Stock Audit Services in Dubai
Stock Audit Services in Dubai
Stock Audit Services in Dubai will help to monitor, protect and supervise your stock. Stock audit services are also known as inventory verification services. The objective of the stock audit is to prove the accuracy, existence, and ownership rights and ensure the value of the items in the Company’s inventory.
Stock audit needs proper planning, resources, and expertise. Our stock auditors can help you to conduct the verification of inventory and give more clear and deeper insights into your stock along with a proper reconciliation of existing stock records. Xact Auditing is one of the leading audit firms in Dubai, UAE.
Stock Audit Services
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.
Since the inventory has many movements on business days, the process of routine physical verification becomes a difficult task for any organization. It needs proper planning, resource mobilization, and expertise.
Inventory Verification Services
Our team of stock auditors is well experienced to conduct a stock audit from a small volume stock to a large volume stock. Xact Auditing is providing the best stock audit services in Dubai that give more awareness and intuition into your stock along with a proper reconciliation of stock accounts. Inventory verification ensures the accuracy and correctness of inventory.
Scope of Stock Audit Services – Inventory Verification
Organizations are usually taking stock audit services on a semi-yearly or yearly basis. The stock audit will assure that the physical stock or inventory is conforming with the stock book. Our stock audit services will ensure an excess of materials in the stock as well as a shortage of materials in the stock.
Inventory verification will also identify the expired, old, or damaged material from the inventory. Stock audit assists the management to control and have more insights regarding the inventory and this will lead to the reduction of losses and wastage arising due to damage or fraud.
Xact Auditing is covering all the aspects of stock audit in Dubai, such as:
- Stock accounting
- Stock reconciliation
- Reporting of the physical status of stock
- Valuation of stock
- Evaluation of stock
- Inventory coding
- Inventory categorization
Audit Services in Dubai
Xact Auditing is offering the best audit services in Dubai that includes: