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INVENTORY INTEGRITY

Service Overview

Risk Advisory Physical Stock Verification

A physical stock verification (PSV) is a structured, independent verification of physical inventory against book records as part of internal risk management. We carry out physical verification of goods and evaluate current storage safety.

Service Insight

Protecting Your Largest Asset

Inventory is often the largest asset on a company's balance sheet. Our physical stock verification engagements ensure that the stock listed in your books actually exists, is stored safely, and is accurately valued. We utilize scientific sampling methods and rigorous counting protocols to provide a definitive verification report.

Accurate Inventory Valuation ICAI Standards Aligned

In the Field

Our Verification Process

From the warehouse floor to your balance sheet.

Warehouse Walkthrough

Our teams physically visit your warehouses, godowns, and manufacturing floors to visually audit the inventory present.

Count & Reconcile

We use handheld scanners and manual counting techniques to verify quantities, cross-referencing them with your ERP/inventory systems in real-time.

Storage Evaluation

Beyond counting, we assess the physical safety, cleanliness, and environmental conditions of your storage facilities.

Common Pitfalls

Inventory Challenges We Solve

Stock Shrinkage

Unaccounted inventory loss due to theft, spoilage, or administrative errors. We identify the root cause of shrinkages.

Book-Value Discrepancies

Inventory values in your software do not match physical reality, distorting your financial health.

Sub-standard Storage

Poor warehouse conditions lead to damaged goods and product returns. We identify safety hazards and recommend corrections.

Our Advantage

Why Parikh & Associates?

Unbiased Verification

We act as an independent third party, providing a completely neutral and impartial assessment of your inventory.

Technology-Assisted Counting

We utilize barcode scanning and digital data entry to eliminate manual counting errors.

Comprehensive Reports

Our final deliverable includes stock variance analysis, aging reports, and actionable safety recommendations.

Our Modern Methodology

How We Deliver High-Impact Audits

01

Pre-Count Planning

Define sampling strategies and scheduling to minimize disruption to your operations.

02

In-Person Counting

Dual-check counting processes with digital recording of real-time inventory levels.

03

ERP Reconciliation

Immediately compare physical counts with your digital book records to identify gaps.

04

Reporting & Valuation

Provide a variance report and assess the fair market value of obsolete or damaged stock.

Industries We Empower

Our audit frameworks are industry-agnostic yet sector-specific, tailored to mitigate niche risks across diverse verticals.

Ready to verify your inventory?

Ensure your stock records are accurate and your assets are protected.

Schedule a Consultation