Physical Verification
Whether it’s assets, inventory, or cash—physical verification is essential for maintaining financial accuracy and operational credibility. we offer professional physical verification services tailored for businesses, NGOs, educational institutions, and industrial units.
Ensure accuracy, detect discrepancies, and strengthen your internal controls with independent physical verification of assets, inventory, and stock.
Our experienced team conducts independent, on-site verification of fixed assets, inventories, and consumables, delivering clean, tamper-proof reports that help you track usage, detect fraud, and comply with internal audit or statutory requirements.
We ensure your financial records match the ground reality backed by clear documentation, tagging, and digital reconciliation.
A structured, insightful process designed to deliver more than just compliance.
01.
Scope Planning & Asset Mapping
We begin by understanding your business type, asset categories, locations, and reporting expectations. Our team prepares a custom verification plan defining the scope (assets, inventory, documents, or cash), audit trail checkpoints, and reporting timelines.
02.
On-Site Physical Verification
Our trained team conducts ground-level inspection across all designated locations. Each asset or inventory item is physically identified, counted, and tagged (if applicable). Discreet, efficient, and minimally disruptive to daily operations.
03.
Record Reconciliation
We reconcile physical items with your accounting records, fixed asset register, ERP data, or manual inventory lists. Mismatches, missing assets, or unrecorded stock are flagged. We also note idle, scrap, or relocated items.
04.
Variance & Exception Reporting
We prepare a variance report that categorizes items into: matched, not found, found but unrecorded, or obsolete. Each item includes location codes, quantities, and exception remarks. Photo evidence is attached for sensitive findings.
05.
Review & Internal Coordination
We submit a draft report and hold a management discussion to verify disputed or sensitive items. Final clarifications are recorded, and missing documents (e.g., purchase bills, disposal memos) are integrated post-verification.
06.
Final Reporting with Recommendations
We submit a final signed report that includes audit trail sheets, discrepancy analysis, tagged/unverified asset lists, and suggestions for improving your asset management system such as digitized tagging, scrap handling, or SOP revisions.
Digital-Backed Accuracy in Physical Checks
We blend manual inspection with smart tagging and tracking tools for a modern, verifiable audit process.
Frequently Asked Questions
Get clear answers to common queries about our audit process, timelines, compliance, and how we help your business stay financially sound.
Why is physical verification required if books are updated?
What types of assets or stock can you verify?
How often should physical verification be conducted?
Can you work with our internal audit team?
What format will the final report be in?
Didn’t Find the Answer? Ask us Questions
Call us directly, submit a sample or email us!