Throughout previous editions of this newsletter, we explained in detail how inventory sampling is an efficient method to minimize effort and cost compared to full stocktaking.
However, to ensure the results are reliable and legally compliant, the use of certified software in accordance with IDS RS FAIT 1 is essential.
📋 In addition, a software certificate must be issued based on audit standard IDW PS 880, verifying the software’s quality and security.
📐 Mathematical & Statistical Formulas for Estimation
A key requirement for inventory sampling software is the use of
📊 mathematical-statistical formulas recognized by the Main Technical Committee (HFA) of the IDW (Institute of Public Auditors in Germany).
These formulas are essential to determine representative estimates that accurately reflect the actual stock quantities.
✅ Their use guarantees statistically sound and therefore reliable results.
🔐 Software Security
Besides accuracy, the security of the software is crucial:
🛡️ The system must prevent unauthorized access and data manipulation.
The software certification according to IDS RS FAIT 1 confirms compliance with all relevant IT security standards and that
📂 your data remains protected throughout the entire inventory process – from unauthorized access as well as external threats.
📑 Audit Standard IDW PS 880
The issuance of a software audit certificate according to IDW PS 880 is another key element.
🧩 This standard defines how inventory software must be tested and ensures that it meets all legal and regulatory requirements.
⚙️ The audit confirms the functionality, user-friendliness, and reliability of the software.
💻 Our Inventory Sampling Software “askJiM”
All inventory sampling procedures we manage are conducted using our proprietary software: askJiM.
🛠️ Developed in-house by DR. JASPERS CONSULTING, the software has existed since 1990 and has gone through numerous development stages.
🆕 We now use the current version 2024, which is continuously updated to reflect the latest technological standards – including AI capabilities.
🔍 A yearly software audit by an independent auditing firm confirms that all required standards are met.
This ensures the integrity of your inventory process and the accuracy of the results.