Compliance Audit Consultants

Outsourcing compliance experts may be the key to success for any firm that wishes to become legally compliant with minimal expenditure of resources. The importance of compliance is evident, whether the team size is 20 or 1000 or more individuals, and outsourcing to the proper partner will ensure systematic compliance and back you up with insights into compliance.

G&CC offers a structured framework for examining your current HR practices in order to discover areas of excellence, assess compliance with key statutory requirements, identify potential risks, and recommend methods to improve your structures, processes, outputs, and service delivery.

Audits of Compliance (For Employers and their Contractors)

– A monthly audit of labour law compliances.

– Web-based module with several locations.

– Coordination with contractors of current non-compliances.

– Advising and pressuring contractors to complete compliances and report gaps in compliance.

– Creating monthly MIS reports on compliances and non-compliances.

– Gathering monthly contractor documentation for submission to the employer

Compliance Management issues that businesses encounter

• Uncertainty over whether a company is complying with all necessary compliances based on the nature and scale of the business.
• It is difficult to determine the completeness of documented evidence (such as challans, returns, orders, supporting papers in the form of Annexures, and reconciliations) of various compliances.
• Internal Auditors’ limitations in using a transaction-oriented approach, which focuses on errors or non-compliance in TDS, VAT, Service Tax, and so on.
• The Internal Tax team is frequently quite busy reacting to urgencies such as Scrutiny Assessment, Return filing, filing of response to various notices, and so on.

How might a Compliance Audit help to tackle these issues?

We have a dedicated compliance audit team of legal experts from several jurisdictions. This team keeps a frequent check of continuing developments in various compliances applicable on different enterprises across industries.

This staff is routinely taught on how to conduct a compliance audit. There are numerous standardized self-developed forms and checklists that are utilized during auditing.