🇮🇳India

स्टॉक आडिट त्रुटि लागत (Stock Audit Error Costs)

1 verified sources

Definition

Errors in cycle counting lead to audit failures, requiring manual reconciliation of physical vs. system inventory, especially impacting GST-compliant stock valuation.

Key Findings

  • Financial Impact: ₹20,000-1,00,000 per annual audit in reconciliation labor; plus 1-2% inventory adjustment write-offs
  • Frequency: Annual statutory audit + periodic cycle counts
  • Root Cause: Counting inaccuracies, no real-time sync, manual entry errors

Why This Matters

The Pitch: Hardware wholesalers lose ₹50,000+ annually on audit discrepancies. Automated verification ensures 100% counting accuracy and compliance.

Affected Stakeholders

Internal Auditor, Finance Team, Compliance Officer

Deep Analysis (Premium)

Financial Impact

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Current Workarounds

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Methodology & Sources

Data collected via OSINT from regulatory filings, industry audits, and verified case studies.

Evidence Sources:

Related Business Risks

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