What is a Stock Audit A Stock Audit is a way to ensure all stock movements are being recorded correctly and all stock used is accounted for. This is also a way to ensure that all deliveries have been processed correctly. stock /stɒk/ noun the goods or merchandise kept on the premises of a shop or warehouse and available for sale or distribution. "the store has a very low turnover of stock" audit /ˈɔːdɪt/ noun noun: audit; plural noun: audits an official inspection of an organization's accounts, typically by an independent body