Understanding Statutory Audit from an HR Perspective: What Should We Know?

Dear all,

Can somebody help me by explaining what statutory audit is from an HR point of view? What are the procedures to be carried out?

1) To cross-verify the calculations made in filing Challans/Returns for both EPF and ESI.

2) Whether the Challans and Returns are being filed before the due date of the same?

3) To cross-verify the new joiner and left employees' data in the details submitted.

Hi Kamalakkannan,

The attached format will specify the documents to be audited.

Regards,
Kamalakkannan.V

Statutory Audit applicable to the HR function would be a Statutory Compliance Audit. This audit will focus on compliance with the provisions of different acts and legislations relating to employees and labor. Generally, a compliance checklist is prepared for each applicable legislation by auditors before starting the audit.

Thanks & Regards

Hi Friends,

Could somebody please help provide the salary slip format under minimum wages for Uttar Pradesh? I am looking for information on how much should be allocated to BASIC, VDA, HRA ratio, etc.

Thank you,
Najib Akhtar