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Inventory plays a vital role in the financial health of many businesses, especially those in manufacturing, trading, and retail sectors. An inventory audit helps ensure that physical stock matches your accounting records, reducing the risk of losses due to pilferage, obsolescence, or mismanagement. Our firm offers comprehensive inventory audit services tailored to the specific needs of your business.
We begin with a detailed review of your inventory policies, stock movement processes, and record-keeping systems. Our team then performs physical stock verification, cross-checks with purchase and sales data, and evaluates the effectiveness of inventory controls. We focus on areas such as valuation methods, slow-moving stock, and adherence to FIFO/LIFO/weighted average systems.
Regular inventory audits help you identify and address discrepancies, manage working capital efficiently, and make better procurement decisions. Our audit reports provide actionable insights and highlight any irregularities, non-compliance, or process gaps in your inventory handling.
In addition to standalone inventory audits, we also assist clients in preparing for statutory audits by providing reliable inventory figures and supporting documentation. Whether it’s for internal control purposes, banking requirements, or compliance reporting, our services ensure accuracy, accountability, and peace of mind in managing your inventory.
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