Compliance Audit Consultants
Any business can ensure legal compliance while reducing resource expenditure by outsourcing compliance expertise. The importance of compliance is paramount regardless of the size of the team—20 or 1000 people—and outsourcing to the appropriate partner ensures methodical adherence with insightful data.
Deep Labour Law Consultancy offers a clear framework for analyzing your current HR procedures, identifying areas of excellence, determining whether you are in compliance with legal requirements, identifying possible hazards, and making recommendations for enhancements to your outputs, structures, processes, and service delivery.
Audits of Compliance
- monitoring labor regulation compliance once a month.
- using a web-based module that is designed for utilization in several places.
- coordinating with contractors to solve any current problems.
- Contractors are being advised and encouraged to complete compliance and report any gaps.
- Creating monthly reports on non-compliances and compliances using the Management Information System (MIS).
- Collecting monthly paperwork from contractors to provide to the employer.
Compliance Management issues that businesses encounter
- Depending on the size and type of the company, as there is uncertainty about whether a company is complying with the appropriate laws and regulations.
- It can be difficult to assess whether the documentation supporting different compliances—such as challans, refunds, orders, supporting documents (Annexures), and reconciliations—is complete.
- Internal auditors are limited in their ability to use a transaction-oriented approach, concentrating on mistakes or non-compliance in areas such as service tax, VAT, TDS, etc.
- The Internal Tax staff is frequently busy attending to numerous notices, submitting returns, and responding to urgencies including scrutiny assessments.
How can these problems be addressed with a Compliance Audit?
We have a specialized compliance audit team made up of legal professionals with experience in several jurisdictions. This group continuously keeps an eye on advancements in a range of compliances that affect businesses in a variety of industries.
This staff receives regular training on the procedures for carrying out compliance audits. Throughout the auditing process, a number of standardized, internally created forms and checklists are regularly used.
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