Stock Audit
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Stock Audit
Stock Audit is an imperative auditing term referring to the physical verification of the inventory with computed stock maintained by the company. Internal Audit Services are our best because of our unparallel reach and all India network. Assets e.g. Stocks and physical assets such as raw materials are important real assets and need repeat watch. As a large number of companies are operating across the borders through multiple locations, some even with various channel partners, ensuring this watch is challenge. We offer our focused services to companies to keep them assured of their physical assets.
SBCS reporting mechanism that strives for best and makes sure that each minute aspect of stocks is evaluated and findings are reported in a transparent manner to levels concerned. Stock audits are also undertaken for banks and other financial institutions which have extended credit to businesses against physical goods and assets.
Even though this statutory process needs to be performed at least once in a financial year by the business institutions, stock audit also known as inventory audit has become a particularly important practice especially for expanding businesses where being on multi-locations, dealing through vendors and dealers is a general pattern.
Key benefits of Stock Audits:
Advantages:
Stock audit is becoming more important as businesses is becoming multi-location and vendors, dealers, partners becoming a key to the business process. Assets like stock, physical equipments and machinery and even people are located in any of the above premises and a good control mechanism is the need for the smooth running of the business.
Following are the main aspects which are taken care while performing stock audit:Registration Pricing
Our Registration Process
Complete our simple form
Submit Documents
Verification of Documents
Preparation of file process
Generated
The Firm compiles a work plan to meet the client goals ensuring a smooth acquisition.
