For a Manufacturing Business entity or Trading Business entity, Inventories are usually important and material items in their Financial Statements. Therefore, adequate controls on the Inventory and Independent check from an external independent & professional firm, review of Inventory Valuation and recording system are very important. Further these assets are normally hypothecated to banks for availing various forms of loans and therefore it is also essential for the bank to have audit checks on the borrowers' Inventories as RBI and Banks Internal Guidelines.
Our firm with Qualified Chartered Account and experienced professionals will provide Stock Audit Services as per generally accepted auditing principles.