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Stock & Book Debt Audit
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Stock & Book Debt Audit – Book Max Consultancy, Bangalore
Efficient management of inventory and receivables is crucial for every growing business. To maintain transparency, ensure financial accuracy, and strengthen internal control, Stock and Book Debt Audits play a vital role. These audits help verify physical inventory, assess receivable values, and ensure compliance with accounting and banking standards.
At Book Max Consultancy, Bangalore, we offer comprehensive Stock and Book Debt Audit services for businesses across industries. Our experienced chartered accountants and audit professionals provide accurate, reliable, and bank-compliant audits to help your business maintain financial discipline and credibility.
What is a Stock & Book Debt Audit?
A Stock Audit (or Inventory Audit) is a detailed verification of a company’s physical stock and inventory records to ensure consistency with its books of accounts. It validates the existence, valuation, and accuracy of stock items such as raw materials, work-in-progress, and finished goods.
A Book Debt Audit focuses on accounts receivable (debtors) — verifying balances, aging, recoverability, and proper classification in the balance sheet.
These audits are typically required by:
• Banks and Financial Institutions – to monitor loans and working capital utilization
• Company Management – for internal control and valuation accuracy
• Investors & Stakeholders – for independent assurance of financial integrity
Book Max Consultancy, Bangalore, offers comprehensive support for both Stock Audit and Book Debt Audit, ensuring transparency and compliance with accounting and banking regulations.
Scope of Stock and Book Debt Audit
- Legal compliance with the Maharashtra Professional Tax laws
- Avoidance of penalties and legal issues for non-registration
- Enables a smooth employee payroll and tax deduction process
- Builds credibility and trust for your business
Stock Audit Scope
• Physical verification of stock at warehouses, factories, or retail outlets
• Reconciliation between physical and book stock
• Valuation of raw materials, WIP (Work in Progress), and finished goods
• Identification of non-moving, slow-moving, and obsolete inventory
• Review of internal controls and stock accounting systems
• Verification of insurance coverage for stock and goods
Book Debt Audit Scope
• Verification of accounts receivable ledgers and debtor balances
• Detailed aging analysis and recovery tracking
• Balance confirmation from key customers/debtors
• Identification of doubtful and bad debts
• Evaluation of internal collection and follow-up processes
• Compliance review with bank and RBI audit requirements
Why Stock & Book Debt Audits Are Important
- Ensures the accuracy of inventory and receivables in financial statements
- Helps banks and NBFCs monitor loan security and working capital
- Detects discrepancies, fraud, or irregularities early
- Provides independent assurance of asset valuation
- Improves internal control and operational efficiency
- Builds financial transparency and stakeholder confidence
Why Choose Book Max Consultancy, Bangalore?
- Experienced Audit Professionals: Skilled chartered accountants with deep audit and compliance expertise
- Comprehensive Audit Coverage: Stock verification, receivables review, and internal control assessment
- Industry-Specific Expertise: Serving clients across manufacturing, trading, logistics, and retail sectors
- Custom-Tailored Audit Solutions: Designed as per industry type, bank formats, and audit objectives
- End-to-End Audit Support: From physical verification to final audit report submission
At Book Max Consultancy, we ensure your Stock and Book Debt Audit in Bangalore is conducted with precision, professionalism, and compliance — meeting statutory, managerial, and banking requirements.
Frequently Asked Questions (FAQs)
A Stock Audit ensures that physical stock matches the company’s books, helping detect misstatements, wastage, or mismanagement.
Typically required by banks, NBFCs, and companies with large inventories or receivables for loan monitoring and internal control.
It can be done quarterly, half-yearly, or annually — depending on the bank’s or company’s policy.
Verification of debtors’ balances, aging analysis, and evaluation of the recovery status of outstanding receivables.
While not always mandatory, it’s compulsory for entities availing credit facilities against inventory or book debts.
Yes. Book Max Consultancy, Bangalore, specializes in bank-mandated Stock and Book Debt Audits, delivering reports compliant with RBI and individual bank formats.