Stock Auditing
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We offer our clients with comprehensive services in conducting various Stock Auditing Services. Our Stock Auditing helps companies safeguard, as well as monitor their physical assets and inventories efficiently. We have with us a team of Stock Auditors, who follows strict audit and reporting mechanism in order to ensure that every aspect of stocks is evaluated. The Stock Auditing that we conduct provides accurate valuation of inventories. These are done by taking into account physical controls, obsolete inventory, scrap and returned goods. We also record the inward and outward movement of goods as well as stock procedures on the shop floor thoroughly.We currently offer three types of Stock Audits :
Environmental Conditions Audit
Arrangement of inventory in orderly manner
Ready identification of inventory and WIP
Storage arrangements, to protect against deterioration
Identification of WIP, including stage of completion
Handling of obsolete and damaged stock: identification and segregation
 Adherence to Processes & Procedure Audit
Physical counts
Comparison of physical counts to computerized records
Existence of numerical counts for stock, use of tag sheets
Sampling Inward and Outward stock movement process
Examination of sealed inventories
Ancillary Processes & Procedure Audit
Stocks lying at outside locations
Use of technology for stock management
Visual documentation of stock (through photographs)
 Key Benefits Of Stock Audit
Prevent pilferage and fraud
Direct impact on costs and bottom-line
Enable accurate valuation of inventory
Identify gaps in current inventory management process
Third party independent opinion, especially for Agent warehouses
Identification of slow moving stock, obsolete stock, dead stock and scrap
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