Internal audit & risk advisory
Stock & Fixed Asset Verification
Physical verification of inventory and fixed assets, reconciled with the books.
Who needs it
Manufacturers, traders and companies with large inventories or asset bases, and businesses asked by their bank for a stock audit.
Records drift away from what is actually on the floor. We count or sample-check stock and assets at your locations, reconcile the results with the books and report the differences with their likely causes.
Scope
- Inventory counts and cut-off checks
- Fixed asset tagging and register updates
- Slow-moving and obsolete stock review
- Reports in the format your bank or auditor needs
Documents to keep ready
- Stock and asset registers
- Location list
- Last verification reports
- Valuation policy