Rakesh Soni & Co.

Karol Bagh, Delhi

We offer our clients with comprehensive services in conducting various Stock Auditing Services. Our Stock Auditing helps companies safeguard, as well as monitor their physical assets and inventories efficiently. We have with us a team of Stock Auditors, who follows strict audit and reporting mechanism in order to ensure that every aspect of stocks is evaluated. The Stock Auditing that we conduct provides accurate valuation of inventories. These are done by taking into account physical controls, obsolete inventory, scrap and returned goods. We also record the inward and outward movement of goods as well as stock procedures on the shop floor thoroughly.

We currently offer three types of Stock Audits :

Environmental Conditions Audit

• Arrangement of inventory in orderly manner
• Ready identification of inventory and WIP
• Storage arrangements, to protect against deterioration
• Identification of WIP, including stage of completion
• Handling of obsolete and damaged stock: identification and segregation

• 
  Adherence to Processes & Procedure Audit

  • Physical counts
  • Comparison of physical counts to computerized records
  • Existence of numerical counts for stock, use of tag sheets
  • Sampling Inward and Outward stock movement process
  • Examination of sealed inventories

  • 
    Ancillary Processes & Procedure Audit

    • Stocks lying at outside locations
    • Use of technology for stock management
    • Visual documentation of stock (through photographs)

    • 
      Key Benefits Of Stock Audit

      • Prevent pilferage and fraud
      • Direct impact on costs and bottom-line
      • Enable accurate valuation of inventory
      • Identify gaps in current inventory management process
      • Third party independent opinion, especially for Agent warehouses
      • Identification of slow moving stock, obsolete stock, dead stock and scrap