This is the process of checking the inventory methods used by companies to record the inventory using the different analytical procedures to ensure that the proper record of the inventory is maintained in the book of accounts of the company and the same matches with the physical inventory count available.
In the inventory audit, different analytical procedures are used by our auditors appointed for such purpose to check the inventory methods used in the company for recording the inventory. This helps to maintain the accuracy of the inventory.
With the help of our inventory audit, your company may be able to find the spot causes of the shrinkage in the inventory if any exists. After identifying the reasons, we take corrective actions to avoid the same in the future.