Stock Audit (Inventory Audit)

Stock Audit is a process of taking out the physical verification of inventories available inside the stores, factories, and warehouses with the records maintained by the management. It is also known as Inventory Audit

Stock-Audit, Inventory-audit
Illustration of stock audit being carried out by the staff and the manager
Why organisation wants to carry out the Stock Audit?

That depends on various circumstances. For Example, Organisation which are involved in retail business often wants to check the consistency of the records with the physical count of the Stock.

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