Statutory and non-statutory benefits provided by human resource management to employees include things such as insurance, workers compensation and payment into F.I.C.A and unemployment. Some benefits are mandated by law while others are optional.
Compensation updatesIssuance of form 16Year-End Investment Proof collection and verificationAssistance during PF inspections and AuditsRegular Statutory UpdatesThese are some of the activities of Statutory Compliance Management from company like ADP India.
Compliance management system from company like ADP India provides the features such as Statutory Compliance Audit Factory compliance Services CLRA Management Trust Management
Statutory Audits are those mandated by a statute. So by that definition even tax audit is a statutory audit.The management of the organization makes the appointment of an internal auditor. The statutory auditor is appointed by different authorities. First statutory auditors are appointed by the shareholders in the annual general meeting. The main object of the statutory audit is to form an opinion on the financial statement of the organization auditor has to state that whether the financial statements are showing the true and fair view of the affairs of the organization or not. The main object of the internal audit is to detect and prevent the errors and frauds.The scope of the statutory audit is fixed by the company act. it can not be changed by mutual consent between the auditor and the management of the audited business unit. The scope of the internal audit is fixed by the mutual consent of the auditor and the management of the unit under audit.
1. Natural Authority 2. Constitutional Authority 3. Statutory Authority
Statutory control is a type of company management that has been imposed by an industrial authority. Malpractice or corruption can lead an industrial authority to appoint a special team to run a company until investigations are complete.
Statutory Body
what is the difference between statutory audit and non statutory audit.
1.Communication 2. Training 3. Management of stress and trauma 4.Interpretation of statutory instruments
statutory expenses
What is statutory inducements
A statutory body deals with written law; non-statutory deals with implied law.