Benefits of Inventory Audit Services in UAE
Detects Stock Discrepancies Early – By comparing physical stock counts with accounting records, our audits identify missing items, duplicate entries, or errors. Also, Early detection prevents small issues from becoming large financial losses and helps reduce the chances of theft or manipulation.
Supports Accurate Financial Reporting – Inventory is a key line item on your balance sheet and directly affects your cost of sales, profitability, and overall financial position. In addition, With Inventory Audit Services in UAE, your books remain accurate, giving confidence to auditors, regulators, investors, and banks.
Improves Inventory Management – Audits often reveal slow‑moving stock, obsolete items, or overstocking. These insights help management refine procurement policies, improve warehousing efficiency, and optimise stock turnover, reducing unnecessary costs and freeing up working capital.
Facilitates Bank Loans & Trade Finance – Banks in the UAE frequently request attested or audited inventory reports before approving trade finance, overdrafts, or other credit facilities. However, Our detailed audit reports are recognised and accepted by major banks, supporting your financing needs.
Strengthens Internal Controls – An audit tests your existing stock controls, from goods receiving to storage and dispatch. Although, By identifying weaknesses, we recommend stronger procedures that reduce the chances of fraud, stock loss, or accounting errors.
Documents Required for Inventory Audit Services in UAE
Detailed Inventory Listings – A complete inventory register is the foundation of the audit. This includes listings broken down by SKU, batch, product category, storage location, and valuation method (FIFO, weighted average, etc.). These records allow auditors to cross‑check actual stock with recorded figures and ensure that values reflected in financial statements are accurate.
Stock Movement Reports – Movements in and out of inventory must be well documented. Reports showing goods received, issues to production or sales, stock transfers between locations, and any manual adjustments are required to trace changes and validate stock integrity throughout the audit period.
Purchase Orders, Supplier Invoices, and GRNs – Procurement records act as proof of how stock entered the business. Auditors request purchase orders, supplier invoices, and Goods Receipt Notes (GRNs) to confirm quantities, pricing, and authenticity of purchases. This helps ensure that all stock on hand has a clear source and is properly accounted for.
Sales Invoices and Delivery Notes – Sales documentation verifies stock movement to customers. Invoices, delivery notes, and dispatch records provide evidence that goods leaving the warehouse are accurately recorded, preventing revenue leakages or mismatches between books and actual inventory.
ERP or Warehouse Management System Reports – For businesses using digital systems, ERP or warehouse management system reports provide real‑time stock tracking and detailed logs. These reports give auditors greater visibility into inventory flow, highlight system controls, and reduce reliance on manual records.
Stock Count Policies & Manuals – Auditors often request written stock count procedures, inventory manuals, and cycle count policies. These documents reflect the company’s internal approach to controlling and safeguarding inventory. Strong policies show that management has effective systems in place to monitor stock regularly.
Historical Reconciliation Reports – Reconciliation records of past stock counts and adjustments demonstrate how discrepancies were resolved historically. These reports help auditors assess the consistency and reliability of the company’s inventory management practices over time.
Bin Cards or Manual Stock Registers – For companies without ERP systems, manual stock registers or bin cards serve as the primary evidence of stock levels. These documents track receipts, issues, and balances for each product, making them essential for small and medium‑sized enterprises during an inventory audit.
How We Deliver Inventory Audit Services in UAE
Physical Stock Verification – We conduct systematic physical counts of your goods across all warehouses, stores, or distribution centres. This verifies the actual existence of inventory and ensures that your accounting books reflect the truth.
Reconciliation & Variance Analysis – Once physical counts are complete, we compare them against your ledger balances. Any variances are carefully analysed to determine whether they result from recording errors, theft, wastage, or system weaknesses.
Evaluation of Inventory Controls – Our Inventory Audit Services in UAE go beyond counting items. We examine how stock is received, stored, moved, and dispatched. Weak areas are highlighted, and we recommend stronger policies to tighten control.
Reporting for Banks & External Auditors – We issue detailed audit reports in formats accepted by UAE banks, regulators, and external audit firms. These reports strengthen your position when applying for credit facilities or undergoing statutory audits.
Advisory on Stock Optimisation – Our involvement doesn’t stop at reporting. We provide recommendations on improving inventory turnover, reducing dead stock, and enhancing procurement practices. This helps you reduce carrying costs and improve cash flow.
