Evidence Activity Is Evidence Present in File The Auditor-General, while undertaking the audit for the previous financial year, raised concerns with regard to procedures and systems utilised in the stores/warehouse of the municipality. In response to this, the CFO has requested you to undertake an audit in order to assess the procedures, processes and systems which are currently utilised in the stores. You are required to provide the status quo, explaining the processes and systems in place as well as highlighting areas which require improvement. (20 Marks) The following areas should be covered: Coding system utilised for stock and assets; Inventory system: how are minimum stock levels determined? What process is in place to flag stock that requires to be replenished? How is the warehouse laid out with regard to location of specific stock items, the frequency of issues etc? What safety/security procedures are in place to prevent injury to staff, damage of goods and prevention of fraud, corruption and theft of stock