Stock Audit Services

Independent verification of inventory to protect business value and lender confidence.

Stock Audit is a highly sought-after service, especially by banks, NBFCs, corporates, and manufacturing/trading companies. It is used to verify the correctness of inventory reporting, prevent fraud, and ensure lenders’ or management’s confidence.

Why Stock Audit Matters

For businesses with significant inventory — manufacturing, trading, retail, or e-commerce — stock is a critical current asset. Lenders, investors, and management rely on accurate reporting of stock levels.

A Stock Audit ensures:

  • Correct valuation of inventory (as per IND-AS/IFRS)
  • Identification of obsolete, damaged, or slow-moving stock
  • Detection of fraud, pilferage, or misreporting
  • Confidence for banks/NBFCs funding against stock
  • Improved supply chain & working capital management

Without independent stock audits, businesses risk:

  • Inflated stock reporting ? higher credit exposure for lenders
  • Non-compliance with accounting standards & tax laws
  • Reduced profitability due to leakages & inefficiencies

Our Stock Audit Services

  • Physical Verification of Inventory - Matching book records with actual stock
  • Valuation of Stock - FIFO, Weighted Average, NRV (Net Realizable Value) methods
  • Movement & Aging Analysis - Identify slow-moving, obsolete, or excess stock
  • Internal Control Review - Evaluate stock management policies, procedures & ERP controls
  • Bank/Investor Reporting - Prepare audit-ready stock reports for lenders and stakeholders
  • Compliance with Accounting Standards - IND-AS/IFRS-compliant stock valuation
  • Surprise Stock Checks - Random audits to detect fraud & pilferage risks
  • Reconciliation of Records - Align stock statements with books of accounts

Why Choose FinnovateAI?

  • Independent & Objective Audit - Trusted verification for management & lenders
  • Multi-Industry Expertise - Manufacturing, FMCG, Pharma, E-Commerce, Retail, and more
  • Bank-Approved Audit Practices - Align with RBI/Bank stock audit requirements
  • Technology-Enabled - Barcode/RFID matching, ERP-integrated checks
  • Fraud & Risk Mitigation - Proactive detection of misreporting & pilferage
  • Actionable Insights - Beyond reporting, we suggest process improvements

Our Process

  • Scope Definition - Agree with management/lenders on scope & objectives
  • Data Collection - Extract stock records, valuation reports, ERP data
  • Physical Verification - Conduct site visits, warehouse checks, and reconciliations
  • Analysis & Reporting - Identify variances, leakages, and compliance issues
  • Final Report - Deliver detailed audit report with findings & recommendations

Who Needs It?

  • Banks & NBFCs - Funding against stock for working capital
  • Manufacturers & Traders - Inventory-heavy businesses needing independent review
  • Retail & FMCG Companies - Multi-location, high SKU volume management
  • Pharma & Healthcare - Sensitive inventory with expiry & compliance risks
  • E-Commerce Startups - Inventory control across warehouses
 
     
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