Stock Audit

MANAGEMENT ASSURANCE

Stock audit

Stock Audit is a physical verification of stock and inventory and a very important tool for strengthening the internal control system.We have a dedicated stock audit team who ensures accurate counting of physical stock and its comparison with book stock. Even at third part locations like out bounded warehouses, consignment agents and distributors, we can conduct a physical verification of stock on the company's behalf.

We ensure to take care of following aspects while conducting the stock audit:

  • Stock in transit
  • Pilferage and old seasoned stock
  • Storage Guidelines
  • Stock movement procedures

We document the stock by taking photographs and randomly check the inward and outward stock movement process to mitigate the risk of the discrepancy. Also, we analyse the stock movement registers to eliminate any error or fraud on the part of stock keepers.