Compliance Audit
Compliance Audit
“Assuring Adherence. Safeguarding Reputation. Ensuring Business Continuity.”
In today’s highly regulated business environment, compliance is not optional — it’s critical for business continuity, investor trust, and operational transparency. A Compliance Audit is a comprehensive, independent evaluation of whether an organization adheres to applicable laws, regulations, codes of conduct, internal policies, and contractual obligations.
At Prags Group, we conduct structured compliance audits to help you identify gaps, mitigate risks, and stay on the right side of the law — whether it’s tax, labor laws, industry-specific regulations, or internal controls.
Objectives of a Compliance Audit
- To verify adherence to applicable regulatory frameworks
- To identify non-compliance risks and potential liabilities
- To assess the effectiveness of internal compliance controls
- To provide actionable recommendations for rectification
- To protect the organization from penalties, license risks, or reputational damage
Scope of Compliance Audit Services
01
Statutory & Regulatory Compliance
- Companies Act, 2013 compliance
- Income Tax Act & GST Act provisions
- FEMA, RBI, SEBI, or IRDA guidelines (where applicable)
- FCRA, CSR, and Environmental norms (for specific entities)
02
Labor & HR Compliance
- PF, ESI, gratuity, bonus, maternity, minimum wages
- Shops & Establishments, CLRA, and POSH compliance
03
Internal Policy Compliance
- Adherence to SOPs, ethical codes, HR manuals, finance policies
- Review of board resolutions, audit committee practices, and delegation of authority
- Code of conduct enforcement and training compliance
04
Contractual & Industry-Specific Compliance
- Review of contracts, SLAs, NDAs, and customer/vendor obligations
- Sectoral guidelines (IT/ITES, manufacturing, healthcare, etc.)
- Review of licenses, renewals, and government filings
Ideal For
- Corporates & MSMEs aiming to strengthen compliance systems
- Startups preparing for funding, due diligence, or ISO/VC audits
- Listed companies & NBFCs under SEBI, RBI, or MCA oversight
- NGOs or CSR projects under FCRA or CSR Rules
- Businesses expanding internationally or entering regulated sectors
Deliverables from Prags Group
- Compliance Audit Report with color-coded risk matrix
- Gap analysis with root cause and compliance roadmap
- Regulatory deadline tracker and customized compliance checklist
- Management summary for Board/Investors
- Suggestion for compliance automation and tracking tools
Value Delivered
- Avoidance of legal penalties and license cancellations
- Increased investor, lender, and regulatory confidence
- Improved internal accountability and transparency
- Smooth due diligence for M&A, IPO, or funding rounds
- Stronger governance culture across departments
Why Prags Group?
- CA-led team with expertise in law, compliance, and business risk
- Hands-on experience with startups, NBFCs, NGOs, and listed entities
- Real-time compliance tracking tools & reporting dashboards
- Discreet and confidential audit process
- Personalized guidance post-audit for implementation
PRAGS GROUP
Why Prags Group?
- Experienced Team of CAs, internal auditors, and risk consultants
- Customized Solutions tailored to your industry and business size
- Confidentiality & Integrity at every stage of the audit
- Post-Audit Support to strengthen internal systems
- Technology-Oriented audit tools for better accuracy
Ready to make compliance a competitive advantage?
Contact Prags Group today for a tailored Compliance Audit.
Address
D-91, Sector 27, Noida (UP)
Info@pragsgroup.com
Phone
+91 8447786363