We excel in Internal Audit Services and have a strong focus on assets, particularly stocks and physical assets like raw materials. With businesses operating across multiple locations, ensuring effective monitoring of these assets can be challenging. Our dedicated Stock Audit team offers focused services to provide companies with assurance regarding their physical assets.

Our Stock Audit process follows a strict audit and reporting mechanism, ensuring thorough evaluation of every aspect of stocks. We maintain transparency in reporting findings to the relevant stakeholders. Our services also extend to banks and financial institutions that have provided credit to businesses based on physical goods and assets. With our widespread network throughout India, we can conduct audits simultaneously at multiple locations, ensuring efficiency and promptness.

We prioritize providing you with comprehensive and accurate inventory figures. Our audit covers meticulous examination of purchase, sale, and movement records of stocks to ensure accuracy and reliability.

The benefits of Stock Audits include:

Stock Issue Identification: Stock audits help identify slow-moving, obsolete, dead, and scrap inventory. This allows businesses to take prompt action, such as liquidation or disposal, to prevent holding unproductive stock.

• Prevention of Pilferage and Fraud: Regular stock audits deter and uncover instances of pilferage and fraud within inventory management processes. They help maintain control over stock and prevent financial losses.
• Real-time Inventory Value Information: Stock audits provide up-to-date information on the value of inventory. This empowers businesses to make informed decisions regarding stock replenishment, pricing, and overall inventory management strategies.
• Cost Reduction and Improved Bottom Line: By identifying inefficiencies and optimizing stock levels, stock audits contribute to cost reduction and improved financial performance. They help minimize excess inventory, lower carrying costs, and enhance profitability.
• Third-Party Opinions and Agent Warehouse Evaluation: Stock audits can involve third-party opinions, especially for agent warehouses, ensuring unbiased assessments of stock. This provides additional assurance to stakeholders and strengthens credibility.
• Enhanced Inventory Management: Stock audits help identify areas for improvement in inventory management processes, closing gaps and optimizing operations. This leads to more effective inventory control, streamlined processes, and better stock utilization.

Overall, stock audits deliver valuable insights that help businesses optimize inventory, mitigate risks, prevent losses, and enhance financial performance.