Independent physical verification of inventory and stock — for bank borrowers, statutory requirements, and internal management assurance on stock accuracy and valuation.
Stock audit (also called inventory audit or stock verification) is the physical counting and valuation of inventory to verify that the stock records match the actual physical stock. It is mandatory for companies that have taken working capital loans from banks — lenders require periodic stock audits to verify the security for their loans.
AccentTax Consulting conducts stock audits for bank borrowers, manufacturing companies, trading businesses, and retail chains. Our stock audit team performs physical stock counts, reconciles with book records, verifies valuation methods, and identifies slow-moving, obsolete, or damaged stock. We issue a detailed stock audit report that meets bank and statutory requirements.
At a Glance
✦ Who is this for
Companies with working capital loans (bank requirement), Manufacturing and trading companies, Retail chains, Companies with large inventory balances
✦ Governed by
RBI Guidelines for bank borrowers | Companies Act, 2013 | AS-2 / Ind AS-2 (Valuation of Inventories) | Bank's loan agreement terms
✦ Estimated timeline
2–5 days for physical verification | Report within 5 working days
✦ Our fee
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Key advantages of engaging AccentTax Consulting for Stock Audit & Inventory Verification.
Actual physical count of all inventory items — raw materials, WIP, finished goods, and stores & spares.
Stock audit report in the format required by your lending bank — satisfying the loan covenant requirement.
Identification of stock shortages, excesses, slow-moving items, and obsolete stock for management action.
Review of inventory valuation method (FIFO / weighted average) for compliance with AS-2 / Ind AS-2.
Simple, transparent, and fully managed by our team.
We review the stock records, obtain the stock list, and plan the physical verification — including cut-off procedures.
Our team conducts a systematic physical count of all inventory items at your warehouse / factory / retail locations.
Physical count is reconciled with book records — identifying shortages, excesses, and unrecorded items.
We review the valuation of inventory — checking cost computation, NRV assessment, and slow-moving / obsolete provisions.
Discrepancies are investigated with the stores / warehouse team to determine the root cause.
Detailed stock audit report issued — covering physical count, reconciliation, valuation, and recommendations.
We review the stock records, obtain the stock list, and plan the physical verification — including cut-off procedures.
Our team conducts a systematic physical count of all inventory items at your warehouse / factory / retail locations.
Physical count is reconciled with book records — identifying shortages, excesses, and unrecorded items.
We review the valuation of inventory — checking cost computation, NRV assessment, and slow-moving / obsolete provisions.
Discrepancies are investigated with the stores / warehouse team to determine the root cause.
Detailed stock audit report issued — covering physical count, reconciliation, valuation, and recommendations.
We handle everything — you just provide documents.
Don't have all documents ready? Contact us — we'll guide you step by step.
Send Documents on WhatsAppPhysical verification: 1–5 days (depending on inventory size) | Report: within 5 working days of completion
Banks typically require stock audits quarterly or half-yearly for working capital borrowers above certain limits.
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All fees exclude 18% GST. Transparent pricing, no hidden charges.
Our team responds within 1 hour.