stock audit report

As to my Knowledge for the stock Audit Report,

1) You have to keep the Appointment letter with you whom you are assigned stock Audit

2) You have to verify the Quaterly Stock statement.

3) You have to verify the Recent stock in the godown with the stock statement provided

4) You have to check the policy of the valuation of stock by the company
( Fifo etc).

5) Check the rate of the stock kept in the godown with the previous rate in the stock statement.

And many more thing has to be done,