Inventory audit is required to match the actual quantity of items in stock against the accounting records while also adjusting for differences and allowing for shrinkage so that the ledger reflects accurate values.
What we provide ?
An audit helps to identify weaknesses in the accounting systems and enables an entity to provide suggestions for improvements.
Advantages of it ?
Inventory audit is necessary to reduce unnecessary investment on stocks and to ensure that you have a proper line balancing in the process
You can avoid product spoilage
You will not have any deadstock
Identification of slow-moving stock, obsolete stock, deadstock, and scrap