The present day complex business and regulation environment has made it essential that a comprehensive and critical review of the internal controls and policies of an organization is done to ensure that leakages in management and statutory compliances are plugged.

A review of the internal controls and compliances is a systematic independent appraisal activity done for an organization to review whether these are commensurate with the nature and size of the organization. It entails, a review of the entire operations, evaluating the actual performances in comparison with predetermined targets. This identifies the cause of variances and helps to formulate corrective actions, providing a comprehensive insight into the functioning and effectiveness of processes to ensure compliance to regulatory requirements.

Compliance audit is a critical component of the internal control process for any business and a prerequisite for assessing compliance with corporate performance standards. Whether it is compliance with internal corporate procedures or external regulatory requirements, effective internal auditing is the cornerstone of compliance management and continuous improvement. Effective compliance management protects and enhance clients’ brand and reputation by helping them avoid the adverse affects of non-compliance such as: litigation, fines, prosecution, bad PR, and the risks, costs, liability, and damage to brand reputation associated with non-compliance.

As part of Compliance Audit, we undertake a complete review of all tax and statutory compliance, including procedural requisites, related to income tax, corporate laws, indirect taxes, etc. and provide a comprehensive report to the clients on the existing status of the compliance along with recommended improvements.