Auditing and Assurance Advisory
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Overview- Audit and Assurance
Comprehensive Audit and Assurance Solutions
At Alpviram Legal, we provide expert Audit and Assurance Services tailored to meet your business needs. Our goal is to offer insightful recommendations that enhance your operations, ensure regulatory compliance, and provide financial guidance whenever required. As one of the best audit service providers in Delhi, we focus on delivering reliable and transparent audit solutions that foster long-term relationships with our clients.
Understanding Audit and Assurance
What is an Audit?
An audit is a systematic review and evaluation of an organization’s financial statements to verify their accuracy and compliance with accounting standards. It ensures that financial records present a true and fair view of the organization’s financial position. Audits can be conducted internally by company employees or externally by professional auditing firms.
What is Assurance?
Assurance services involve independent verification of financial documents, business processes, or transactions to confirm their accuracy and validity. Provided by professional auditors, these services enhance transparency and mitigate risks associated with financial misstatements or regulatory non-compliance. Businesses rely on assurance services to improve investor confidence and maintain regulatory adherence.
What We Offer
We offer a comprehensive range of audit and assurance services that help businesses maintain compliance, enhance financial accuracy, and optimize operations. Our key services include:
Tax Audit
A tax audit ensures compliance with the Income Tax Act, GST, and other tax regulations in India. Our experts provide detailed assessments of financial records and disclosures, helping businesses meet their tax obligations efficiently.
Statutory Audit
A statutory audit is a mandatory examination of a company’s financial records to ensure accuracy and compliance with legal and regulatory requirements. It assesses whether the company’s financial position is fairly represented by analyzing accounting records, bank statements, and commercial transactions.
Internal Audit
An internal audit is an independent assessment of an organization’s internal controls, risk management, and governance processes. It helps businesses identify inefficiencies, mitigate risks, and improve operational effectiveness.
Stock Audit
A stock audit, or inventory verification, is conducted to ensure that the physical stock matches the recorded stock in financial statements. This audit helps businesses prevent fraud, manage inventory efficiently, and improve financial reporting.
Fixed Assets Audit
A fixed assets audit verifies the existence and valuation of an organization’s assets. This process ensures accurate financial reporting, proper asset management, and compliance with regulatory standards.
GST Due Diligence
Due diligence involves a detailed examination of financial records, business operations, and contractual obligations before mergers, acquisitions, or investments. Our due diligence services help businesses make informed decisions and minimize financial risks.
Certification and Attestation Services
Businesses often require various certifications for legal, financial, and statutory purposes. Our certification and attestation services ensure that your documents are valid and comply with industry regulations. We provide:
Net Worth Certificates for loan approvals and financial transactions
Turnover Certificates for tender applications
GST Compliance Certifications
Tax Residency Certificates for international taxation benefits
Company valuation reports and audit certifications
Frequently Asked Questions
An audit ensures financial transparency, regulatory compliance, and accurate financial reporting. It also helps in risk management and enhances investor confidence.
An internal audit is conducted voluntarily to improve internal controls and operational efficiency, while a statutory audit is legally mandated to ensure compliance with financial regulations.
Businesses and professionals whose turnover or receipts exceed specified thresholds under the Income Tax Act must undergo a tax audit.
Financial statements, bank statements, invoices, ledgers, tax filings, and other relevant financial documents are necessary for a statutory audit.
A stock audit should be conducted at least once a year to reconcile physical stock with accounting records and prevent discrepancies.
GST due diligence is a comprehensive review of a company’s GST compliance, ensuring accuracy in tax filings and adherence to GST laws to avoid penalties.
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