Stock Audits (for Working Capital Financing)
Stock audits are critical for businesses to ensure accurate inventory management, safeguard assets, and maintain financial transparency. Our service helps organizations verify stock levels, assess valuation, and evaluate internal controls, reducing the risk of discrepancies, theft, or mismanagement.
We provide a comprehensive review of inventory records, physical stock verification, and reconciliation with accounting systems. Our audits ensure compliance with statutory requirements, improve operational efficiency, and support accurate financial reporting.
About This Service
Our service includes physical verification of stock across warehouses, branches, and locations, comparing actual inventory with recorded balances to identify discrepancies.
We assess inventory valuation methods, stock movement records, and accounting policies to ensure accurate financial reporting and compliance with applicable standards like Ind-AS and IFRS.
Beyond verification, we provide recommendations to strengthen internal controls, optimize stock management processes, and minimize operational risks.
We prepare detailed stock audit reports highlighting discrepancies, valuation adjustments, and actionable recommendations. These reports serve as a key tool for management, auditors, and stakeholders to maintain accountability, compliance, and efficient inventory management.
Key Features / Scope of Work
- Physical verification of stock across warehouses, branches, and locations
- Reconciliation of physical stock with inventory records and accounting systems
- Assessment of inventory valuation methods and accounting policies
- Identification of discrepancies, theft, or mismanagement in stock
- Advisory on strengthening internal controls and stock management processes
- Preparation of detailed stock audit reports with findings and recommendations
- Ensuring compliance with statutory requirements and accounting standards
- Support for management, auditors, and stakeholders in decision-making and operational efficiency
Explore Related Insights
Monthly regulatory newsletter covering corporate laws, taxation, and compliance updates.
A focused publication on developments in company law, SEBI regulations, and governance matters.
Periodical updates on direct and indirect taxation, including notifications, rulings, and compliance calendars.
