Stock Audit Services
The objective of the stock audit services in Dubai is to prove the accuracy, existence, and ownership rights and ensure the value of the items in the company’s inventory.
Stock is the most important asset for all businesses. It is mandatory for any businesses that are keeping a stock or inventory to ensure the accuracy of the stock. The purpose of stock audit services is to ensure the statistics of stock through proper analytical accounting of the stock and inventory.
Stocks are the most valuable asset for any business and also highly susceptible to pilferage, damage, expiry, wastage or fraud. The entities that operate with huge stocks and from different stock locations also seek inventory audits at periodical intervals from independent third party.
These audits are thus for all independent third-party evaluation as to the physical availability, correct value as also to technically verify that the item placed to the bank or to the lenders are marketable and not obsolete and slow moving.
Scope of Stock Audit
- Stock Audit Services
- Physical Status Reporting
- Stock Reconciliation
- Valuation of Inventory
- Assistance for Inventory Coding and Categorization
- Inventory Accounting
Inventory Verification Services
Our team of experts can assist you in inventory verification and provide more insights into your stock, along with a proper reconciliation of the existing stock records. Through our inventory verification services and valuation services, we identify the excess/shortage of materials in stock and identify the old/damaged materials in inventory.
It helps the management get better internal control on the inventory counting process, without disturbing the regular workflow, and reduces wastage and losses arising due to fraud or damage.
Audit Services in Dubai
SAB audit services include internal audit, external audit, company liquidation audit, risk management audit, fraud audit, tax audit, ICV audit and RERA audit. Businesses in the UAE require different kinds of audits as per their requirement. SAB audit report is approved by the Ministry of Economy (MOE).
