What type of audit ensures the physical storage quantity matches the records?

The type of audit that ensures the physical storage quantity matches the records is termed a location audit. This audit focuses specifically on confirming that the items recorded in the inventory match what is physically present in a designated storage area. It aims to identify discrepancies between the physical counts and the recorded data, ensuring accuracy in inventory management.

While causative audits often assess the reasons behind discrepancies and stock audits review overall inventory levels for discrepancies, a location audit is directly tied to validating the accuracy of specific stock locations against the inventory records. Verification audits, similarly, focus on confirming that record-keeping methods and processes adhere to standard practices, but they do not specifically target the physical quantity of items at particular locations.