An inventory audit is an analytical procedure that cross-checks if financial records match inventory records, or the count of physical goods. Inventory audits don’t have to be done by auditors, but it helps to have an experienced auditor run through your finances to confirm your stock counts are accurate.
An inventory audit can be as simple as a spot check (i.e., counting physical stock to see if it matches how much you believe you should have), or as involved as having a third-party auditor performing the procedure.
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Inventory Audit Services
Our inventory audit services offer suggestions for the controlling of cost of the stocks of our client’s company. The inventory audit report made available by us involves detailed checking of stock records & also physical verification of all of types of stocks. Internal inventory audit is undertaken to find out shortcoming in inventory records & to give solutions for inventory reduction & its control so that production of items may not stop due to deficiency of stock of material or blockage of money. Inventory reduction & its control are suggested so that production of items will not be stop due to deficiency of stock of material. Moreover, we are reckoned to be the numero uno source of inventory auditing services in India.