This document discusses legal and regulatory compliance audit services provided by Intuit Consultancy. A compliance audit evaluates a company's adherence to applicable laws and regulations. It identifies risks of non-compliance and provides recommendations to improve compliance. Benefits include reduced penalties, stronger corporate governance and reputation. Intuit offers compliance audits covering various legal areas that follow a methodology of examining records, identifying gaps, and discussing recommendations with management.

1. LEGAL & REGULATORY COMPLIANCE
AUDIT SERVICES
www.intuitconsultancy.com

2. WHAT IS LEGAL & REGULATORY COMPLIANCE AUDIT
Appraisal
A Legal Compliance Audit is
an appraisal of organizations
operations to determine its
compliance with the laws
and regulations that apply to
it
Risk mitigation
It advises on mitigation of
risk and liabilities and
formulates customized
guidelines
Simplify Focus
Lead the way to simplify
compliances for all
businesses, enabling them
to focus on their core
activities and helping
bring a positive change in
the corporate culture
Indicator
A strong compliance
program is an indication
of the overall health of a
company, and makes you
much more attractive to
customers, investors and
partners

3. WHAT IS LEGAL & REGULATORY COMPLIANCE AUDIT
Media & Shareholders Compulsion from
Regulators
Loss of Reputation
Cost of non-compliance is
higher than cost of
Compliance
RISK PENALTYA systematic, independent and documented verification
process of objectively obtaining and evaluating audit
evidence to determine whether specific criteria's are met
in relation to applicable legal compliance
It is imperative for organizations to develop a Robust
Legal Compliance System which will achieve
excellence in Corporate Governance and inculcate
healthy compliance culture within the organization
The changing scenario of the legal system raises the
bar on governance and thrusts greater responsibility
and obligation on the Company all around the globe
A dedicated team coordinates and monitors all your global subsidiary Corporate Governance activities.
By offering you this “single point of contact” approach, we ensure the smooth and uninterrupted operation of your core business
operations while creating cost savings effected by IMC’s global network of offices and agents

4. WHY LEGAL & REGULATORY COMPLIANCE AUDIT
Increase focus on governance,
accountability & transparency
The legal audit also lays the groundwork for
the establishment of an ongoing legal
compliance and prevention program in
order to ensure that the company’s goals,
structure and ongoing operations are
consistent with the latest developments in
business and corporate law.
Small non-compliance can lead to reputation
risk to the organization!
01
Complexity in various applicable
law of land
02
03
04
Non compliances could lead to
Penalty
Failure to obtain all proper
permits and license could lead to fines,
penalties, and, in some cases, even closure of
unit by the governmental agencies
Risk exposure for Directors and
Executives of the business

5. COVERAGE
Category of Law Covered
• Corporate
• Tax (Direct & Indirect)
• Industry Specific
• Commercial
• Import & Export
• Environment, Health & safety
• Municipal law
• Labour Law
Types of Compliance
• Preliminary Compliances [to be done
immediately after set up]
• Ongoing Compliance [to be done on
routine basis]
• Periodic Compliance [to be done after
certain time]
• Conditional Compliance [to be done on
occurrence of certain event]

6. 04
Understanding relevant compliance requirement
(applicable laws based on Jurisdiction)
METHODOLOGY
01
02
03
Examination & Review
(all statutory records & documents maintained for compliance)
Gap analysis & preparation of Report
(Preparation of report highlighting areas of non-compliance)
Discussion of Recommendation with
Management
Submission of Final Report05

7. COMPLIANCE AUDIT  STEPS
02
STEP
Segregate different
areas of the
company to audit
01
STEP
IMC
Engagement
03STEP
Fact finding through
interviews, document
Examination
04STEP
05STEP
Discussion of
findings and
recommendations
Compliance Audit Aim:
An effective compliance audit process ensures your
company is following regulations and avoiding sanctions.
- Detect compliance issues
- Prevent before they become a problem.
- Respond to the required regulations
DETECT
PREVENT
RESPOND

8. OTHER COMPLIANCE SERVICES
Providing liasoning support to do the
compliance
Questions and Answer session on
compliance
Support to identify vendor for
liasoning and filing
Review of deliverables of vendors
Understanding Global compliance
requirements
Hands on training for filing returns
and maintaining record & registers

9. WHY IMC?
Rich in
experience in
providing
legal &
regulatory
compliance
solution to
various
Business type
Professional
team which
includes
qualified CA,
CS, CPA and
Lawyers to
cater to your
requirement
Audit covering
minute level of
compliances
&
Domain
expertise for
all category of
laws
Efficient
response time
& better
quality and
user friendly
services
Global
Coverage of
almost 120
jurisdictions
and assist in
complete end
to end
solutions

10. ABOUT US
IMC is a cross border advisory firm focusing on the IMEA (India, Middle East & Africa)
markets. We specialize in corporate advisory services, global mobility services, private client
& family advisory, international tax, corporate finance, mergers & acquisitions, investment
advisory and business support & outsourcing solutions.
IMC is a member firm of CPA Associates International, Inc. (CPAAI), an international
association of high-quality CPA and law firms that provide clients with professional
accounting, auditing, tax, legal and consulting services. CPAAI includes over 150 members in
more than 60 countries throughout the world.

11. Dubai, UAE
+9714 3709963
https://www.facebook.com/IMCAdvisory
https://twitter.com/intuitconsult
Contact us
At Our Offices
UNITED ARAB EMIRATES
M02 NBQ Building,
Khalid Bin Al Waleed Road,
Bur Dubai, P.O. Box 115887,
Dubai, United Arab Emirates
KINGDOM OF SAUDI ARABIA
P.O. Box 31991, Al Khobar 319522
Kingdom of Saudi Arabia
SINGAPORE
Block 11, Joo Seng Road,07-114
Singapore 360011
INDIA
Chennai
No.7 Sriji Palace, 17, E.V.K Sampath Road,
Vepery, Chennai – 600 007, India
Mumbai
LLP 64,1st Floor,
Raghuleela Mega Mall,
Behind Poisar Bus Depot,
Kandivali (W), Mumbai – 400067.
bc@intuitconsultancy.com
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