Stock Count & Fixed Asset Verification
Inventory and fixed assets are often the largest figures on the balance sheet, and the areas auditors test most closely. Stock that cannot be found, assets that were sold years ago and registers that do not match the ledger all lead to adjustments and delays.
We plan and run your year-end stock count, verify and tag your fixed assets, and reconcile everything back to the accounts so the figures your auditor sees are complete and supportable.
What's included
Who it's for
- Trading and retail businesses holding stock
- Manufacturers with raw materials and finished goods
- Companies with many assets across sites
- Businesses whose auditor raised stock or asset findings
How it works
Plan
We agree the count date, locations and procedures.
Count
We carry out or supervise the counts and asset checks.
Reconcile
We compare results with your records and explain differences.
Adjust
We post agreed adjustments and update your registers.
Frequently asked questions
Yes. Auditors often attend year-end counts to observe them. We plan the count so it can run alongside their attendance.
At least once a year for most businesses, and whenever assets are moved between sites or a major disposal takes place.