Guidelines or Checklist to conduct stock audit in India

  • August 31, 2023
Company Registration

Stock Audit Services involves the physical confirmation of stock and inventory, serving as a vital component for enhancing internal control mechanisms. Our specialized stock auditor team is committed to meticulously counting physical stock and cross-referencing it with the recorded stock, even in external locations such as outbound warehouses, consignment agents, and distributors.

Patron Accounting LLP stands as a prominent firm for Stock Audit Services and stock audit procedures in various regions of India, including Noida, Delhi, Gurgaon, Pune, Mumbai and beyond.

Request to following guidelines for conducting quality stock audit:

  1. Request all team members to report at the stock audit locations on time and exit the location post the confirmation from the centeralised control team.
  2. Request all team members to avoid casual dress while visiting client premises. Request team members to wear Shirt (not T-Shirt) at the stock audit locations
  3. It is mandatory for the team leads to share the Geotagging pictures at the reporting and exit each day of the stock audit. Click Android & IOS to download application to donwload Apps for Geotagging
  4. All geottagged photographs at the time of entry and exit are required to be submitted at the time of clicking on whatsapp to the centarlised team.
  5. All photographs and stock audit reports in the desired format are required to be emailed .
  6. Any issues or disconnect or confusion at the stock audit location are required to be informed to the centeralised stock audit team
  7. The stock audit reports are required to be signed by the designated incharge at the stock audit location.

“Quality means doing it right when no one is looking.” – Henry Ford

All the Best for the stock audit assignment!!

Patron Accounting is a accounting firm based in Pune & Gurgaon with the team of experienced and qualified professionals offering various services such as company registration in India, Accounting Services, Online GST Registrations, Tax Planning, Stock Audit, GST Return filing Services. Having an experience we always come with plan to lay out a smooth process that is effective and efficient. Owing to large networks across India, we tend to deliver your accounting needs simultaneously at multiple locations.

Read more-Importance of Stock Audit

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