Independent audit of inventory processes
Even a well-executed inventory can contain errors if the process is not properly set up or monitored. An inventory audit provides an independent third-party perspective on the entire inventory process — from preparation through execution to evaluation of results.
Our auditors verify that inventory procedures comply with internal policies and legislative requirements. We identify weaknesses in the process and propose specific measures to address them, ensuring greater accuracy of future inventories.
Why choose us?
- Objective verification of inventory processes by an independent third party
- Identification of weaknesses and process shortcomings
- Ensuring compliance with legislation and accounting standards
- Specific recommendations for improving inventory procedures
- Increased credibility of inventory results
- Support in preparing for external audits
- Experienced team of auditors with knowledge of Czech legislation
- Detailed report with findings and recommendations
Frequently asked questions
What is the difference between an inventory and an inventory audit?
An inventory is the actual process of counting stock or assets. An inventory audit is an independent verification that the inventory was carried out correctly, reviewing the entire inventory process.
Who should perform an inventory audit?
An inventory audit should be performed by an independent third party not involved in the regular inventory process. This ensures the objectivity of the results.
How often should an inventory audit be carried out?
We recommend carrying out an inventory audit at least once a year, ideally in connection with the annual financial statements. For larger operations, more frequent audits can be beneficial.
Why have an inventory audit done externally?
An external audit ensures independence and objectivity of results. Internal reviews can be influenced by established procedures or workplace relationships.