Stock Audit Verification

Physical verification of Stock (Inventory) Audit

Stocks are the most valuable asset for any business and also highly susceptible to pilferage, damage, expiry, and wastage. The objective of a Stock Audit is to ensure the existence, accuracy, ownership rights, and also verify the realizable value of the items in the company’s inventory. Accurate accounting of inventory is also essential to a robust bookkeeping system and MIS reporting. Since the inventory has a lot of movement during business days, the process of routine physical verification needs proper planning, resource mobilisation and expertise.

How MBG’s Inventory Audit Services Help

Our team of experts can assist you in inventory audit and inventory verification, providing more insights into your stock along with a proper reconciliation of the existing stock records. We offer comprehensive inventory audit services to ensure that your stock is accurately accounted for and managed efficiently.

Through our inventory verification and valuation services, we identify the excess/shortage of materials in stock and identify the old/damaged materials in inventory. This inventory audit process helps the management reduce wastage and losses arising due to damage or obsolescence.

MBG’s Stock Audit Services include

• Stock Audit Services
• Physical Status Reporting
• Stock Reconciliation
• Valuation of Inventory
• Assistance for Inventory Coding and Categorization
• Inventory Audit Accounting

For a comprehensive approach, our Financial Reporting and Assurance services complement inventory audit processes to ensure accuracy and compliance.