Which statement$($s$)$ below is$($are$)$ correct regarding the purpose of taking a physical inventory count? $($Check all that apply.$)$

The physical count is used to determine if management needs to reassign sales responsibilities.

The physical count is used to adjust the Inventory account balance to the actual inventory available.

The physical count of inventory is optional under U$.$S$.$ GAAP and required under IFRS.

The physical count is used to determine if customers are paying within the discount period.

The physical count is used to determine if there has been any theft, loss, damage or errors in inventory.