Stock Audit & Assets Verification

Stock Audit & Assets Verification

Stock audit plays a crucial role in the financial management of businesses, serving as a statutory process required to be performed at least once in a financial year. While it typically involves the physical verification of inventory, the extent of involvement in valuation may vary depending on the terms of reference or engagement letter. The primary objective of stock audit is to reconcile the physical stock count with the computed stock maintained by the company, thereby rectifying any discrepancies through necessary adjustment entries. This process ensures accurate recording of opening stock details, identifies discrepancies between book and physical stocks, and ensures proper preservation and handling of inventory.

Our reliable stock audit services aim to assist companies and organizations in safeguarding and monitoring their physical assets and inventories effectively. With highly experienced and well-trained stock audit specialists, we not only deliver quality results but also provide valuable insights for cost control measures. Additionally, our services extend to conducting stock audits and physical asset verifications on behalf of banks and financial institutions. The objective here is to ensure the safety and accurate valuation of securities against which funds are lent, providing third-party independent opinions, identifying gaps in inventory management processes, and enabling accurate valuation of inventory. Through our comprehensive stock audit solutions, we help businesses mitigate risks, prevent pilferage and fraud, identify slow-moving or obsolete stock, and ultimately optimize their bottom line.