Assurance Services
Building Trust, Mitigating Risk, and Driving Operational Excellence
We serve a diverse range of enterprises across industries, including:
Trust is the most valuable thing in today's complicated and linked business world. Stakeholders, like investors, lenders, regulators, customers, and even your own management, want accurate information, strong controls, and operations that are easy to understand. Businesses face a challenge in providing this assurance on their own, effectively and continuously, while risks are rising, rules are changing, and there is constant pressure to be efficient.
It's very important that you get full assurance services if these questions weigh you down. We don't just do audits at TaxVice. We also give you actionable insights, stronger controls, and the utmost confidence in your business processes, financial data, and compliance with regulations. Independent scrutiny can be turned into a strategic asset by us. This helps your business build trust, run more efficiently, and grow in a way that lasts.
The Assurance Challenge: Navigating Uncertainty and Ensuring Integrity
There are many risks and unknowns that businesses have to deal with, which is why they need independent checks and strong controls:
Our Solution:
A Spectrum of Specialized Assurance Services
We offer a full range of Assurance Services that are designed to help your business deal with these important issues. Our expert teams give unbiased, independent evaluations that not only find problems but also suggest useful, value-adding changes.
Through our specialized assurance services, we make your business stronger in these ways:
1. Internal Audit
To Ensure Peak Performance
- Problem Solved: Our Internal Audit services are more than just checking the finances. We carefully look at your company's risk management, internal controls, and governance systems without being part of your team.
- Our Service: We look at how well and efficiently your operations work, find waste and control gaps, and suggest changes that boost productivity, protect assets and make sure that company policies and goals are followed. This can include sales, IT systems, human resources, and more.
- Value Delivered: This includes constant monitoring, finding risks and inefficiencies early on, better operational performance, stronger internal controls, better fraud prevention, and strategic insights for management to use data to make decisions.
2. Stock Audit
Making Sure Your Inventory Is Correct and Safe
- Problem Solved: Stock that doesn't match up with records in the books, mistakes in figuring out how much something is worth, the risk of theft or damage, a stock that takes a long time to sell, and bad stock management that cuts into profits and cash flow.
- Our Service: Our Stock Audit service checks your books and records against your physical inventory by a third party. We check and analyze your stock in all locations (warehouses, stores, and in transit) and count, inspect, and confirm its existence, quantity, quality, and condition. We also look at how you value your inventory, find old or slow-moving items, check the condition of your storage, and see how well your inventory management internal controls work.
- Value Delivered: Keeps inventory records correct when sent to the bank, stops money from being lost due to theft, damage, or items becoming obsolete, enhances inventory control systems, and provides correct data for smart buying and selling choices.
3. Concurrent Audit
Reducing Risk in Real-Time for High-Volume Transactions
- Problem Solved: Our Concurrent Audit looks at transactions and operations all the time. This is especially important for banks and other financial institutions, where mistakes or fraud can have a big effect right away.
- Our Service: We make sure they are in line with internal rules, regulatory standards (such as RBI guidelines), and authorized limits. This lets us find and fix any problems or violations right away.
- Value Delivered: The audit gives immediate feedback on transactional accuracy and compliance, lowers the risk of large-scale fraud by a large amount, makes sure that internal and external regulations are followed in high-risk areas, boosts operational efficiency by finding process flaws in real-time, and makes internal controls work better.
4. Transfer Pricing (TP) Audit
Making Sure Related Parties Follow Arm's Length Rules
- Problem Solved: Keeping prices at an "arm's length" level for deals between related businesses, like a parent company and a subsidiary is vital, so that there are no tax disputes or fines from the government.
- Our Service: The Income Tax Act of 1961 says that inter-company transactions like sales of goods or services, loans, and royalty payments must be priced in line with Indian transfer pricing rules. This is what our Transfer Pricing Audit services do. We look at your current transfer pricing policies and transaction records, perform functional analyses, create strong benchmarking studies, and help you write or review your Transfer Pricing Study Report (Form 3CEB). With this proactive audit, the prices of related-party transactions are more likely to be fair, and the risk of transfer pricing adjustments and penalties is lower.
- Value Delivered: We enforce complicated transfer pricing rules, lower the likelihood of tax disputes and large fines from tax authorities, provide strong evidence to support your transfer pricing positions, and improve corporate governance and openness in dealings with related parties. It’s important for multinational companies and Indian businesses that do business with related parties in other countries.
5. Secretarial Audit
The Compliance Guardian of Corporate Governance
- Problem Solved: Non-compliance with changing corporate laws (Companies Act, SEBI, FEMA, etc.) can lead to fines, directors losing their jobs, and damage to the company's reputation.
- Our Service: The Companies Act of 2013 says that some companies, like listed companies and large public and private companies, have to have a Secretarial Audit. There are many laws that your company has to follow, including the Companies Act, SEBI (for listed entities), FEMA, and others.
- Value Delivered: We make sure that your company follows all of them carefully. This includes going over minutes from Board and General Meetings, statutory registers, annual filings (like AOC-4 and MGT-7), share transfers, dividend declarations, and other business actions. We give you a full report (MR-3) on your compliance status.We strongly follow complicated corporate governance rules, stop fines and legal actions for not following them, improve openness and responsibility, boost investor confidence, reassure stakeholders that the company is following the law, and strengthen overall corporate governance practices.
- From the past 75+ years: Indian businesses have maintained their trust in Munshi Ji’s, who knew their books better than they did. Three generations, 5000+ clients, and countless cups of chai later, we’re still here! Still upgrading.
- From the past 75+ years: Indian businesses have maintained their trust in Munshi Ji’s, who knew their books better than they did. Three generations, 5000+ clients, and countless cups of chai later, we’re still here! Still upgrading. TaxVice is the next generation of your family Munshi Ji, now enhanced with AI dashboards, cloud backups, and real-time tax compliance alerts in his toolkit. We honor the old school business trust, which went beyond mere compliance. We simply upgrade it with modern tech for a faster and smoother experience.
Benefits That Drive Unparalleled Trust and Performance
Working with Taxvice for your assurance services is a smart move that will pay off in a big way:
Increased Stakeholder Confidence:Give investors, lenders, regulators, and customers independent assurance. This will help build trust and improve the reputation of your brand.
Strong Risk Mitigation:Find, evaluate, and reduce financial, operational, and compliance risks proactively before they become big, expensive problems.
Optimized Operational Efficiency:Find inefficient, time-consuming, or slow parts of the process. This will help you be more productive and save money.
Stronger Internal Controls:Create and use effective frameworks for internal controls that protect assets, stop fraud, and guarantee data integrity.
Perfect Regulatory Compliance: Feel safe navigating complicated legal and regulatory landscapes, making sure you follow all laws, and staying out of trouble.
Better Decisions:Get clear, unbiased information about your company's real financial health and operational performance. This will help you make smarter, more strategic choices.
Increased Transparency:Make sure everyone in your organization is responsible and honest.
Why Choose TaxVice for Your Assurance Needs?
We do more than just auditing. We offer a partnership based on knowledge and dedication to your success:
Expertise in Multiple Fields:Our team includes Chartered Accountants, Company Secretaries, and financial analysts with years of experience and specialized knowledge in a wide range of audit areas.
Independent and Objective Approach:We are giving you honest reviews and useful details.
Proactive and insight-driven:We don't just find problems; we also give you ways to make things better, with a focus on creating long-term value.
Technology-Enabled Solutions:We use state-of-the-art auditing software and data analysis to make our work faster, more accurate, and more in-depth.
Solutions That Fit Your Needs: Don't let doubt or hidden risks hurt the future of your business. Are you ready to have more faith in your operations and gain your trust?
So why wait? Fill out our contact form right now. Let's talk about your specific assurance needs and come up with a strong plan together.