Stock Audit
This query is : Resolved
17 January 2008
Dear Sir,
I would be obliged if you kindly provide me some information on "Stock Audit" conducted by CA Firms on behalf of Banks.
Thanks ad regards,
Shankar
I would be obliged if you kindly provide me some information on "Stock Audit" conducted by CA Firms on behalf of Banks.
Thanks ad regards,
Shankar
Devendra Mishra
(Expert)
19 January 2008
Dear Shankar,
Banks sometimes hire CA firms for stock audit of companies where these companies have taken loan anainst such stocl may be raw material or finished goods ar even against debtors.
While verifying, please see the monthly stoch statement provided in the bank by the company, take the latest one and match it with the records of the company.
Also check what records have been shown in excise with respect to excise.
You just need to verify, whether the information given by campany of stock is correct or not.
Banks sometimes hire CA firms for stock audit of companies where these companies have taken loan anainst such stocl may be raw material or finished goods ar even against debtors.
While verifying, please see the monthly stoch statement provided in the bank by the company, take the latest one and match it with the records of the company.
Also check what records have been shown in excise with respect to excise.
You just need to verify, whether the information given by campany of stock is correct or not.
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