Entity Management/Compliance

With factors like mergers, acquisitions, joint ventures and other factors, legal entity management and compliance has become complex for organizations. Managing this on regular basis requires streamlined processes, up-to-date systems and effective controls. It is important to do this procedure well to lower the risk of: missing deadlines, applications of trading models goes incorrect, going legal entities duplicate and misstated fillings of statements and tax returns.

Entity Audit

Entity audit comprises of a compliance checklist agreed upon by the organization for physical verification of labour law compliances on a monthly or quarterly basis. This helps to bring to the surface nonperformance issues and areas of concern if any to the management for resolution which includes periodic filing of returns under the various Acts.

Vendor Audit

Vendors are service providers under a service agreement with the principal employer for various service deliverables. Vendor audit comprise of keeping and examining vendor checklists where compliance documents are physically verified to assess the status of vendors, main contractors or sub-contractors offering services like security, housekeeping, maintenance, IT, transport, gardening, cafeteria etc.

Pre-Audit

We undertake planning, organizing and examining the documents for audit. Thereafter the process of onsite audits happen by personnel interactions, reviewing records and making observations smoothly. The process involves a tripartite signing in the case of vendor audit by vendor's representative, client's representative and the auditor. In the case of entity audit, it is between the client's representative and the auditor.

Post Audit

Once the audit is done, the findings are shared with proper briefings to the management. Thus with regular audits, the level of compliance does not deteriorate but helps the client to stay not only risk free but in a healthy state. This is possible because Valueline has an unsurpassed knowledge of regulatory requirements and industry standards that enables us to identify deficiencies quickly and provide insights for successful compliance. All our services are backed with good liaison work with appropriate government authorities.