Stock Audit 360° – Master Concepts, Practice & Reporting

Day 1: Introduction & Fundamentals

“Stock Audit: Concepts, Process & Best Practices”

• Objectives of the Session
• Why Stock Audit is Important (Regulatory, Risk, Accuracy)
• Types of Stock Audit – Trading, Manufacturing, Warehousing, Retail
• Guidelines & Standards (Companies Act, ICAI Guidance Notes, etc.)  
• Documents Required (Purchase, Sales, GRN, Stock Registers, Valuation Sheets)
• Auditor’s Role & Responsibilities

Day 2: Process & Practical Techniques

“Practical Approach to Stock Audit”

• Stock Audit Process Flow (Planning → Execution → Reporting)
• Methods of Physical Verification (Full Count vs Sampling, Surprise Checks)
• Cut-off Procedures (Sales, Purchases, Goods in Transit)
• Valuation Methods (FIFO, Weighted Avg, Cost vs NRV)
• Identifying Stock Discrepancies & Fraud Indicators
• Use of Technology (Barcoding, RFID, ERP, Audit Software)
• Case Study Discussion – Common Errors in Stock Audit
• Q&A + Interactive Poll

Day 3: Advanced Insights & Reporting

“Stock Audit Reports & Career Opportunities”

• Common Challenges Faced During Stock Audit
•  Industry-Specific Insights (Retail, Pharma, FMCG, Jewelry, Steel, etc.)
• Drafting a Stock Audit Report – Structure & Contents
• Sample Report Format (Screenshots/Template)
• Best Practices for Professional Reporting
• Career Scope in Stock Audit & Consulting Opportunities
• Final Quiz / Case-Based Q&A
• Closing & Certificate Distribution