Store Audit Services in Delhi | Stores & Inventory Control Audit

In a Nutshell: Find Out Where the Material Goes

A store audit looks inside the storeroom: how material comes in, how it goes out, who authorises it, and whether consumption makes sense against what was produced or served. Startup Advisory audits stores for manufacturers, warehouses, hotels and restaurants, hospitals and construction sites, where inventory leakage quietly eats margin.

Receipts: GRN against PO and invoice, quality inspection, rejections and returns to vendor.
Issues: authorised indents, issue slips, returns to store, and FIFO or FEFO followed in practice.
Consumption: actual vs standard consumption per unit produced, meal served or project milestone.
Stock health: min-max and reorder levels, slow-moving, non-moving, expired and scrap items.
Physical vs book: count and reconciliation of the stores ledger to physical stock and the financial books.
Provider: Startup Advisory, CA firm in Saket, New Delhi 110030. Call 9311972982.

Reviewed by CA Neeraj Rohilla, FCA — Chartered Accountant, Startup Advisory, Saket, New Delhi.

The Storeroom Is Where Profit Turns Into Paperwork

A restaurant whose food cost runs four points above its recipe cards, a factory whose consumables bill grows faster than output, a construction site that orders cement twice — the problem is rarely visible in the P&L until it is large. A store audit traces material from the gate to the point of use and tells you where the gap opens.

What a store audit covers

Inward controls: gate entry, goods received notes, quantity and quality inspection, short and excess supplies, and the posting of receipts into the stores ledger on the same day.
Outward controls: indents approved by the right person, issue slips matched to the ledger, material returned unused, inter-store transfers.
Consumption analysis: actual consumption compared with bills of material, recipe standards or project estimates; variances explained.
Inventory levels: minimum, maximum and reorder levels set and reviewed; stock-outs and overstocking.
Ageing and obsolescence: slow-moving, non-moving, near-expiry and expired items; scrap generation, storage and sale.
Physical security: access to stores, CCTV, key control, weighbridge records where relevant.
System controls: who can create items, edit quantities or post adjustments in your ERP or inventory software.
Reconciliation: physical count to stores ledger to financial books, with adjustments supported and approved.

Store audit, stock audit and inventory verification — the difference

	Store audit	Stock audit	Inventory verification for CARO
Commissioned by	Management	Lending bank	Management (reviewed by statutory auditor)
Focus	Controls, consumption and leakage	Existence and value supporting drawing power	Physical verification at reasonable intervals
Output	Control findings and savings	Bank-format report, drawing power	Count records; discrepancies of 10% or more per class reported under CARO 3(ii)(a)

If your bank is asking for a stock audit, see our stock audit services. A store audit often runs as a focus area inside a wider internal audit.

Related Audit & Assurance Services

Stock Audit →Bank-mandated stock audits for working capital borrowers — physical verification, valuation, ageing and drawing power.

Internal Audit →Risk-based internal audit under Section 138 — process reviews, control testing and quarterly reports to the board or audit committee.

Asset Verification & Tagging →Physical verification of every asset, barcode/QR tagging and a fixed asset register reconciled to the ground.

Investigation Audit →Forensic and investigation audits into suspected fraud, misappropriation and disputes — evidence-grade, confidential.

See all audit & assurance services

Frequently Asked Questions

A store audit is a review of how stores and inventory are received, held, issued and consumed, and whether the controls around them work. It covers physical verification, documentation, authorisation, consumption against standards and the reconciliation of physical stock with the books.

A stock audit is usually ordered by a bank to verify the stock and receivables that back a working capital limit. A store audit is a management tool focused on controls, consumption and leakage. They use similar counting procedures but ask different questions.

Businesses with high material content or many small, portable items: manufacturers, hotels and restaurants, hospitals and pharmacies, construction and infrastructure sites, and warehouses or distributors.

Clause 3(ii)(a) of CARO 2020 requires the statutory auditor to report whether management has physically verified inventory at reasonable intervals, whether the coverage and procedure are appropriate, and whether discrepancies of 10% or more in aggregate for each class of inventory were noticed and properly dealt with in the books.

High-value or high-pilferage stores benefit from quarterly reviews; others annually. Surprise counts between scheduled audits are one of the most effective deterrents.

It depends on the number of stores, items and locations. We scope it on a call and quote a fixed fee before starting. Call 9311972982.

Our Testimonials

Vishal Singh

Best CA service. He provided the best solution at the last moment. Thanks for your service.

Ajay Philip

It was wonderful to work with KNAP. Good knowledge on taxation with prompt response.

Pranshu Gaur

Had a great experience working with Neeraj for my income tax filing. Would definitely recommend him to friends and family.

Ravish Mehta

KNAP was professional in all their dealings with us. Their processes were extremely clear and easy to understand. The project team associated with us kept us in loop on daily basis. Overall it was a good experience with them.

Mohit Aggarwal

I recently used KNAP ADVISORY for assistance with company registration and compliance, and I must say, I am thoroughly impressed with their service. From start to finish, they demonstrated a high level of professionalism and expertise that exceeded my expectations.

Sanjeev Sharma

Your professional team has shown outstanding dedication and merit recognition.

Realtoadvisors

Excellent very prompt service. Well experienced team members. Trusted company, we would like to recommend KNAP ADVISORY if you have any type of corporate registration, they serve client's from Pan India every states & best part the service charge is very reasonable.

Sakshi Gupta

I am extremely delighted by the quick service of KNAP advisory team . They assisted me in the registration of my company within a short span of time. Not only this, they took care of every little thing which is required after the registration as well. Their professionalism, quick service and punctuality has amazed me. My experience with KNAP has been captivating and mesmerising. I would like to express my gratitude to Mr. Vipin and Mr. Neeraj who have taken care of every thing in this process.

Rudranath Trip

Knap Advisory's personalized approach sets them apart in the realm of CA consulting. Their team not only possesses a strong grasp of accounting principles but also goes the extra mile to understand the intricacies of your business. I appreciated their attention to detail, which translated into accurate financial analysis and strategic advice. The efficiency and transparency displayed throughout our interactions solidify Knap Advisory as a trustworthy partner for navigating complex financial landscapes.

Yash Rohilla

Knap Advisory is a standout CA consulting firm that impressed me with their expertise and commitment. Their team demonstrated in-depth knowledge of tax regulations and provided tailored solutions for my business. Timely responses and clear communication made the collaboration seamless. I highly recommend Knap Advisory for their professionalism and reliable financial guidance.

Sandro Cottus

Knap Advisory provides best service in their domain.

Azan Hosein Photography

Awsum and fast service and the company and the employes are very Co-operative excellent service regarding company registration and enrolment.

Neetu Yadav

What sets Knap Advisory apart is their dedication to delivering exceptional client service. The team was highly professional, responsive, and always available to address my questions and concerns. They fostered a collaborative and communicative environment, making me feel valued as a client and ensuring that my specific needs were met.