Published December 21, 2025
About This Audit
An examination of the Fine Wine and Good Spirits Store 5161 in Philadelphia was conducted for the period from September 23, 2024, to October 21, 2025. The audit aimed to verify compliance with operational procedures, including inventory management, financial record-keeping, and internal controls related to sales. The audit found the store generally compliant but identified issues, including inventory discrepancies exceeding 1% of examined value and improper documentation in tax-exempt sales, both noted as repeat findings. These issues suggest potential weaknesses in inventory control and tax-exempt sales procedures, affecting revenue accuracy and compliance. Recommendations include further investigation into inventory discrepancies and enhancing adherence to documentation procedures for tax-exempt sales. The management acknowledged findings and indicated plans for corrective action. These measures will be reviewed in subsequent examinations to ensure improved control and compliance. This is an automated summary. Please rely on the contents included in the released audit report.