Inventories normally constitute a significant portion of the total assets, particularly in the case of manufacturing and trading entities as well as some service rendering entities.
Audit of inventories, therefore, assumes special importance. The advantage of inventory verification is helps in determining the correct value of the inventory.
Verification: It is the management’s responsibility for physical verification. In carrying out an audit of inventories, the auditor is particularly concerned with obtaining sufficient appropriate audit evidence to corroborate the management’s assertions
We are one of the leading service providers for retail industry at PAN India level and we offer specific customised services which include showroom audit, compliance audits, warehouse audit, return / damaged stock audit, SOP audit, hygiene audit, dispatch audit, GRN audit, reconciliation and asset confirmation.