Practical compliance guides

Stock Audit · 6 min read

Asset Numbering System: How to Code Assets for a Fixed Asset Register

A numbering system has to survive transfers, disposals and new sites. This sets out how to structure asset codes so the register stays readable.

CACA Sundram Gupta · Aug 19

Stock Audit · 6 min read

Apparel Stock Write-Down: Valuing Unsold Collections at Season End

Last season's collection rarely sells at cost, and the balance sheet has to say so. This explains how unsold apparel is written down with evidence.

CACA Sundram Gupta · Aug 19

Stock Audit · 6 min read

Agro-Input Stock Audit Timing: Counting Around Kharif and Rabi Peaks

Agro-input stock peaks and empties with the cropping calendar. This explains when to count so the result reflects a normal position, not a seasonal one.

CACA Sundram Gupta · Aug 19

Stock Audit · 6 min read

5S Audit and Stock Accuracy: Why Housekeeping Scores Predict Count Variance

Warehouses with poor 5S scores report worse count variance, and the link is not a coincidence. This explains why housekeeping predicts stock accuracy.

CACA Sundram Gupta · Aug 19

Stock Audit · 6 min read

Focused Stock Audit: What Triggers One and How It Differs from a Routine Audit

A focused stock audit is ordered when something specific worries the lender. This explains the triggers and how the scope differs from a routine count.

CACA Sundram Gupta · Aug 19

Stock Audit · 6 min read

Ghost Assets: What They Cost and How Asset Tagging Removes Them

A ghost asset sits in your register, carries depreciation and insurance, and no longer exists. This covers what they cost and how tagging clears them.

CACA Sundram Gupta · Aug 19

Stock Audit · 6 min read

How Many Mystery Audit Visits Do You Need? Sample Size by Outlet Count

Too few visits and the score is noise; too many and you pay for certainty you do not need. This sets sample size against the number of outlets you run.

CACA Sundram Gupta · Aug 19

Stock Audit · 6 min read

How Often Is a Stock Audit Required? Monthly, Quarterly and Half-Yearly Triggers

Lenders set stock audit frequency in the sanction letter, not in statute. This explains what makes a bank ask for monthly, quarterly or half-yearly counts.

CACA Sundram Gupta · Aug 19

Stock Audit · 6 min read

How to Choose a Mystery Audit Company in India: Coverage, Vetting, Reporting

Coverage, auditor vetting, scenario design and reporting depth separate a mystery audit firm from a panel of casual shoppers. Here is what to ask.

CACA Sundram Gupta · Aug 19

Stock Audit · 6 min read

How to Conduct Fixed Asset Verification: Planning, Sampling and Reconciliation

Planning, sampling, the physical walk and the reconciliation back to the register. This is the project method, not the item checklist that sits inside it.

CACA Sundram Gupta · Aug 19

Stock Audit · 6 min read

Is Physical Verification of Fixed Assets Mandatory? CARO and Companies Act Rules

CARO 2020 requires the auditor to report whether a company verified its property, plant and equipment. This sets out who must verify and how often.

CACA Sundram Gupta · Aug 19

Stock Audit · 6 min read

Job Work Stock Verification: Auditing Inventory Held at Vendor Premises

Material sent for job work stays on your books while sitting on a vendor's floor. This explains how that stock is verified and reconciled to challans.

CACA Sundram Gupta · Aug 19