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CONSULTATION and AUDIT SERVICES COMPLIANCE

Ensure Compliance and Protect Your Business with Comprehensive Labour Law Audits Integrity, compliance, and operational efficiency. Running a business involves navigating a complex web of labour laws and regulations.

Non-compliance can lead to severe penalties and legal challenges. Indian Labour Laws Audit and assurence services are designed to help you stay compliant, protect your business, and create a harmonious workplace.

The focus on mobilizing resources in local and global markets has presented difficulties for Corporate Governance. Our Audit & consulting services specialize in ensuring compliance with labour legislation, a key component of corporate governance.

Strategic Audit Services For Businesses In India:

Strategic audit services in India for businesses have evolved significantly in recent times. They are now considered a crucial element for the survival and growth of companies. These services offer checks, controls, audit and assurance, along with features such as early warnings, practical solutions, and transparent communication. Top Audit consulting companies may opt for audits to comply with legal requirements or to gain a clear understanding of their financial position.

At Sankhla consultants, we recognize the importance of understanding our clients’ businesses thoroughly. Our audit testing methods are customized for each engagement, focusing on risk assessment and diagnostic procedures. As a leading tax audit consultant in Gurgaon, we prioritize building strong relationships with our clients and strive to provide exceptional financial audit assurance and consulting services that are insightful and beneficial.

The main goal of an audit is to provide a judgment on the reliability and correctness of the all information being relied upon by individuals making decisions based on it.

Services Available / What We Provide

Locate the best service available for your company.

  • Check Thorough examination of all labour-related documents for a business
  • Regulatory Compliance: Validate adherence to all pertinent labour laws for private companies, such as the Industrial Disputes Act, Minimum Wages Act, Employees’ Provident Fund and Miscellaneous Provisions Act (EPF Act), Employees’ State Insurance Act (ESI Act), and more.
  • Document Inspection: Confirm that all employment-related documents, including employee contracts, payroll records, and statutory registers, are accurate.
  • Identification of Non-Compliance: Identify any discrepancies in your current practices and procedures.
  • Analysing the criticality of risk exposure or liability
  • Risk Analysis: Assess potential risks linked to non-compliance and suggest corrective measures.
  • Stay Updated: Stay informed about the latest amendments and modifications in labour laws in India.
  • Policy Revisions: Aid in updating your HR policies and procedures to align with current legal requirements.
  • Customized Guidance: Offer specific advice tailored to your industry, size, and business operations.
  • Support in Implementation: Assist in implementing necessary changes to ensure complete compliance with labour laws in India.
  • Employee Training: Conduct training sessions for your HR team and management on crucial aspects of labour law compliance.
  • Awareness Initiatives: Enhance awareness among employees regarding their rights and responsibilities under labour laws.

  •  Seeking expert advice and presenting solutions for decision-making and making necessary adjustments.
  • Ongoing Reviews: Carry out regular audits to guarantee continuous compliance.
  • Enhanced Processes: Recommend enhancements to your compliance processes and procedures.

Best consulting services provided by our audit firm

Best labour laws expert advisors

Sankhla Consultants, a leading consulting audit firm, provides a comprehensive range of consulting services to help businesses maintain compliance and improve operational efficiency. Their expertise spans across labour law compliance, factory license and compliance, ESI & EPF registration, and contract labour compliance. Sankhla Consultants also offer tailored solutions in payroll processing compliance audit, industrial licensing, and regulatory compliance. By leveraging years of industry experience, they ensure that organizations adhere to all necessary legal frameworks while optimizing their internal processes. Clients benefit from risk management, financial consulting, and legal advisory services, making Sankhla Consultants a trusted partner for businesses seeking seamless compliance and growth

Sankhla consultants offer a wide range of consulting services beyond traditional audits to help businesses improve their operations and maintain compliance. These services include internal audit, risk management, internal control assessment, financial advisory, and regulatory compliance consulting. By leveraging expertise in industry regulations and financial best practices, our firm ensure organizations are well-prepared for growth while adhering to all necessary compliance requirements.

Advantages of Our Labour Law Audit Services (The reasons to choose us):

1

Our labour laws audit services offer numerous benefits for various types of businesses, including factories, commercial establishments, and retail outlets. We guarantee hassle-free processes when it comes to engaging contract workforce, providing technology-driven services for both on-location compliance & backup data. 

2

We also provide customized processes to effectively regulate and monitor the engagement of contract workforce. Our comprehensive range of services includes shops & establishment registrations & compliance, obtaining CLRA licenses & compliance, liaising with government authorities, payroll maintenance, labour law audit, labour law record maintenance, coordination of benefits under EPF & ESI.

3

Our team of experts is well-versed in labour legislation consultation, ensuring that you receive the necessary guidance and support. By availing our services, you can eliminate the need to directly deal with contractors for compliance-related matters. 

Other Benefits of our services:

Factory Auditing

We provide consultation services for all labour legislations, catering to a wide range of needs. Whether you are a business start-up or planning to close down, we are here to assist you. Our expertise extends to various industries, ensuring that we can address the unique requirements of different sectors.

  • Increased Productivity: Simplify your HR operations and lessen administrative workload.
  • Enhanced Employee Morale: Cultivate a supportive workplace by safeguarding and honouring employees’ rights.
  • Improved Credibility: Establish trust with both staff and stakeholders through a dedication to ethical and lawful employment procedures.

Our dedicated team of professionals ensure that all your financial needs are met with precision and personalized strategies. Join us in building a bright future for your business!

Our audit consultants are professionals who provide specialized advice and services related to auditing processes within organizations. Their primary role is to ensure that financial statements and other records are accurate, complete, and compliant with relevant laws and regulations. 

  • From the start to ongoing monitoring, we offer complete support every step of the way.
  • Our skilled team has extensive expertise in labour laws and compliance requirements.
  • We provide personalized solutions designed to fit the unique needs of your business.
  • Taking a proactive stance, we keep up with regulatory changes to keep you compliant.

Our services extend to the Acts listed below (Compliance on the below Acts):  

  • The Shops and Commercial Establishments Act, 
  • The Industrial Employment Act 1961 or Standing Orders Act 1961, 
  • The Child Labour Act 1986 or Prohibition and Regulation Act 1986,
  • The Contract Labour Act 1970 and Rules Act- 1971 or
  • The Contract Labour Act and Rules Act or Regulation & Abolition Act,

Factors to Keep in Mind while Searching for Consultation and audit services in Gurgaon.

Expertise and Experience Consultation and audit services

  • It is important to verify that the firm possesses industry experience relevant to your specific sector, as each industry comes with its own set of regulations and obstacles.
  • Prioritize firms with a solid track record of successful collaborations with previous clients to ensure a reliable and effective partnership.
  • Extensive Offerings: Choose a company that provides a broad array of services, encompassing financial auditing, compliance auditing, risk management, IT audits, and strategic consulting.
  • Tailored Solutions: The ability to customize services to cater to your specific requirements is of utmost importance.
  • Client Testimonials: Conduct a thorough check for client testimonials and reviews online.
  • Referrals: Request references from previous clients to obtain firsthand feedback on their experience.
  • Professional Qualifications: Verify that the auditors and consultants possess relevant qualifications such as CA (Chartered Accountant), CPA (Certified Public Accountant), CIA (Certified Internal Auditor/ Internal Audit  consultant), or CISA (Certified Information Systems Auditor).
  • Certifications: Seek out firms with ISO certifications or other industry-specific accreditations.

  • Local Regulations: The firm should possess a comprehensive understanding of local regulations and compliance requirements in Gurgaon and India.
  • Global Standards: Familiarity with international standards (e.g., IFRS, GAAP) is crucial if your business engages in international transactions.

  • Cutting-edge Tools: The firm should utilize advanced auditing tools and software for data analysis and reporting.
  • Cybersecurity Expertise: For IT audits, ensure that they possess expertise in cybersecurity to safeguard your sensitive information.

  • Integrity: The firm should adhere to high ethical standards and uphold confidentiality and integrity.
  • Independence: Ensure that the audit firm is independent and free from any conflicts of interest.
  • It is important to choose a consulting and audit service provider that has a transparent pricing structure, ensuring that there are no hidden costs involved.
  • This will help you have a clear understanding of the expenses and make informed decisions.
  • Opting for a firm with a local office in Gurgaon can be advantageous as they will have a better understanding of the local business dynamics. This local presence enables them to provide better support and cater to your specific needs effectively.
  • Network and Resources: Another aspect to consider is the firm’s network and resources. An audit and assurance  service provider with a strong network can offer additional resources and support, which can be beneficial for your organization’s growth and success.
  • It is essential for the consultation and audit service provider to understand your business, culture, and specific needs. By taking the time to comprehend your organization’s unique requirements, they can tailor their services accordingly, leading to more effective outcomes.

  • Effective Communication: Clear and efficient communication is vital for comprehending the findings and recommendations of the audit.
  • Detailed Reports: Look for Audit firms that provide comprehensive and easily understandable audit reports.
  • When selecting a service provider, it is crucial to ensure that they are responsive and available to address your concerns promptly. This level of responsiveness demonstrates their commitment to providing excellent client support and ensures that your needs are met in a timely manner.
  • Ongoing Support: Look for consultation and audit services firms that offer ongoing support beyond the initial engagement. This means that they will continue to assist you even after the completion of the consultation or audit process. Having ongoing support can be valuable as it allows for continuous improvement and guidance.
  • A collaborative working relationship between your organization and the service provider can foster better communication, understanding, and cooperation. This collaborative approach can contribute to achieving your financial and operational goals more efficiently.
  • By carefully considering these factors, you can find a consultation and audit service provider in Gurgaon that aligns with your organization’s needs and supports you in achieving your desired outcomes.

Internal audit consulting firms: Ensuring Compliance and Efficiency

Internal audit services play a vital role in helping organizations maintain compliance, improve operational efficiency, and manage risks effectively. These services are essential for businesses aiming to meet regulatory requirements and optimize their internal processes.

Key components of internal audit services include:

  1. Compliance Audits: Ensure adherence to laws and regulations such as labour laws, taxation, and industry-specific guidelines. Compliance with standards like the Factories Act, PF and ESI regulations, and the Minimum Wages Act is essential.
  2. Risk Management Audits: Identify, assess, and manage risks related to finance, operations, and compliance, helping businesses mitigate potential vulnerabilities.
  3. Process Improvement Audits: Internal auditors analyze existing processes to identify inefficiencies, redundancies, and areas of improvement.
  4. Financial Audits: Review financial statements and transactions for accuracy and regulatory compliance, ensuring proper internal financial controls.
  5. Operational Audits: Focus on evaluating the effectiveness and efficiency of business operations to optimize resource utilization.

By offering valuable insights and ensuring compliance with internal and external standards, internal audit consultant services are indispensable for organizational growth and sustainability.

Factory Auditing
Internal Audit lifecycle

Audit and Consultation Services FAQs:-

What is assurance services?

Assurance services refer to independent professional services that improve the quality of information for decision-makers. These services include financial audits, compliance audits, compliance checks, risk assessments, and risk management, ensuring that a company’s reports meet regulatory and industry standards, boosting trust and credibility.

By providing third-party assurance(Sankhla Consultants), companies can enhance their credibility, foster trust with stakeholders, and maintain transparency in their operations, especially critical in sectors like finance and corporate governance.

What is assurance in auditing?

Assurance in auditing refers to the process by which an independent auditor evaluates and verifies the accuracy, reliability, and fairness of a company’s financial statements. This service ensures that the financial information complies with established accounting standards and legal regulations. Assurance auditing includes financial audits, internal audits, and compliance audits, providing stakeholders with confidence that the company’s financial data is accurate. This process enhances transparency, builds trust among investors, and helps the company maintain regulatory compliance.

What is audit and assurance?

Audit and assurance are professional services designed to evaluate a company’s financial information and provide independent verification of its accuracy. An audit involves a detailed review of a company’s financial records, statements, and processes to ensure they comply with legal regulations and accounting standards. Assurance services go beyond financial audits, offering additional verification of the accuracy and reliability of financial and non-financial information. Both services are critical for maintaining transparency, building stakeholder trust, and ensuring regulatory compliance in sectors like finance, healthcare, and corporate governance.

What is audit and assurance services

Audit and assurance services involve evaluating and verifying the financial records and operations of a business to ensure accuracy, transparency, and compliance with regulatory standards. Audit and assurance services provide an in-depth review of financial statements, ensuring they present a fair and accurate picture of the company’s financial health. Assurance services encompass a broader scope, offering independent assessments of both financial and non-financial information to enhance the reliability of the data. These services help businesses build trust with stakeholders, improve decision-making, and maintain regulatory compliance.

What are the types of internal audit as per labour laws in India?

Internal audits play a critical role in ensuring compliance with labour laws in India. These audits help businesses stay aligned with various regulatory requirements and avoid legal penalties. Here are the key five types of internal audits as per Indian labour laws:

  1. Labour Law Compliance Audit: This audit ensures that the organization is adhering to laws like the Factories Act, Minimum Wages Act, Contract Labour Act, and Employees’ Provident Fund (EPF) and ESI provisions.
  2. Wage and Salary Audit: It verifies that minimum wage laws and payment regulations under the Payment of Wages Act and Equal Remuneration Act are properly followed.
  3. Health & Safety Compliance Audit: This audit reviews adherence to workplace safety norms as per the Factories Act, ensuring safe working conditions for employees.
  4. Employee Benefits Audit: It checks compliance with Provident Fund (PF) and Employee State Insurance (ESI) rules.
  5. Contract Labour Compliance Audit: Ensures that all contractors adhere to the provisions of the Contract Labour (Regulation and Abolition) Act.

These HR Audit consulting firms help organizations maintain efficient workforce management while avoiding legal issues.