Get Your Free Financial Consultation Today 

Inventory Verification


Inventory Verification helps the company reduce the loss of inventory to a great extent, providing assurance to the management that the inventory reflected in the financials are reliable. Inventory is the most valuable asset of any company and is most susceptible to pilferage, fraud, wastage, or damage.

As per International Accounting Standards (IAS 2), inventories are the asset held for sale in the ordinary course of the business, In the process of production for resale, and in the form of materials or supplies to be consumed in the production process or the rendering of services. As per lAS 2. Inventories are measured or valued at a lower cost or net realizable value.

IAAS inventory Verification Services in the UAE are provided by Emirates Chartered Accountants Group by conducting verification of inventory with proper planning and expertise, thus validating the existence and location of the various inventory possessed by a company. Our Inventory verification service in the UAE includes the following:

* A physical count of the inventory based on different SKUs
* Marking the physically verified stock
* Identifying obsolete and damaged stock
* Ensuring supporting documents are maintained for each of the stock items available
* Identify the variances as per the inventory reflected in books

Accounting & Bookkeeping

IAAS is one of the leading accounting companies in Dubai that offers robust, reliable, and efficient accounting services across the UAE. We are a team of....

Financial Reporting

In today’s complex and ever-evolving business environment, accurate financial reporting is crucial for organizations to make informed decisions, comply with....
Accounting Supervision in Dubai UAE

Accounting Supervision

IAAS offers accounting supervision services to ensure the accuracy and integrity of your financial records. Our experienced....

Backlog Accounting

When a company falls behind on its accounting tasks, it can create a significant backlog that hampers financial visibility and decision-making. IAAS offers specialized....

Accounting for Startup’s

For startups, managing financial operations effectively is crucial for sustainable growth. IAAS offers specialized accounting....
Payroll-Services-in-Dubai-UAE

Payroll

For any newly founded company, managing employee payroll can be a big challenge. This becomes more pronounced when the founders and senior leadership teams are....

Fixed Asset Management

Fixed Assets are the investment made by a Company in a tangible form, which is used for its operations to generate revenue. In manufacturing companies, fixed assets....