Accurate Stock Verification. Strong Financial Control.
Stock is one of the most critical assets for any business—and also one of the most vulnerable to errors, misstatements, and leakage.
N D Savla & Associates provides detailed stock audit services to help businesses verify inventory, ensure accurate reporting, and strengthen internal controls.
What is a Stock Audit?
A stock audit is the process of physically verifying inventory and reconciling it with book records to ensure accuracy, valuation correctness, and proper control over stock.
It helps identify discrepancies, obsolete stock, valuation issues, and potential risks in inventory management.
- Verification of physical stock vs book records
- Identification of shortages or excess stock
- Valuation of inventory as per accounting standards
- Detection of slow-moving or obsolete items
- Review of stock management systems
When is Stock Audit Required?
- Bank or lender requirements for working capital limits
- Internal control and risk assessment
- Before financial reporting or audits
- During business restructuring or due diligence
- Suspected discrepancies or stock mismanagement
Documents & Details Required
- Stock register and inventory records
- Purchase and sales records
- Previous audit reports (if any)
- Valuation method followed (FIFO, Weighted Average, etc.)
- Warehouse and location details
Risks of Not Conducting Stock Audit
- Incorrect financial reporting
- Stock pilferage or fraud going unnoticed
- Overstatement or understatement of profits
- Issues with bank financing and compliance
- Operational inefficiencies and losses
Stock Audit Process (Step-by-Step)
- Understanding inventory system and controls
- Planning and scheduling physical verification
- Conducting stock count and verification
- Reconciling physical stock with records
- Identifying discrepancies and valuation issues
- Preparing audit report with observations
- Providing actionable recommendations
Why Choose N D Savla & Associates?
Detailed Stock Verification
Thorough physical checks and accurate reconciliation.
Accurate Valuation
Ensuring compliance with accounting and audit standards.
Experienced Professionals
Handled stock audits across industries and business sizes.
Risk Identification
Detecting discrepancies, leakages, and control gaps.
Actionable Insights
Practical recommendations to improve inventory management.
Confidential Handling
Secure and professional handling of sensitive data.