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Their retail outlet, Cebu Home and Builders Center showroom situated at a
10,000 square meter facility is patterned after the Home Depot stores of United
States of America. It houses thousands of products: from the first nail to
lumber products electrical and decorative lighting to kitchen, bathroom
products, floor and wall tiles to do-it-yourself (DIY) products, home
improvement
and
furniture
pieces
all
house
under
one
roof.
In summary, the Duraplex Hardware Manufacturing, Inc. aims to bring World
Class product at affordable prices so that the Filipino consumer can achieve
housing at par with world standard.
The audit was conducted from December 2, 2015 through February 26, 2016,
covering the transactions for the year ended December 31, 2015, including
tests and reviews of internal controls and compliance with the companys
policies and procedures for manufacturing, storing and selling hardware
products. We also reviewed the overall efficiency and effectiveness of the
companys overall manufacturing operations.
Inventories received near the end of the period should be vouched and reviewed
for proper recording.
On treating obsolete inventories:
Reverse the entry of recording obsolete inventories. Record salvage value, if any.
On payment processing:
ii
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