Audit & Assurance
Stock Audit
Lenders often require independent verification of your inventory and receivables. We conduct stock audits that give banks confidence and give you an accurate, valued picture of what's actually on your shelves.
Key benefits
- Independent inventory & receivables verification for lenders
- Physical-vs-book stock differences identified
- Valuation and slow-moving / obsolete stock flagged
- Bank-format reports delivered on time
Documents required
- Stock registers and valuation basis
- Purchase and sales records
- Previous stock statements submitted to the bank
- Warehouse / location details
How it works
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1
Planning
Scope and locations agreed with you and the lender.
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2
Physical verification
Stock counted and matched to books.
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3
Valuation
Inventory valued; discrepancies and dead stock flagged.
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4
Reporting
Bank-format report with findings issued.
Frequently asked questions
Who needs a stock audit?
Usually businesses with working-capital or cash-credit limits, where the bank mandates periodic stock and receivables verification.
How often is it done?
Commonly quarterly or half-yearly, as the lender's sanction terms require.
What do banks look for?
That the drawing power is backed by real, correctly valued stock and genuine receivables — we verify exactly that.