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Each inventory shall contain a complete and accurate record of all controlled substances on hand on the date the inventory is taken, and shall be maintained in written, typewritten, or printed form at the registered location. An inventory taken by use of an oral recording device must be promptly transcribed.
Inventory activities for these controlled substances must be performed at least once every two years from the performance of the last inventory activities. Inventory activities means inventory and all other functions sufficient to identify loss of controlled substances.
DEA Form 41 is used to request permission from the DEA to destroy controlled substances. The only time University researchers use Form 41 is after controlled substances have been lost due to accidentally spilling or breaking a container.
The DEA requires a physical inventory of all controlled substances to be conducted every two years for each registered location. The inventory may be taken on any date within two years of the previous inventory date.
Federal law requires pharmacies to complete a controlled substance inventory biennially, or every 2 years, from the date of the first inventory.
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After the initial inventory is taken, the registrant shall take a new inventory of all stocks of controlled substances on hand at least every two years. The biennial inventory may be taken on any date which is within two years of the previous biennial inventory date.
Requirements that apply to all controlled substance records required to be kept: Must be complete and accurate. Must be stored at the registered location. Must be kept for two years.
Use Form 6C to inventory these drugs. Note: A Biennial inventory must be conducted once within every two years of the date of the Initial Inventory. An annual inventory is recommended. A separate inventory sheet for Schedule I II and Schedule III - V Controlled Substances must be maintained.

pharmacy inventory form