WHY?

The stock discrepancies, the delayed actualization of stocks records and the ineffective administration of the warehouse generate major losses of:

Money – materials that already exist are being bought again; penalties are being paid to the state after random inspections; the supply process isn’t taking place effectively; the budget administration isn’t efficient; cutting down the costs is difficult without having a real picture of the consumptions or sales analysis.
Time – not being certain of the stock accuracy physically counts and checking are required upon the existence of every material – several hours per week are being wasted, which add up to a huge number of hours if it’s considered a whole year.

The inventory discrepancies have a direct impact on the company’s financial results. At the inventory, pluses have to be registered and minuses have to be charged. The inventory plusses are being accounted as taxable incomes and minuses as tax non deductible expenses.

Why an inventory using external auditors?
Legal inventory procedures have a characteristic feature: pluses have to be registered and minuses have to be charged! If the inventory is done by somebody from the inside, one of the warehouse legal administrator’s colleague, there is a high risk of not declaring the minuses. Therefore our experience tells us that an accurate inventory process, out which the management wishes a guarantied valid image of the stocks, requires an external auditor.

Our business is to make things happen.