Physical inventory count
Independent stock counts — year-end, periodic or cycle counts — counted against your records, with valuation checks (FIFO / weighted average) and slow-moving or obsolete stock flagged.
Accounting & Outsourcing
Inventory & Fixed Assets Verification in the UAE
An independent physical count of your stock and fixed assets — reconciled to your books, tagged for the future, and handed to your auditors as clean, evidenced numbers. IFRS-aligned and audit-ready, at a fixed fee agreed before we start.
Independent verification
IFRS-aligned (IAS 2 & 16)
Audit-ready reports
Independent
Third-party physical counts
IFRS
IAS 2 & IAS 16 aligned
Tag
Barcode & RFID asset tagging
Fixed
Fee, agreed up front
Why it matters
What’s on your balance sheet should actually exist
Inventory and fixed assets are often the two largest items on a UAE company’s balance sheet — and the least independently checked. The figures in your ledger are only as reliable as the physical reality behind them.
Over time, the books and reality drift apart: stock goes missing or obsolete, assets are scrapped but never written off, and “ghost assets” sit on the register still attracting depreciation. The result is misstated profit, wrong depreciation, a harder year-end audit and Corporate Tax exposure.
An independent physical verification reconciles what you own to what your books say — counting and tagging every item, investigating the variances, and handing your auditors and board a clean, evidenced position. Under IFRS (IAS 2 inventory, IAS 16 property, plant & equipment), that verification isn’t optional housekeeping — it’s how the balance sheet earns trust.
What we do
Core services breakdown
From a single year-end count to a full register rebuild — take all of it, or just the part you need.
Fixed asset verification
Physical existence checks against your Fixed Asset Register — location, condition and custodian confirmed, ghost assets removed and unrecorded assets brought onto the books.
Asset tagging & register build
Barcode or RFID tagging of every asset, and a clean, IFRS-compliant Fixed Asset Register built or rebuilt — cost, depreciation, location and ownership in one place.
Reconciliation & reporting
We reconcile the physical results to your general ledger, investigate every variance, recommend the adjusting entries, and hand you an audit-ready report.
How we work
Our implementation process
A disciplined count — from scoping the job to an audit-ready report, with a fixed fee agreed before we start.
1
Plan
Plan & scope
We define the scope — locations, asset classes and the cut-off date — and prepare count instructions so the day runs cleanly.
2
Count
Physical count & verification
On-site, we count inventory and verify each asset against the register — tagging, photographing and sample test-counting as we go.
3
Reconcile
Reconcile & investigate
We match the physical results to your records, investigate every variance and classify each discrepancy.
4
Report
Report & recommend
You get a variance report, the adjusting entries, process recommendations and an audit-ready file — then we hand over.
Who we serve
Who needs physical verification
If inventory or fixed assets are a material part of your balance sheet, an independent count protects your numbers.
Trading & distribution
Retail & FMCG
Manufacturing
Hospitality & F&B
Logistics & warehousing
FAQ
Frequently asked questions
Why do I need an independent inventory and fixed asset verification?
Your auditors, board and lenders need assurance that what’s on the balance sheet physically exists and is correctly valued. An independent count provides that evidence — and surfaces shrinkage, obsolete stock and ghost assets before they distort your financials or your Corporate Tax position.
How often should we verify inventory and fixed assets?
Inventory is typically counted at year-end, with cycle counts through the year for higher-value or fast-moving lines. Fixed assets are usually verified annually. We’ll recommend a frequency based on your audit requirements, asset value and risk.
Do you provide asset tagging and a fixed asset register?
Yes. We tag assets with barcodes or RFID and build or rebuild a clean, IFRS-compliant Fixed Asset Register — cost, depreciation, location and custodian — that stays accurate between counts.
Will your verification support our annual audit and Corporate Tax filing?
Yes. We deliver an audit-ready file — reconciled counts, variance analysis and recommended adjustments — that your external auditors can rely on, and that keeps your asset and depreciation base correct for UAE Corporate Tax.
Get started
Get a quote for your verification.
Tell us what needs counting, how many locations and your timeline. We’ll reply within one business day with a scope and a fixed, all-inclusive price.
Thank you — we've got your details.
One of our verification specialists will be in touch within one business day.
One of our verification specialists will be in touch within one business day.
Know exactly what you own.
Get an independent inventory and fixed asset verification — counted, tagged and reconciled by accounting professionals.