Third Party Assurance
In today’s business environment, the operations are managed at different levels with integration of third party service providers and business associates, for instance
- Many manufacturing processes may be outsourced.
- Certain manufacturing inputs may be procured from outside vendors with quality checks and controls to be ensured at vendor’s site.
- Warehousing services may be located across various territories which at times are managed by third party vendors
- Sales and distribution network consisting of various distributors, consignment agents, Stockists and retail outlets
- Local branches and offices to manage the business affairs at local level
- Off shore business units and branches
VGNC provides its audit services to cover all such organizational network situated at multiple locations including all such third party service providers to ensure that proper internal controls are set up at such locations and to ensure compliance of operations at transaction level. It includes multiple audit services of varied nature, for instance
- Stock Audit and Reconciliation
- Fixed Asset and Visual Merchandise Verification
- Process Audit
- Transactional Audit
- Vendor Reviews
- Distributor Audit
- Warehouse Audit
- Retail Outlet Audit
- Return on Investment Review
- Compliance Review
- Hygiene Review
- Mystery Shopping