Physical Verification of assests and stock
Various ingredients of stock require a scientific method for their valuation. The valuation of stock has to be compliant with Cost Accounting Standards issued by The Institute of Cost Accountants of India and the Accounting Standards issued by ICAI. The financial institutions, Banks are also concerned about the stock valuation for the obvious reasons. The entity has also to frame its own policies which need to be followed consistently. The expert advice is provided and stock value is certified as an outcome of this assignment which is acceptable to various authorities including Taxation.