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The video explains how to use a workplace inspection checklist for conducting individual or group audits as part of an assignment. It highlights the necessary information to fill out, including the date, location of inspection, and names of those involved, typically requiring at least four names. The top right section features the company name and logo. As the inspection progresses, there are specific considerations to keep in mind. The video emphasizes the importance of understanding certain elements within the checklist, especially those located towards the bottom, which are crucial for the safety audit process.