SPA Fiscal Year-End Close Quiz
Question 1

All agencies are required to conduct a physical inventory of assets once per fiscal year.
Which item is not true?

• The count and value of missing items is reported.
• The Certification of Physical Inventory Conducted by Agency #73-283 must be submitted by Sept. 20, Next Fiscal Year.
• All property assets must be counted.
• Values on the certification form may be amended for a reasonable time period.