Services

Audit, Risk & Compliance (Other Audit)

Inventory Audits

What type of Service  it is ?

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 ?

  1. Inventory audit is necessary to reduce unnecessary investment on stocks and to ensure that you have a proper line balancing in the process
  2. You can avoid product spoilage
  3. You will not have any deadstock
  4. Identification of slow-moving stock, obsolete stock, deadstock, and scrap
  5. Instant information of value of inventory.