Stock Audit Service
Stock Audit Service
What is a Stock Audit?
Accurate Inventory. Secure Lending. Transparent Operations.
At Prags Group, we conduct specialized Stock Audits for companies and financial institutions to ensure that the reported inventory levels match physical records and are in line with business and lending requirements. Our audits reduce financial risks, prevent fraud, and help businesses maintain strong internal controls.
A Stock Audit (or Inventory Audit) is the physical verification and valuation of inventory held by a business. It ensures that stock quantities and values reported in the books are genuine, accurately maintained, and reflect the actual condition on ground.
Stock audits are often mandated by banks, NBFCs, or internal management—especially where working capital loans, cash credit limits, or inventory-based financing are involved.
Why is Stock Audit Important?
- Prevents overstatement or misreporting of stock
- Helps banks verify security against loans
- Detects theft, pilferage, slow/non-moving stock
- Validates insurance claims and asset protection
- Ensures accounting accuracy and compliance with standards
- Builds confidence in external stakeholders (lenders, investors)
Scope of Our Stock Audit Services
01
Physical Stock Verification
- Item-wise, location-wise verification
- Tallying with books, stock registers, or ERP data
02
Valuation & Documentation
- Method review (FIFO, LIFO, Weighted Avg.)
- GST and tax-linked valuation review
- Check of inventory aging reports
03
Slow-moving / Non-moving Inventory Identification
- Stock categorization and liquidity analysis
- Red flag reporting for idle/dead stock
04
Process & Storage Review
- Inventory management practices
- Warehouse/storage condition check
- Damage, obsolescence, and shrinkage analysis
05
Bank-mandated Audits
- Drawing Power (DP) verification
- Limit utilization vs stock level review
- Reporting in prescribed formats
Industries We Serve
Manufacturing & Trading Companies
Retail Chains and Warehouses
Pharma & FMCG Distributors
Companies availing bank funding or overdraft limits
Textile and Apparel Units
Automotive Dealerships
Logistics and E-commerce
Why Prags Group?
- Experienced stock auditors & inventory analysts
- Detailed audit with real-time on-site/remote tools
- Reporting aligned with bank/RBI formats
- Strong coordination with finance & store departments
- Timely delivery of audit reports with practical insights
PRAGS GROUP
Why Prags Group?
- Experienced Team of CAs, internal auditors, and risk consultants
- Customized Solutions tailored to your industry and business size
- Confidentiality & Integrity at every stage of the audit
- Post-Audit Support to strengthen internal systems
- Technology-Oriented audit tools for better accuracy
Need a Stock Audit for Bank Compliance or Internal Review?
Prags Group ensures accurate inventory reporting and financial integrity.
Schedule your audit today with our expert team.
Address
D-91, Sector 27, Noida (UP)
Info@pragsgroup.com
Phone
+91 8447786363