Practical compliance guides

Stock Audit · 6 min read

Seed Stock Write-Off: Germination Loss, Damage and Valuation Evidence

Seed loses viability, and viability is value. This explains how germination loss, damage and grading evidence support a seed stock write-off at audit.

CACA Sundram Gupta · Aug 19

Stock Audit · 6 min read

Scrap and Rework Stock: What Gets Written Off and What an Auditor Questions

Scrap and rework write-offs are easy to declare and hard to evidence. This explains what an auditor tests before accepting one in an engineering plant.

CACA Sundram Gupta · Aug 19

Stock Audit · 6 min read

Retail Stock Variance by Store: Why Two Outlets Report Different Accuracy

Two stores running the same system report very different accuracy. This explains what drives store-level variance and which causes an audit can fix.

CACA Sundram Gupta · Aug 19

Stock Audit · 6 min read

Retail Stock Audit Frequency: How Often to Count a Multi-Store Chain

A chain cannot count every store every month, and does not need to. This sets out how to build a rotation that still gives assurance across the estate.

CACA Sundram Gupta · Aug 19

Stock Audit · 6 min read

Refurbished and Returned Stock: What Belongs on an Electronics Balance Sheet

Returned and reconditioned units rarely belong at full carrying value. This explains how refurbished stock is graded, valued and reported at audit.

CACA Sundram Gupta · Aug 19

Stock Audit · 6 min read

Quick Commerce Shrinkage: Measuring Loss Across Hundreds of Micro-Fulfilment Sites

Measuring loss across hundreds of small sites is a different problem from auditing one warehouse. This sets out how quick commerce shrinkage is measured.

CACA Sundram Gupta · Aug 19

Stock Audit · 6 min read

Pharma Batch Traceability: Matching Physical Batches to Records at Audit

Every pack in a pharma store carries a batch, and every batch should trace to a record. This explains how traceability is tested during a stock audit.

CACA Sundram Gupta · Aug 19

Stock Audit · 6 min read

Mystery Audit vs Mystery Shopping: What the Terms Mean When You Are Buying

The two terms overlap, but they attract very different buyers and very different work. This explains what each means when you are commissioning it.

CACA Sundram Gupta · Aug 19

Stock Audit · 6 min read

Mystery Audit Cost in India: Pricing by Sample Size and Location Count

Mystery audit pricing moves with visit count, location spread and scenario complexity. This explains each driver and how a quote is built up.

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

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

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