Stock audits provide independent verification of inventory quantities and valuation — often required by banks for working capital limits, or by management to reconcile physical stock with books. PJRJ conducts stock audits for manufacturers, traders, retailers, and warehouse operators with procedures designed to detect shrinkage, obsolescence, and documentation gaps.
Who it's for
- Bank borrowers required to submit quarterly or annual stock audit reports
- Manufacturing units with raw material, WIP, and finished goods inventory
- Retail and wholesale businesses with high SKU volumes
- Companies experiencing recurring stock discrepancies or valuation disputes
Deliverables
- Physical verification of inventory at agreed locations and cut-off dates
- Reconciliation of physical counts with book records and GRN/issue registers
- Assessment of valuation method, ageing, and obsolescence provisions
- Identification of slow-moving, damaged, or uninsured stock
- Stock audit certificate/report in format acceptable to your lender
Our approach
- 1Agree audit scope, locations, and cut-off with management and the bank (if applicable)
- 2Review stock records, inward/outward documentation, and valuation policy
- 3Conduct physical verification with random and stratified sampling
- 4Investigate material variances and document explanations
- 5Issue report within agreed timelines for limit renewal or compliance
We understand lender reporting formats and the practical challenges of counting inventory in live business environments — our reports are thorough, defensible, and delivered on time.
Stock audits are routinely performed for clients across Delhi, Gurgaon, Faridabad, and industrial belts in North India, with teams mobilised for multi-warehouse counts.
Discuss your stock audit requirements
Speak directly with a PJRJ specialist — we respond within one business day.