The Classic Partners LLP
Inventory Stock Audit
Detailed inventory counting, valuation, and reconciliation to keep your stock records accurate and reliable. Ideal for year-end closing, lender requirements, and internal control.
Book an Inventory AuditWhat is an Inventory Stock Audit?
An inventory stock audit is a detailed examination of the quantity, condition, and valuation of all inventory items, reconciled against the company's stock ledger and financial records.
It is essential for accurate financial statements, identifying shrinkage or obsolescence, and supporting working-capital finance. We tailor the count to your inventory type, whether raw material, work-in-progress, or finished goods.
Who Needs Inventory Stock Audit?
- Manufacturers tracking raw material, WIP, and finished goods.
- Retailers and traders with large SKU counts.
- Businesses preparing for year-end financial close.
- Companies investigating stock differences or shrinkage.
Our Inventory Stock Audit Services
Item-Wise Counting
Accurate physical counting down to SKU level.
Valuation Verification
Review of cost, NRV, and valuation policy.
Discrepancy Analysis
Identifying and explaining book-to-physical differences.
Obsolescence Review
Flagging slow-moving, damaged, or expired stock.
Ledger Reconciliation
Matching counts to the inventory and financial ledgers.
Process Recommendations
Practical steps to improve inventory accuracy.
Why Choose The Classic Partners
- Qualified Chartered Accountants with hands-on audit and assurance experience.
- End-to-end support — from documentation and verification to final reporting.
- Timely delivery so you meet statutory and lender deadlines without stress.
- Transparent fees and a single dedicated point of contact.
Frequently Asked Questions
What is the difference between a stock audit and an inventory audit?
They overlap heavily. A stock audit often focuses on lender verification, while an inventory audit is a broader, item-level review of quantity, condition, and valuation across the business.
How do you handle high SKU counts?
We use systematic counting, sampling where appropriate, and reconciliation tools to verify large inventories accurately while keeping the exercise efficient.
Can you detect stock shrinkage?
Yes. By reconciling physical counts with book records, we identify shrinkage, pilferage, recording errors, and obsolete stock that needs write-off.
When is the best time for an inventory audit?
Year-end or period-end is common for financial reporting, but audits can be scheduled any time, especially before finalising accounts or seeking finance.
Do you provide a valuation opinion?
We review the valuation method and flag issues, supporting management's valuation in line with applicable accounting standards.
Need an accurate Inventory Audit?
Keep your stock records reliable with a detailed, independent inventory audit.
Contact Us