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Stock Audit Services in Dubai, UAE
A Stock Audit — also known as an Inventory Audit — is an independent, structured verification of a business's physical inventory against its accounting and stock management records. It confirms that the stock quantities, valuations, and locations recorded in your books accurately reflect what is actually present in your warehouse, store, or facility.
Stock audits are essential for businesses of all sizes — from retail chains and trading companies to manufacturers and logistics providers. They are also increasingly required by banks and lenders as part of working capital facility conditions, and by external auditors as part of the annual financial statement audit.
At GetMyAccounting, our stock audit specialists conduct thorough, independent inventory verifications across businesses in Dubai and across the UAE — delivering accurate results, actionable insights, and clear recommendations to improve your stock management.
Why Do Businesses Need a Professional Stock Audit?
What Our Stock Audit Service Covers
Our stock audit service is comprehensive — covering every dimension of inventory verification and management review to give you a complete and accurate picture of your stock position:
Physical Stock Count & Verification
A complete physical count of all inventory items — verified against stock records, bin cards, and system data to confirm quantities across all locations and storage areas.
Inventory Reconciliation
Systematic reconciliation of physical count results against accounting records, ERP data, and purchase/sales records — with clear identification and explanation of all variances found.
Stock Valuation Review
Independent review of inventory valuation methods — FIFO, weighted average, or specific identification — ensuring valuations are accurate, consistent, and compliant with IFRS standards.
Slow-Moving & Obsolete Stock Identification
Identifying slow-moving, expired, damaged, or obsolete inventory items — with recommendations on write-offs, provisions, and disposal strategies to clean up the balance sheet.
Warehouse & Storage Review
Assessment of warehouse organization, storage conditions, labelling, and handling procedures — identifying operational gaps that contribute to stock losses and inaccuracies.
Internal Controls Assessment
Reviewing the effectiveness of stock management controls — goods receipt, dispatch, cycle counting, and system access — with detailed recommendations for strengthening inventory governance.
Our Stock Audit Process — Step by Step
We follow a structured, proven stock audit methodology that ensures accurate results, minimal operational disruption, and actionable outcomes for your business:
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01
📋 Pre-Audit Planning & Scope Definition
We work with your team to define the audit scope — locations, product categories, and audit methodology — and prepare a detailed audit plan that minimizes disruption to your warehouse and operational teams.
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02
📁 Records & System Data Collection
We collect and review all relevant stock records — system reports, bin cards, purchase orders, goods receipt notes, and sales dispatch records — to establish the expected stock position before the physical count.
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03
🔢 Physical Stock Count
Our team conducts a thorough, systematic physical count of all inventory — recording actual quantities by SKU, location, and batch — using structured count sheets and independent verification procedures to ensure accuracy.
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04
🔄 Reconciliation & Variance Analysis
We reconcile physical count results against system records, investigate all variances — whether surpluses or shortfalls — and determine root causes, distinguishing between data entry errors, pilferage, damage, and process failures.
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05
💰 Valuation & Compliance Review
We review inventory valuations for accuracy and IFRS compliance — checking that costing methods are consistently applied, provisions for slow-moving or obsolete stock are adequate, and net realisable value assessments are current.
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06
📑 Audit Report & Recommendations
We deliver a comprehensive stock audit report covering count results, reconciliation findings, valuation review, internal control weaknesses, and prioritized recommendations — giving management a clear action plan to improve stock accuracy and controls.
Why Choose GetMyAccounting for Stock Audit?
- Independent and objective stock verification — our team conducts counts and reconciliations with complete independence, ensuring unbiased and reliable results.
- Experienced across all industries — we have conducted stock audits across retail, trading, manufacturing, F&B, healthcare, and logistics businesses throughout the UAE.
- Full inventory reconciliation — every variance is investigated, explained, and documented — giving you a complete and transparent picture of your stock position.
- Accurate stock valuation review — we ensure your inventory is correctly valued in line with IFRS and UAE Corporate Tax requirements, protecting you from financial statement misstatements.
- Actionable internal control recommendations — we don't just count stock; we identify the root causes of discrepancies and provide practical recommendations to prevent future losses.
- Bank and lender compliance — our stock audit reports are prepared to meet the standards required by UAE banks and financial institutions for working capital facility reviews.
- Minimal operational disruption — our structured planning and experienced team ensure the stock count is completed efficiently with the least possible impact on your warehouse operations.
Need a Stock Audit for Your Business?
Our inventory audit specialists are ready to verify, reconcile, and strengthen your stock controls.
Hear What Our Clients Say
*Trusted by Leaders, *Proven by Results
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Game-changing expertise, allowing us to focus on growth. Exceptional service, highly satisfied.
