Stock Audits (for Working Capital Financing)
Stock Audits (for Working Capital Financing)
Stock audits are essential for businesses to maintain accurate inventory management, protect assets, and ensure financial transparency. Our services assist organizations in verifying stock quantities, assessing inventory valuation, and evaluating internal control mechanisms, thereby reducing the risk of discrepancies, pilferage, or mismanagement.
We conduct a comprehensive review of inventory records, perform physical stock verification, and reconcile findings with accounting systems. Our stock audits help ensure compliance with statutory and regulatory requirements, enhance operational efficiency, and support reliable and accurate financial reporting.
About This Service
Our stock audit services include physical verification of inventory across warehouses, branches, and multiple locations, comparing actual stock with recorded balances to identify discrepancies and variances.
We review inventory valuation methods, stock movement records, and accounting policies to ensure accurate financial reporting and compliance with applicable standards such as Ind-AS and IFRS.
Beyond verification, we provide practical recommendations to strengthen internal controls, streamline stock management processes, and reduce operational risks.
We prepare detailed stock audit reports highlighting discrepancies, valuation adjustments, and actionable suggestions. These reports serve as an essential tool for management, auditors, and stakeholders to ensure accountability, regulatory 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 of stock
Advisory on strengthening internal controls and inventory management processes
Preparation of detailed stock audit reports with findings and recommendations
Ensuring compliance with statutory requirements and accounting standards
Support to management, auditors, and stakeholders in decision-making and operational efficiency
- Specialized & Bank-Related Audits
- Concurrent Audits (Banks, NBFCs, Financial Institutions, Payment Banks)
- Retail Assets & Retail Liabilities Audit
- Treasury, Forex & Depositories Audits
- KYC (includes Video KYC)/ AML Audits
- Third Party Vendor Audits
- AR Due diligence
- Stock Audits (for Working Capital Financing)
- Revenue & Expense Audits
- Branch Statutory Audit (BSA) & Central Statutory Audit (CSA)
- Audit under RBI/NABARD/CAG Mandates
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