Accurate inventory verification, compliance assurance, and stock valuation services. Our certified auditors provide comprehensive stock audit solutions for businesses of all sizes.
Stock audit is the process of physical verification and valuation of inventory to ensure accuracy,completeness, and reliability in financial reporting. It involves comparing physical stock with book records and assessing inventory management controls.
Regular stock audits are essential for accurate financial reporting and effective inventory management
Comprehensive physical verification and reconciliation of stock
Ensure compliance with accounting standards,GST laws,and income tax regulations
Accurate valuation of inventory using standard methods FIFO, LIFO, and WAC
Identify process inefficiencies and recommend improvements in inventory control and management
Enhance inventory accuracy and business efficiency with expert audit services
Ensure inventory accuracy in financial statements
Detect and prevent inventory theft or misappropriation
Meet GST and income tax requirements for inventory reporting
Identify areas for inventory cost optimization
Accurate inventory data for informed business decisions
Proper valuation for insurance claims and coverage
Regular stock audits can improve inventory accuracy by 95% and reduce stock discrepancies by 80%. Professional audits help businesses maintain accurate financial records and prevent inventory losses.
Note: Stock audits should be conducted at least annually, or more frequently for high-value inventory. Surprise audits are recommended for better control.
Comprehensive stock verification solutions
Benefits of professional inventory verification services
Verify inventory valuation and quantities
Detect pilferage, theft, or misappropriation
Mandatory for inventory-based working capital and bank loan facilities.
Support for fire, theft, or damage claims
Identify slow-moving or obsolete stock
Ensure proper GST and income tax reporting