We provide comprehensive stock audit services designed to ensure accurate inventory management and safeguarding of your assets. Whether you're a retailer, manufacturer, or distributor, our experienced auditors conduct thorough stock audits to help you maintain transparency, optimize stock levels, and prevent discrepancies.
Our Stock Audit Services
1. Physical Verification: Conducting physical verification of stock to reconcile actual inventory with recorded quantities. We ensure accuracy in stock records and identify any discrepancies or pilferage.
2. Inventory Valuation: Assessing the valuation of inventory based on recognized accounting principles (e.g., FIFO, LIFO) to provide accurate financial reporting and compliance with regulatory standards.
3. Process Review: Evaluating internal controls and procedures related to stock management. We provide recommendations to enhance efficiency, reduce operational risks, and improve inventory control measures.
4. Risk Assessment: Identifying risks associated with stock handling, storage, and transportation. Our audit helps mitigate risks of stock obsolescence, theft, or damage, ensuring optimal inventory management practices.
5. Reporting and Recommendations: Delivering comprehensive audit reports with findings, observations, and actionable recommendations. We collaborate with your team to implement solutions that enhance stock management and operational efficiency.