Stock Audit

What is Stock Audit?

• The term stock audit generally refers to the physical verification of inventory and ensuring that the same is in line with the stock as per the books of accounts maintained by the company

• Stock audit is mainly conducted to correct the discrepancies between book stock and physical stock

Why is it important for you?

• It is a statutory process to be followed by every business, at least annually

• Helps in identifying discrepancies between book stock and physical stock

• Helps in identifying slow moving, non-moving, obsolete and scrap inventory

• Helps in identifying potential areas for pilferage or fraud

• Provides an opportunity to identify improvement areas in the inventory management process

• Helps in identifying warehouse and space management issues

• Acts as a key step in valuation of available stock

• Helps in identifying optimum stock levels and inventory analysis

Our key services 

• Physical verification of inventory

• Recognition and valuation of inventory and WIP

• Assistance in identifying scrap inventory and write off 

• Inventory and warehouse management process review 

• Fixed Assets verification

Through the above services, we help you to better manage your working capital by reducing unwanted investment in stock and also ensure optimal usage of inventory.