Precision Audits for Business Integrity
At Lekshmi N Iyer & Associates, our Stock & Book Debt Audits help businesses and lenders assess inventory and receivables with accuracy. We evaluate the credibility of reported numbers, highlight mismatches, and ensure compliance with banking and internal reporting norms.
Supporting businesses with inventory and credit exposure
Physical Stock Verification – Actual count, quality, shelf life, and storage compliance
Inventory Valuation & Movement Review – FIFO/LIFO, WDV, and NRV-based assessment
Book Debt Validation – Aged receivables analysis, credit risk flagging, and debtor reconciliations
Bank Format Compliance – Reports structured as per lender-specific templates
Documentation Check – Invoices, purchase orders, stock registers, and dispatch notes
Includes management summary, red flags, ratios, and suggestions for tightening controls.
Why This Matters
Overstated inventory or receivables can affect funding decisions, compliance, and reputation. Our audits give banks and promoters a verified snapshot of on-ground business realities.
Verifying what's recorded vs. what’s real
Understanding Collateral or Loan Context
Identify scope of audit—stock, book debts, or both.Data Collection & Ledger Review
Review financials, inventory records, and debtors’ lists.Site Visits & Physical Verification
Match physical quantities and trace receivables with documentation.Control Check & Reconciliation
Highlight gaps, overstatements, or system weaknesses.Audit Report & Advisory Recommendations
Present actionable findings and control improvements.
Why Stock & Book Debt Audit Matters
Loan Approval or Renewal
Banks require certified stock and receivable audits before disbursing funds.
Working Capital Monitoring
Track what’s actually held or recoverable vs. what’s on the books.
Investors & Due Diligence
Support your valuation with strong asset verification.
Inventory Risk Management
Detect obsolescence, shrinkage, or pilferage early.
Stock & Book Debt Audit FAQs
Common questions about income tax, compliance, and litigation support in India.
Is this mandatory?
For bank funding or certain internal policies—yes. Many lenders now mandate it periodically.
Can you coordinate with our bank for formats?
Yes. We align our reports with your lender’s expectations and submission norms.
Will physical visits be required?
Yes, at least one round of physical verification is essential for audit integrity.
How long does the audit take?
Typically 5–10 working days depending on volume and documentation availability.
