Stock audit
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Stock audit
Stock Audit Services
Stock Audit is a critical process that verifies the accuracy of inventory records and ensures the proper valuation of stock. It is often required by banks, financial institutions, and management to assess the health of a company’s inventory and working capital position.
Our Stock Audit services help identify discrepancies in physical stock, prevent pilferage or misuse, and improve inventory control systems. We conduct thorough inspections at warehouses, factories, and retail locations — ensuring that stock levels, movement, and documentation are accurate and compliant with internal policies and financial standards.
Why is Stock Audit Important?
Accurate stock records are crucial for making informed financial and operational decisions. Discrepancies in stock levels can lead to revenue loss, poor forecasting, misreporting, and even fraud. A regular stock audit helps:
Identify stock pilferage, theft, or mismanagement
Validate inventory valuations and financial reporting
Improve inventory control systems and reduce wastage
Ensure compliance with internal controls and lending conditions
Provide confidence to lenders and investors
Our Stock Audit Services
We provide comprehensive stock audit services tailored to meet the requirements of banks, NBFCs, corporates, and SMEs. Our audit methodology includes:
Physical verification of stock at warehouses, factories, and retail outlets
Reconciliation of physical inventory with book records
Evaluation of stock handling and storage practices
Review of internal controls and inventory management systems
Identification of obsolete, non-moving, or damaged inventory
Preparation of detailed audit reports with observations and suggestions
Who Needs a Stock Audit?
Businesses seeking working capital loans or credit facilities
Companies undergoing statutory or internal audits
Organizations with large inventories across multiple locations
Firms aiming to improve inventory efficiency or control leakages
Enterprises preparing for mergers, acquisitions, or restructuring