Compliance Audit Consultants
Outsourcing compliance experts can be instrumental in ensuring legal compliance for any organization, minimizing resource expenditure. Regardless of the team size, whether 20 or 1000 individuals, the significance of compliance remains crucial, and outsourcing to the right partner guarantees systematic adherence with valuable insights.
Deep Labour law Consultancy provides a well-defined framework for evaluating your existing HR practices, identifying areas of excellence, assessing compliance with statutory requirements, pinpointing potential risks, and suggesting improvements in structures, processes, outputs, and service delivery.
Audits of Compliance
- Conducting a monthly audit of labor law compliances.
- Utilizing a web-based module designed for multiple locations.
- Coordinating with contractors to address existing non-compliances.
- Advising and urging contractors to fulfill compliances and report any gaps.
- Generating monthly Management Information System (MIS) reports on both compliances and non-compliances.
- Collecting monthly contractor documentation for submission to the employer.
Compliance Management issues that businesses encounter
- Uncertainty exists regarding a company's compliance with necessary regulations, dependent on the business's nature and scale.
- Determining the completeness of documented evidence, including challans, returns, orders, supporting papers (Annexures), and reconciliations, for various compliances poses challenges.
- Internal Auditors face limitations in adopting a transaction-oriented approach, focusing on errors or non-compliance in areas like TDS, VAT, Service Tax, etc.
- The Internal Tax team is often occupied with responding to urgencies such as Scrutiny Assessment, Return filing, and addressing various notices.
How might a Compliance Audit help to tackle these issues?
We possess an exclusive compliance audit team comprising legal experts versed in diverse jurisdictions. This team consistently monitors ongoing developments in various compliances applicable to enterprises across diverse industries.
Regular training sessions are conducted for this team on the methodologies of conducting a compliance audit. Multiple standardized, internally developed forms, and checklists are actively utilized during the auditing process.
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