Inventory is among the most material balance sheet items for trading, manufacturing, retail and distribution businesses, and among the most frequently misstated. In the UAE, where businesses often hold stock across multiple warehouses, free zones and bonded facilities, the challenges of maintaining accurate inventory records are compounded by high staff turnover, manual stock management processes and the complexity of multi-currency, multi-supplier procurement.
CashLaw Global conducts stock audits and physical inventory verifications across all business types and storage configurations, from single-location retail operations to multi-warehouse distribution businesses with complex inventory management systems. Our teams perform physical counts, system reconciliations and valuation reviews, identifying discrepancies between book stock and physical stock, assessing the adequacy of slow-moving and obsolete stock provisions, and reviewing the integrity of weighted average cost or FIFO valuation methodologies.
Book a free consultation with our team and get expert guidance on stock audit & verification in the UAE.
Book Free ConsultationBoth the FTA and statutory auditors require that the inventory valuation on your balance sheet reflects actual, physically verifiable stock. Discrepancies between physical inventory and ERP logs can lead to the rejection of expense deductions or create unexpected VAT liabilities for undocumented inventory shrinkage.
While standard companies conduct full physical counts annually, businesses with high inventory turns or multi-warehouse footprints (like manufacturing, trading, and logistics firms) should implement monthly or quarterly cyclic stock audits to minimize variances.
Our process includes complete physical count supervision, random sample testing, identification of slow-moving or obsolete inventory items, verification of goods-in-transit, and precise reconciliation against your general ledger software records.