J P Chawla & Co. LLP

Ready to Take the Next Step?

We’re eager to work with you on your journey to growth and business success.

What we have found most pleasing in our relationship, is the team constant effort of offering us the opportunity to save time, plus your team awareness in the changes that constantly take place where taxes are concerned. Also, your team is always happy to assist us when we have a problem or need assistance. We feel very comfortable when dealing with your team and see our relationship widening as our business grows.

Pipeline Inspection
Germany & Netherlands

Inventory Verification

Inventory Verification

Inventory verification services are essential for businesses to ensure the accuracy of their stock records. These services involve a comprehensive assessment of a company’s inventory, including physical counts, reconciliation with recorded data, and evaluation of inventory control systems. The goal is to identify discrepancies such as overstocking, understocking, obsolete items, or pilferage.

Accurate inventory records are crucial for financial reporting, tax compliance, and effective supply chain management. Inventory verification services also help prevent revenue loss, improve order fulfillment, and enhance overall operational efficiency. In an era of complex supply chains and heightened competition, these services are indispensable for maintaining transparency and making informed business decisions. 

Need for Inventory Verification

Inventory verification is vital for accurate control. Through audits, we ensure physical inventory matches recorded data, uncovering discrepancies like overstocking or pilferage. This prevents financial losses and enhances efficiency. Accurate inventory records are essential for reporting, compliance, and strategic decision-making. In today’s complex business landscape, with intricate supply chains and global markets, inventory verification is invaluable for ensuring transparency, minimizing risks, and optimizing a company’s overall performance.

Inventory Verification Service | JPC & Co.
Ready to Take the Next Step?

We’re eager to work with you on your journey to growth and business success.

Our Inventory Verification Process

Our Inventory Verification Process

Physical Count

On-site physical examination of stocks to validate quantities.

Valuation Assessment

Analysis of inventory values using FIFO, LIFO, or Weighted Average methods, based on business model & accounting standards.

Document Cross-checking

We match physical stock against purchase records, sales orders, and recorded inventory levels.

Wastage Analysis

We assist in Identifying patterns of loss, be it through damage, theft, or other inefficiencies.


We Offer insights into improving Inventory management, reducing holding costs, and enhancing inventory turnover.

How We Deliver Inventory Verification Services

How We Deliver Inventory Verification Services

Deep Industry Knowledge

Our team understands the intricacies of various business sectors, ensuring a tailored approach to each inventory audit.  

Technological Solutions

Leveraging the latest tools, we offer barcode scanning, RFID tracking, and advanced data analytics for thorough inventory verification.  

Detailed Analysis

Beyond sheer numbers, we delve into inventory turnover rates, aging stock, and warehousing efficiency etc.  

Transparent Reporting

We assist in detailed, actionable reports that spotlight discrepancies, provide valuation insights, and suggest optimization strategies.  

Time Bound Services

We help in timely closure of Inventory verification engagement, enabling you to make appropriate decision timely. 

Ready to get started? Contact us!

Inventory verification is essential for M&A, due diligence, compliance, and restructuring. Our services include inventory checks, valuation, and automation.