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Reliable Inventory Audits to Reduce Risk & Waste

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Stock audits are crucial for verifying the integrity of your inventory records, ensuring compliance, and detecting operational inefficiencies or risks. Our Stock Audit Consulting Services provide a structured and transparent audit framework, guiding businesses through every phase—from checklist design to variance analysis—while ensuring regulatory adherence.

What Are Stock Audit Consulting Services?

Stock audit consulting involves the systematic verification of inventory, with a focus on physical stock counts, reconciliation, compliance checks, hygiene checks and internal control evaluations. Expert consultants bring objective insights and advisory support to help you maintain accurate records and minimize financial and operational risks.

Key Areas Covered

  • Inventory Verification Planning
    Scope definition, scheduling, and resource planning tailored to your business needs.

  • Physical Count Execution
    On-site stock counting using defined procedures and audit checklists, with real-time reconciliation.


  • Variance Analysis
    Investigation of discrepancies between physical and recorded stock, identifying the root cause and classification of variances.


  • Compliance & Internal Control Review
    Assessment of inventory procedures against regulatory standards and internal policies.


  • Reporting & Audit Advisory
    Preparation of detailed reports with actionable insights and tailored recommendations to enhance inventory control.

Benefits of Our Stock Audit Services

  • Improved Accuracy: Reliable inventory valuation and prevention of misstatements.

  • Regulatory Compliance: Adherence to audit standards and industry norms.

  • Risk Mitigation: Detection of fraud, pilferage, or obsolescence.

  • Operational Insights: Optimization of inventory holding and distribution strategies.

  • Strategic Decision-Making: Data-driven audit advisory for supply chain and financial planning.

Industries We Serve

Our services are tailored for a wide range of sectors:

  • Retail & FMCG – High turnover goods, POS integration, and shrinkage control.

  • Manufacturing – Raw materials, WIP, and finished goods cycle counting.

  • Telecom – capex verification and reconciliation – Repair centre inventory, franchisee inventory, 3pl inventory checks

  • Automotive – Parts inventories and after-sales service stock.

  • Logistics & Warehousing – Goods-in-transit monitoring and space optimization.

Process Overview

  1. Planning & Checklist Design
    Custom scope, objectives, and checklist development.


  2. Physical Stock Verification
    On-ground stock audits with photographic and system-backed evidence.


  3. Reconciliation & Variance Analysis
    Root cause identification and classification of discrepancies.


  4. Compliance Review
    Policy adherence and process evaluation.


  5. Final Reporting & Advisory
    Submission of audit findings and process improvement suggestions.

Required Documents

To facilitate an effective audit, the following are essential:

  • Inventory ledgers, bin cards, and ERP stock reports

  • Prior audit reports for reference

  • SOPs and internal inventory management policies

  • Financial records such as stock valuation statements

  • System and site access permissions

Fee Structure (Indicative Framework)

  • Audit Engagement Fees – Planning, scoping, and initial advisory

  • On-Site Charges – Location, scope, and audit duration dependent


  • Reporting & Advisory Fees – Fixed/hourly basis for report generation and recommendations


  • Recount/Verification – Separate billing for special or follow-up audits

How We Help

  • Dedicated Consultants with sector-specific experience

  • End-to-End Audit Execution across all stages

  • Ongoing Support with variance tracking and inventory process upgrades

  • Regulatory Compliance Assurance tailored to your business model

Need help? Book a call to understand our full range of service offerings

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Frequently Asked Questions

What does a stock audit involve?
Which businesses require regular stock audits?
Can stock audits detect fraud or pilferage?
What are the outcomes of a stock audit?

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