silvana Lissette, Universidad Estatal de Milagro

Master in Accounting and Auditing, teacher of Accounting at the State University of Milagro since 2018. With previous experience in the company Supralive (2011-2014) and in the Yaguachi Education District (2014-2015), he specializes in auditing, accounting and tax management.

Almeida-Núñez, José Francisco, Universidad Estatal de Milagro

Degree in Accounting and Auditing, with experience in the financial area. He is currently working as Financial Assistant at Corporación Educativa Liceo San Francisco de Asís - CESFA S.A., applying his knowledge in accounting and financial management.

Viejó-Altamirano, Joselin Michell, Universidad Estatal de Milagro

Dynamic and multifunctional professional with experience in administration, logistics and finance in an agricultural inputs company for 8 years. Currently, I am finishing my studies in Accounting and Auditing. I am characterized by my ability to learn and adapt quickly to new responsibilities and technologies.

Domínguez-Cajamarca, Katherine Dayanna, Universidad Estatal de Milagro

I teach at the high school level, specializing in the area of entrepreneurship and management. My work focuses on developing the entrepreneurial skills of students, fostering innovation, leadership and the ability to manage projects, preparing them to face the challenges of today's business environment.

How to Cite

Gonzalez-Mejía, S. L., Almeida-Núñez, J. F., Viejó-Altamirano, J. M., & Domínguez-Cajamarca, K. D. (2024). Inventory Risk Management: A New Approach to Internal Audit. Journal of Economic and Social Science Research, 4(4), 153-167. https://doi.org/10.55813/gaea/jessr/v4/n4/139
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Europe PMC

References

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