About Inventory Stock Audit
N D Savla & Associates provides comprehensive inventory stock audit services to
businesses across manufacturing, trading, and retail sectors. A stock audit ensures
that physical inventory matches book records, identifies discrepancies, and
strengthens internal controls over inventory management.
What We Do
We conduct detailed physical verification of stock, reconcile it with accounting
records, evaluate valuation methods, and identify gaps such as shrinkage,
pilferage, or obsolete inventory. Our audits help improve accuracy, reduce risk,
and enhance operational efficiency.
Why Choose Us
Physical Stock Verification
Accurate counting and validation of inventory across locations.
Book vs Physical Reconciliation
Identification and analysis of stock discrepancies.
Inventory Valuation Review
Assessment of valuation methods like FIFO, LIFO, or weighted average.
Risk Identification
Detection of slow-moving, obsolete, or damaged stock.
Process Evaluation
Review of inventory management systems and internal controls.
Expert Audit Team
Handled by experienced chartered accountants and audit professionals.
Stock Audit Services Offered
Warehouse Audit
Verification of inventory stored across warehouses and godowns.
Retail Stock Audit
Stock checks for retail outlets and multi-location businesses.
Manufacturing Inventory Audit
Audit of raw materials, WIP, and finished goods.
Stock Reconciliation Reports
Detailed reporting of discrepancies and audit findings.
Internal Control Review
Assessment of inventory control systems and SOPs.
Advisory & Improvements
Recommendations to improve inventory efficiency and reduce losses.
FAQs on Inventory Stock Audit
What is an inventory stock audit?
An inventory stock audit is a process of physically verifying stock and
reconciling it with book records to ensure accuracy and detect discrepancies.
Why is stock audit important for businesses?
It helps identify losses, improve internal controls, ensure accurate financial
reporting, and prevent fraud or pilferage.
How often should a stock audit be conducted?
It depends on business size and nature, but periodic audits such as quarterly
or annual checks are recommended.
Who requires a stock audit?
Manufacturers, traders, retailers, and companies with significant inventory
holdings benefit from regular stock audits.
What are common issues found in stock audits?
Common issues include stock shortages, excess stock, obsolete items, incorrect
valuation, and weak inventory controls.