VGNC

  WHAT IS INTERNAL AUDIT? Internal audit is an independent, objective assurance and consulting activity designed to add value to and improve an organization’s operations. The role of this audit is to provide independent assurance that an organisation’s risk management, governance and internal control processes are operating effectively. An internal audit may be used to assess an organization’s performance or the execution of a process against a number of standards, policies, metrics, or regulations. Internal audits  may include examining a business’s internal controls around corporate governance, accounting, financial reporting, and IT general controls. Auditors may cover all areas of an organization or specialize based on their skill-sets. In simple words we can say Internal audits evaluate a company’s internal controls. WHAT ARE THE TYPES OF INTERNAL AUDITS? Some types are: Compliance Audit IT Audit Operation Audit Performance Audit This allows the company’s Board and manage...

  Need of Stock Audit – How VGNC Can Help You? Monitoring stocks can be a tough task for all businesses whether it’s small, medium, or large. Being in the industry for several years, VGNC –  audit firm in Delhi NCR  understand the importance of inventory control to manage the supply chain for retail businesses, and therefore, we help our clients to maintain sustainable inventory by conferring better  audit experiences .  We have a team of experts with years of experience in  inventory audit  and their management.  At VGNC, we follow a defined procedure to make sure that the accuracy is maintained between stock records and  physical stock . Following are a few reasons that highlight the facts why retail businesses need to perform a stock audit, Stock Audit  done by experts helps in identifying faults in the current inventory management system. Ensure that businesses are running seamlessly as per the available information, which in turn he...

  Choose VGNC for Physical Verification Audit in Delhi NCR Stock audit / inventory audit is a systematic process of ver ifying that financial records of a business match with their physical inventory updates. The physical verification audit’s main objective is to ensure the company’s capital is invested correctly, and records about the inventory match the existing assets. Auditing stock doesn’t only verify the quantity of stock available but also ensure that stock quality is maintained as per the financial records and statements.  Being one of the reliable names for endowing trustworthy physical verification audit in Delhi NCR, our primary focus is on verifying the company’s assets employing an efficient process that reduces the frequency, length, and complexity of  physical audits.  Importance of Physical Verification Audit  The physical audit is essential to maintain transparency in the business flow. Without a clear picture of your inventory and its sta...