A compliance audit ensures that businesses adhere to statutory obligations, minimizing the risk of penalties and reputational damage.

Legal Requirements:
– Mandatory compliance audits for listed entities and other regulated businesses as per SEBI (LODR) Regulations, 2015.
– Compliance checks under various provisions of the Companies Act, 2013.
– GST compliance as per Section 35(5) of the GST Act for businesses exceeding prescribed turnover limits.

Scope:
– Verification of statutory records, filings, and approvals.
– Identifying gaps in compliance with corporate laws, labor laws, and industry-specific regulations

Benefits:
– Avoidance of penalties and litigation.
– Improved stakeholder confidence in governance practices