Compliance Audit Services – Sarsson Accounting Services

SAS | Compliance Services

The regulatory compliances keep changing very frequently. It sometimes gets difficult for companies to keep track of them. When an organization fails to do that, there could be some serious consequences, even leading to heavy penalties and fines. SAS provides compliance audit services to help companies remain compliant with various regulatory requirements.

WHAT IS A COMPLIANCE AUDIT
Compliance auditing is an independent evaluation of an organization to ensure that it is following rules, regulations, and external laws or internal guidelines, controls, and policies and procedures. It also determines whether or not the company is conforming to an agreement. It is in the interest of the companies to carry out compliance auditing regularly to avoid future problems.

This audit also reviews compliance with HR, IT and security issues, quality management, etc. Depending upon the type of organization, different approaches are made. If you want to have a compliance audit for medical facilities, then compliance requirements may need information regarding IT infrastructure, software applications, privacy, data storage, and protection.

What is the purpose of a compliance audit…
Compliance audit services gauge how an organization adheres to the rules and regulations, policies and procedures, and the internal code of conduct. The purpose of a compliance audit is to ensure that the entity is fully compliant with the regulatory requirements. It assures the management and stakeholders that the company is complying with all the applicable laws.

Our dedicated and professional team of experts with decades of experience, and professionals who are experts in different laws. They keep updated with changing compliance requirements and help you stay updated as well.

Benefits of compliance audit

Compliance audit helps in complying with all the rules and regulations applicable to the company including, direct tax, indirect tax, companies act, Environmental laws, etc.
It ensures efficient record management when it comes to vouchers, returns, forms, challans, and supporting documents forming part of the legal documentation.
It ensures the accuracy and completeness of the legal documentation.
It streamlines the overall compliance management process by providing necessary procedures and guidelines.

Compliance Audit Procedures

At SAS, our procedure of compliance auditing includes five simple steps which are:

After your company contacts us, our staff visits your office or workplace and runs a pre-audit meeting to finalise the audit plan.
Our staff understand your business through discussions and meetings. Various documents are required for a better and deeper knowledge of your business.
Our staff conducts the audit, follow compliance audit checklists, and work out applicable compliances which largely depends on the size and nature of your business.
The observations and results are compiled by our staff into a draft report which is actual a corrective plan for the business.
The draft report is reviewed with the client and out of it, a final report prepared and submitted to the client that shall contain the requisite suggestions and solutions.

Scope Of Compliance Auditing

Reviewing the applicability and documentation of applicable compliances as per the nature of the business
Verifying the claims, utilization, and return of taxes applicable under various statutes and laws
Suggesting and helping companies to implement various methods to improve the compliance management system

Our Uniqueness

If you are looking for a professional compliance auditing experience, then you must know that it requires a robust digital environment and mechanism for the examination of accounts and records to ensure complete compliance with the latest rules, regulations, laws, plans, and policies.
At SAS, we offer your precise and infallible compliance auditing service carried out by our experienced and professional Accountants and other experts while ticking all the checkboxes of audit checkpoints and other rules. We also stand behind you as a trusted partner who follows statutory compliances. Choose us if you are looking for perfection.