The case of the half‐a‐million pounds stock deficit: Part Two: Documentation control and “cut off”

In the second part of their article (part one was published in the last issue of RDM, May/June 1983) the authors continue to outline further ways in which errors occur — paying invoices twice, and duplicating goods received notes. However, they discovered that the largest area of errors could be attributed to “cut offs” — a procedure concerned with the arrangement made at the company's financial year end to ensure that there is agreement between physical stocks and the figures shown in the accounts.