At the firm, we understand the importance of navigating the complex regulatory landscape in India. Our comprehensive compliance audit services help ensure your business adheres to relevant laws, regulations, and industry standards. Our team of experienced professionals will meticulously review your operations and identify any areas requiring attention. This proactive approach minimizes your risk of non-compliance and associated penalties, allowing you to focus on core business activities.

What is a Compliance Audit?

A compliance audit is a systematic and independent examination of a company's adherence to specific regulations or internal policies. The firms compliance audits assess your organization's compliance with a wide range of requirements, including:

• Tax Regulations: Income Tax Act, Goods and Services Tax (GST), Customs Act, and other relevant tax laws.

• Labor Laws: Minimum Wages Act, Industrial Disputes Act, New Labour Code (including provisions related to PF, ESI, and Social Security), Factories Act, and other labor-related regulations.

• Environmental Regulations: Environmental Protection Act, Water (Prevention and Control of Pollution) Act, and other environmental laws.

• Industry-Specific Regulations: Specific regulations applicable to your particular industry sector.

• Company Policies: Internal policies and procedures established by your organization.

Our Compliance Audit Services Include:

• Compliance Risk Assessment: We identify potential areas of non-compliance based on your industry, size, operations, and recent regulatory changes, including those introduced by the New Labour Code.

• Regulatory Mapping: We map out the relevant regulations that apply to your business activities, including the Customs Act and the New Labour Code's provisions related to PF, ESI, and Social Security.

• Detailed Documentation Review: We meticulously review contracts, licenses, permits, challans, and other relevant documentation to ensure adherence to tax regulations, labor laws, the Customs Act, and other applicable regulations.

• On-Site Testing and Procedures: We may conduct on-site visits and walkthroughs to assess your compliance with specific procedures related to labor laws, the Factories Act, and other relevant regulations.

• Reporting and Recommendations: We provide a comprehensive report outlining our findings, identified gaps in compliance, and recommendations for corrective action, including potential utilization of relevant tools and technologies to enhance future compliance.