Audit and Assurance

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Audit and Assurance Services by Gupta & AP Co.

At Gupta & AP Co., our audit and assurance team is committed to delivering quality services tailored to your specific needs. We focus on offering insightful suggestions that enhance your operations, providing financial advice where required, and delivering top-tier audit services in Delhi. Our ultimate aim is to establish lasting professional relationships built on trust. We strive to be your go-to advisor for any audit-related queries and dedicate the time necessary to cultivate that trusted connection.

Overview of Audit and Assurance Services

What Is an Audit?

An audit generally refers to the thorough review of an organisation’s financial statements. A financial audit is an impartial assessment of these records to ensure they provide a true and fair representation of the company’s financial activities. Audits can be conducted internally by employees or externally by an independent chartered accountancy firm.

What Are Assurance Services?

Assurance services are independent professional evaluations typically offered by chartered accountants. These services may involve the verification of financial documents or transactions — including contracts, loans, or other arrangements — to confirm their accuracy and validity.

Assurance providers help clients manage complexity, mitigate risk, and seize opportunities by closely examining third-party relationships. These services enhance transparency, relevance, and reliability of financial disclosures, helping organisations achieve sustainable growth and strategic differentiation.

Audit & Assurance at MAG

As one of the most trusted audit firms, we at MAG provide some of the finest audit services in Delhi. Our offerings include but are not limited to the following:

Statutory Audit

A statutory audit is a mandatory examination of a company’s financial records to ensure their accuracy and legitimacy. It aims to verify that financial statements reflect a true picture of the company’s financial position by reviewing records such as transaction logs, bank statements, and accounting ledgers.

Internal Audit

Internal auditing is a consultative process that adds value to an organisation’s internal structure. It involves systematically evaluating and improving risk management, governance, and control systems to help meet strategic goals.

Tax Audit

Conducted under the provisions of the Income-tax Act in India, a tax audit involves verifying the accuracy of financial records for tax compliance. Our experts specialise in various taxes including income tax, GST, service tax, and sales tax. This expertise has earned us the reputation of being a leading income tax audit firm in Delhi.

Fixed Assets Audit

A fixed asset audit ensures proper accounting and depreciation of capital assets in line with management’s objectives. It contributes to the preparation of an accurate balance sheet, supports regulatory compliance, and strengthens internal controls.

Stock Audit

Also known as inventory audit, this service involves physically verifying a company’s stock. Depending on the audit’s purpose, different methodologies are used. At least one stock audit per year is recommended to ensure alignment between physical stock and book records, and to identify any discrepancies.

Management Audit

This audit assesses the efficiency and effectiveness of an organisation’s operational management. Especially important in cases of mergers and acquisitions, our firm collaborates directly with specific departments to streamline performance and improve outcomes.

Revenue Audit

A two-stage audit process that compares tax return information against actual business records, ensuring accuracy in declared income and identifying any discrepancies.

Due Diligence

Due diligence refers to the investigation and analysis conducted before entering into a financial transaction or agreement. It involves a comprehensive review of financial records and is vital for making informed decisions in business partnerships or investments.

How We Support You

To meet our clients’ evolving needs, we stay well-informed of ongoing changes in the auditing landscape while also understanding potential internal and external challenges you may face. Our technical expertise and robust internal standards keep us current with developments in the field. Regular participation in industry seminars and conferences enables us to remain aligned with shifts in client industries.

During audits, we not only ensure compliance but also identify areas for improvement and provide actionable insights. At MAG, we are dedicated to delivering top-quality audit and assurance services in Delhi. We engage consistently with clients to ensure compliance with statutory and regulatory obligations, while also offering value-added services.

We commit to helping businesses uncover untapped opportunities and identify risk zones. With integrity and professionalism as our foundation, we uphold high ethical standards in every engagement.

As one of the most reputable audit firms in India, we believe audits should integrate smoothly with business operations. That’s why we focus on thorough planning and allocate adequate resources to avoid delays. We begin every audit with a deep understanding of your business functions, goals, operational policies, and compliance requirements.

What sets us apart as a top audit firm in Delhi is our ability to tailor services to your unique business needs and objectives. Our approach is based on a sound knowledge of your industry and specific regulatory landscape.

We also provide high-quality assurance services to help identify both hidden potential and possible risk areas within your organisation. Our commitment to ethical conduct and business excellence ensures we meet and exceed client expectations.

Connect with Us

If you’re looking for reliable audit and assurance services in India, or searching for leading audit firms or bank audit consultants in the country, get in touch with us at guptaapandco@gmail.com. Let our experienced professionals deliver expert service with dedication and excellence.

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