Stock Audit Services

Call Us Today +91 8000 57972

We provide stock audit services.AT K M GATECHA & CO LLP have competent and experienced team of experts in the field of Stock Auditing who will not only help you in the Audit but will also guide you through the process of improving the organizations efficiency and profits. Firstly, we need to understand what a stock audit service is and how it can help your organization After that you can take an informed decision on which of our Stock audit services you can avail.

Stock Audit services includes as below:

Stock Audit Services
CA_in_Ahmedabad Chartered_Accountant_in_Ahmedabad Accounting_firm_in_ahmedabad Audit_firm_in_ahmedabad Company_formation_in_ahmedabad GST_registration_in_ahmedabad Tax_consultant_in_ahmedabad

What qualifies as stock audit services?

Stock audit services, in general, means physical verification of stock. It is mostly based on quantity of the stock but can also include valuation of stock in certain scope and terms of engagement letter of agreement.

There are different approaches to stock audit services and the approach depends on the aim of the audit. Also, stock audit services is done to figure out any dispensaries in book stock and actual stock physically present and audited in the premises.

To summarize, Stock Audit is a mandatory and statutory process that every company/business should conduct at the least once a year (more than once is suggested for better hold of stock for the organization) especially for companies that are working in many countries and across borders, having multiple premises.

 

Benefits of stock Audit Services

  • Better planning of future purchase by evaluating the stock movement and changes thereof within the products and services of the organization
  • Prevents pilferage and fraud by tallying of stock
  • Affirmation of management by floor employees by tallying of physical stock with stock books
  • Instant information of value of inventory
  • Cost reduction and bottom-line improvement
  • Can aid in bringing in third party opinion, especially for warehouses outside of company premises
  • Reduction in gaps of inventory management process

Advantages to the organization

  • Stock planning and management of various premises becomes easier and more efficient due to the reports from the audits
  • Good control mechanism is created and deployed for future for the benefit of organization

 

The several types of Stock Audits that we provide at K M GATECHA & CO LLP.

  • Physical conditions Audit
    • Advising on best way of arranging inventory
    • Recognition of inventory
    • Advising on ways to prevent deterioration of inventory
    • Identification of work in progress along with stage of completion
    • Disposal/handling of obsolete/ scrap stock
  • Compliance to processes and Procedure Audit
    • Physical counting of stock
    • Comparison of physical and recorded stock
    • Random checking of inward and outward stock movement process
    • Checking of sealed inventories
  • Associated processes and process audit
    • Audit of stock lying in open or outside premises
    • Upgrading the technology for inventory management
    • Documentation of stock through photographs and reports

 

Various aspects of the Stock Audit Services: –

  • Reports on stock pilferages and fraud on premises
  • Stock damage reports
  • Verification of physical stock
  • Reporting on mismatch in physical and recorded stock
  • Valuation of Stock in transit
  • Verification of stock valuation
  • Comparison of financial statements with stock registers

 

To Summarize,

We at K M GATECHA & CO LLP provide Organizations with complete services of stock audit services in a manner that is beneficial to the organization in the short as well as long term in areas such as stock management, better inventory planning, and prevention of fraud and dead stock and thus helping them in becoming more efficient and streamlined in their processes.

Let's Discuss Your Requirements 🙂

FAQS of stock audit services

  • Stock audit is a verification of physical stock and stock processes that are being followed in the Organization.
  • For distinct reasons such as to detect fraud or mismatch of inventory, to improve stock planning and better inventory management.
  • Contact us to understand stock audit in detail.
  • The frequency of stock audit purely depends on the aim of organization about stock.
  • It can range from quarterly to once a year but minimum once a year is needed for its effectiveness
Nilesh Makvana
Nilesh Makvana
October 24, 2021.
K M GATECHA & CO LLP is best tax consultancy firm in Ahmedabad providing accounting advisory services and book keeping, company formation services,GST registration,GST consultancy services,Income tax consultancy,tax filings,audit services, and ca services. We recommend CA Milap and K M GATECHA & CO LLP for chartered accountant services in ahmedabad. We have availed our entire group company services from this firm and partners of firm have experience more than 11 years.
sanghamitra banik
sanghamitra banik
October 22, 2021.
Extremely professional and high quality service. Good knowledge and guidance helps to manage any financial service support. Hassle free and best advice. Highly recommended CA KM GATECHA & CO LLP
Manisha Trivedi
Manisha Trivedi
October 19, 2021.
Best ca in ahmedabad, gujarat, india. We availed tax filing and audit services. Highly recommended CA office in ahmedabad.
Sagar Trivedi
Sagar Trivedi
October 19, 2021.
Best CA in ahmedabad, Gujarat,India provides best income and gst tax filing services in ahmedabad, highly recommended top chartered accountant in ahmedabad for GST returns, accounting and bookkeeping services, audit services, company registration services, income tax consultancy,Accounting advisory services,gst registration provided by best CA office at highly affordable fees.Staff is also cooperative,fast responsive and partners are highly knowledgeable.
Bipin Samani
Bipin Samani
October 13, 2021.
Best CA in Ahmedabad providing tax filing services, accounting services, audit services, company formation services, gst consultancy ,gst registration services, income tax services in Ahmedabad. Highly knowledgeable CA in Ahmedabad, highly recommended CA office in Ahmedabad at affordable fees. I found staff very cooperative.
umang patel
umang patel
October 5, 2021.
Top CA in ahmedabad providing best tax filing services in ahmedabad, highly recommended best chartered accountant in ahmedabad for GST returns, accounting services, audit services, company registration services, income tax consultancy,Accounting advisory services provided by best CA office at highly affordable fees.Staff is cooperative,quick responsive and partners are knowledgeable.
Nilesh Palaste
Nilesh Palaste
October 5, 2021.
Top CA in ahmedabad providing tax consultancy,Tax filing, Tax registration,GST consultancy,GSt registration,accounting services, audit services, company formation services,income tax sservices,GST return filing services. Best chartered accountant in ahmedabad at affordable fees.
HO GULAB
HO GULAB
September 24, 2021.
Top CA in ahmedabad,GUJARAT,INDIA providing best tax filing services in ahmedabad, highly recommended best chartered accountant in ahmedabad for GST returns, accounting services, audit services, company registration services, income tax consultancy,Accounting advisory services provided by best CA office at highly affordable fees.Staff is cooperative,quick responsive and partners are knowledgeable.
Jayita Banik
Jayita Banik
September 10, 2021.
jayita banik
jayita banik
September 10, 2021.
Ca in ahmedabad providing best ca services in ahmedabad.k m gatecha & co llp ca office in ahmedabad provides best gst,income tax filing,audit,company formation and best mca filing services in ahmedabad.highly recommended chartered accountant in ahmedabad for best services at affordable fees. Ca milap is highly knowledgeable and cooperative partner of ca firm.

Our Other Services

CA Firm in ahmedabad

Being the best ca firm in Ahmedabad we provide CA services all over India. We have our associates spread over many cities.

Tax Consultant

We as the best tax consultant in Ahmedabad, india provide tax consultancy including direct and indirect tax consultancy.

Income Tax Services In Ahmedabad

We provide income tax audits, income tax return filing, corporate income tax services, etc.

Accounting firm in ahmedabad

We provide bookkeeping, accounting, tally accounting, zero accounting, quick book accounting, Zoho accounting services.

GST Consultant

Our GST services include GST registration, GST payments, GST refunds services,e way bill consultant, GST return, GST classification, GST compliances, etc.

Chartered Accountant In Ahmedabad

We as the most-trusted chartered accountant in Ahmedabad provide all chartered accountant services under one roof.

Tax Accountant

We provide tax accounting services for effective tax planning and making tax provisions.


Audit Firm in ahmedabad

We provide bank audits, stock audits, forensic audits, statutory audits, concurrent audits, tax audits, internal audits, information system audit services.