OMID Holdings Inc (OMID)

[OhManIDied]

One of the most challenging elements of a two year audit for a manufacturer is the inventory roll back. Every purchase of each and every component/material has to be accounted for along with what it was used to build and who it was sold to. The date and price must be matched up to align with the physical inventory count that the auditors performed on a specific date within the two year period. Once competed, it is essentially there is a broad selection of elements that is picked by the auditors for review and confirmation as a nearly final step of the overall process.