AUDITS
We specialize in physical verification of assets, inventory verification, stock audits, store audits and mystery audits across all industry segments. We have more than 10 Lakh man-days experience in conducting audits and have PAN India Presence. Our experienced full-time auditing staff provide professional and personable service to ensure complete and accurate audit is conducted which consistently meets company own standard procedures and legal requirements.
Stock Audit
What are Store Audits?
Store audits check to ensure that financial records match a company’s Store records and that those records align with a physical Store count. As part of that physical count, employees go through every item in the warehouse, typically with the assistance of technology that adds up and records products on hand. Audits add another piece to this, bringing in a third party to confirm not only the quantity of Store but also its quality and condition — and identify any instances of theft, damage, or misplacement.
Why are Store Audits Required?
Stocks are the most valuable asset for any business and also highly susceptible to pilferage, damage, expiry, and wastage . The objective of a Stock Audit is to ensure the existence, accuracy, ownership rights and also verify the realizable value of the items inthe company’s Store. Accurate accounting of Store is also essential to a robust bookkeeping system and MIS reporting. Since the Store has a lot of movement during business days, the process of routine physical verification needs proper planning,resource mobilization and expertise.
Our team of experts can assist you in Store verification and provide more insights into your stock, along with a proper reconciliation of the existing stock records.Through our Store verification and valuation services, we identify the excess/shortage of materials in stock and identify the old/damaged materials in Store. It helps the management to reduce wastage and losses arising due to damage or obsolescence stock.
Which Companies are Required to do Store Audit?
The Companies (Auditor’s Report) Order, 2016 (CARO 2016) also requires auditors to comment on “Whether physical verification of Store has been conducted at reasonable intervals by the management and whether any material discrepancies were noticed and if so, whether they have been properly dealt with in the books of account”. Companies into manufacturing of any type of Store must get their Store periodically verified. Also, Companies having multiple distributors and retail outlets, must ascertain checks at all levels to know discrepancies if any.
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Telecom Network Audit
We have been working with all major OEM’s for measuring and assessing the coverage, capacity and Quality of Service (QoS) of a mobile radio access network (RAN) . We have more than 5 years of experience in Drive Test PAN india.
Information Security Audit
We perform Information Security related assessments and audits in domains including Networking and Infrastructure. Our services inludes:
- Information Systems Audit
- Design & Review of Network
- Information Security and Risk Management
- Data Security Assessments
Mystery Audit
Mystery Audit or Mystery Shopping is the process of reviewing a product or a place, like bank, commercial store, retail mall, hotel, restaurant, etc., by posing as a consumer or a customer. Mystery audit is conducted by companies to measure the quality of service, or compliance with regulation, or to gather specific information about their offerings.
Why are Mystery Audits Important?
The Mystery Shopping program ensures that all the benchmark is met, and it also monitors the consistency between locations. For Example: If a customer receives excellent service in one of the stores, he should receive the same level of service in other stores.
Eminence Softech Pvt Ltd compiles and analyzes data gathered from different locations to help their clients measure and improve their customer experience. Our Service benefits are:
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- Our Mystery audit program helps to improve operational issues and service delivery statement plus maintain higher track record
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- Retail Scan help to benchmark internal standards against those of competition
- Identify non-compliant areas
- Evaluate efficacy of training programs
- Monitor service delivery standards