Oh no, it’s stocktaking time again!

Assurance

Stocktaking is far more than an accounting chore. When done thoughtfully, it becomes an effective tool for control, accuracy, and fraud prevention — and can be managed far more efficiently.

Meelika Mülla
| 4 min read | 30 Oct 2025

Stock-taking helps prevent and detect fraud

Assurance

A stock-taking or physical inventory performed in a quality manner gives the heads of all units in a company assurance that financial statements and databases present a true and fair view of assets and inventories in stock. Periodic stock-taking is also quite effective for preventing fraud.

Meelika Mülla
| 28 Oct 2019

Some guidelines for stock-taking

Assurance

Stock-taking quality depends on preparation for and performing of the physical inventory. In the following, I will provide an overview of what to devote attention to while performing it.

Meelika Mülla
| 14 Oct 2019