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THE CONTEXT
Ensure the traceability and reliability of your invoices
Since January 1, 2013, all businesses are required to maintain a reliable audit trail linking each invoice issued or received to the corresponding delivery of goods or provision of services (Art. 289 VII CGI).
With the widespread adoption of electronic invoicing, a reliable audit trail has become an absolute necessity: every invoice must be authenticated, substantiated, and verified in a reliable manner. In practical terms, companies must formalize their internal controls to ensure the traceability and compliance of transactions, and to verify that the goods delivered or services provided correspond exactly to what is invoiced, both in terms of quantity and quality.
Recent tax audits show that the tax authorities are tightening their requirements, and without a comprehensive and reliable audit trail, companies risk having their input tax credits disallowed. This requirement applies to all companies, with the level of documentation to be tailored to the size and complexity of the business.
OUR GOALS
Compliance, Monitoring and Performance
The implementation of a reliable audit trail is designed to achieve several key objectives for all businesses: ensuring regulatory compliance by meeting tax and legal obligations, guaranteeing control over payments and the security of financial flows, and strengthening management oversight and internal controls.
It also helps improve invoicing, optimize the traceability of transactions, and reduce the risk of fraud. By centralizing and documenting controls related to invoices and services, a reliable audit trail becomes a key tool for ensuring the reliability of your processes and the soundness of your financial decisions.
OUR STRENGTHS
« Our role in auditing : transforming regulatory constraints into genuine strategic levers. Beyond control, auditing is a common language that reassures shareholders, partners, and markets. »
THE PROCESS
Key Steps in the Reliable Audit Trail
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1
Kickoff Meeting
Define your needs, the scope of the project, and the specific objectives of the support, in order to align expectations and prepare an action plan.
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2
Current Status
An analysis of your current billing practices, internal controls, and tax compliance to identify strengths and areas for improvement.
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3
Mapping of the information system and purchasing and sales processes
Identifying and visualizing financial flows, control points, and key stages in purchasing and sales processes to understand interactions and risks.
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4
Analysis and description of existing controls
Verification of the effectiveness of existing internal controls and a detailed description of how they operate at each stage of the invoice/service cycle.
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5
Documentation Writing
Comprehensive formalization of a reliable audit trail, including the procedures, controls, supporting documentation, and traceability diagrams necessary to meet tax requirements.
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6
Issuance of the report
Delivery of a detailed report summarizing the current status, identified gaps, and recommendations for securing your financial flows and ensuring the reliability of your audit trail.
OUR SCOPE OF ACTION
Expertise tailored to each industry sector
NG offers SMEs and family-owned mid-sized companies tailored solutions specific to a wide range of sectors. The solutions offered are customized and perfectly meet the unique needs and challenges of each client.
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