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Oh no, it’s stocktaking time again!
Assurance Oh no, it’s stocktaking time again!
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
Meelika Mülla
| 4 min read | 30 Oct 2025
Stock-taking helps prevent and detect fraud
Assurance Stock-taking helps prevent and detect fraud
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
Meelika Mülla
| 28 Oct 2019
Some guidelines for stock-taking
Assurance Some guidelines for stock-taking
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
Meelika Mülla
| 14 Oct 2019