Stock Audit
For any firm, the stock is a precious asset that is also likely the most vulnerable to theft, damage, expiration, wastage, and fraud. The purpose of stock verification is to establish the existence, accuracy, and ownership of the objects in the company’s inventory as well as to guarantee their realisable value. A strong bookkeeping system and MIS reporting both depend on accurate inventory accounting.
Routine physical verification becomes a challenging chore for any corporation because the inventory moves a lot on business days. Planning, resource mobilisation, and skill are required. To make sure that the physical inventory matches the book stock and that any discrepancies or obsolescence are properly corrected prior to the year-end financial audit, the majority of commercial organisations normally conduct inventory verification either annually or half-yearly.
- Dedicated FTA Certified Tax Agents
- FTA Registered Tax Agency
- Qualified Accountants
- Fast & Accurate Services