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...

  What is Stock Audit & Why Businesses Need It? An inventory audit/ stock audit  is an analytical procedure that helps businesses to have a clear picture of synchronization between financial and inventory records. The main purpose of performing the stock audit is to avail accurate updates on the inventory in order to avoid stock-out circumstances. An inventory audit is more than a necessity for the re tail industry nowadays —it is a proven method to find out the current state of stocks, provide an insight to identify any scarcity, and also helps in ensuring that you’ll always have sufficient stocks at any time. Why Business Need to Perform Stock Audit? When it comes to selling goods, businesses prefer auditing their stocks on time- whether it’s for tax purposes or just to get an idea about the number of units on hand. Stock Audit is always more than a necessity for retail businesses. We understand the importance of inventory for a business, and therefore, we help them main...

  In a judgment given by National Company Law Appellate Tribunal ( NCLAT ) on 5 th   of Nov, 2019, in the case of ‘Hemang Phophalia v. The Greater Bombay Co-operative Bank Ltd & Anr’, NCLAT dealt with an issue that whether Insolvency Proceedings can be initiated if a Debtor Company is struck-off by ROC and is considered dissolved as per sec. 248(5) of the Companies Act, 2013. In order to understand the  legal viability  of initiating CIRP (Corporate Insolvency Resolution Process) against a Corporate Debtor when it has been struck-off by ROC, we need to understand the effects of striking-off the company in terms of Sec. 250 of the Companies Act, 2013. It explains that when company is struck-off it is considered having ceased to operate except for the purpose of realizing the amount due to the company and for the payment or discharge of the liabilities or obligations of the company. Hence it is clear that for realizing any amount from or by such Company, the compan...

  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...

  FORENSIC AUDITOR IN DELHI NCR | FORENSIC AUDITOR IN BANGALORE November 16, 2020   6:37 Am By adminvgnc In Audit Indian Business dynamics are changing at an exponential rate. Operating in complex Indian market can become complicated at any time.  Forensic auditor in Delhi NCR  helps your business gather evidence to uncover the truth in case of issues through systematic auditing methods VGNC   is a leading forensic auditing company in Delhi NCR with requires knowledge and experience to identify and resolve accounting frauds. We offer investigative and analytical services that are diligently designed to meet our clients that include law firms, insurance companies, financial institutions, private companies, equity firms, SMEs, corporate counsel and startups. Our team of forensic accounts and fraud examination experts have worked with a wide number of clients eliminate any glitches to function smoothly. How VGNC Helps You? At VGNC, we have a strong team of trained,...

  CA FIRM IN DELHI NCR |CA FIRM IN MUMBAI November 19, 2020   12:46 Pm By adminvgnc In Uncategorized Chartered Accountants  who work in practice provide professional financial services to businesses.  VGNC  is a CA Firm who provide Auditing, taxation, accounting, financial analysis, risk management and advising on financial structures, are just some of the wide-ranging services in Delhi NCR, Mumbai, Bangalore and all major cities of India. Some of the Best City for CA Firm: Delhi : The political capital of the country,  Delhi  follows suit where finance jobs are galore. Ghaziabad/ Noida/ Gurgaon:  Parts of the National Capital Region (NCR), the cities of Noida and Gurgaon also have best CA Firms of the country. Bangalore : Capital of Karnataka have major CA firms in Bangalore Mumbai:  Capital of Maharashtra have best and Expensive CA firms. CA Firm are doing Audits in Industries, Corporate House, Company, and professional individuals. CA firm...

  Best CA Firm In Bangalore We are Working all over India, we are majorly work in Delhi NCR, Bangalore, Mumbai and Hyderabad. We are the  top firm in Delhi NCR . We have many projects in Bangalore, we are one of  best CA firm in Bangalore . We are top demanded CA firm in Mumbai. we did many audits and taxation work in Delhi NCR, Bangalore and Mumbai. Top  Chartered Accountants   Firm in Delhi NCR, provide professional financial and Audit services to businesses. Best CA Firm in Bangalore provide Auditing, risk management, taxation, accounting, financial analysis, litigation and advising on financial structures, are just some of the wide-ranging services provided by best Chartered Accountancy  Firms . VGNC,  is a midsized firm of chartered accountants in Delhi and Ghaziabad India, We have been rendering a various services over the past 20 years, especially in the field of Audit and taxation. We are also  internal audit, statutory audit, forensic aud...

  In a judgment given by National Company Law Appellate Tribunal ( NCLAT ) on 5 th   of Nov, 2019, in the case of ‘Hemang Phophalia v. The Greater Bombay Co-operative Bank Ltd & Anr’, NCLAT dealt with an issue that whether Insolvency Proceedings can be initiated if a Debtor Company is struck-off by ROC and is considered dissolved as per sec. 248(5) of the Companies Act, 2013. In order to understand the  legal viability  of initiating CIRP (Corporate Insolvency Resolution Process) against a Corporate Debtor when it has been struck-off by ROC, we need to understand the effects of striking-off the company in terms of Sec. 250 of the Companies Act, 2013. It explains that when company is struck-off it is considered having ceased to operate except for the purpose of realizing the amount due to the company and for the payment or discharge of the liabilities or obligations of the company. Hence it is clear that for realizing any amount from or by such Company, the compan...