Assessment of internal processes vis-à-vis statutory obligations
Assessment of internal processes vis-à-vis statutory obligations
Even when organizations understand regulatory requirements, internal processes frequently do not fully align with statutory obligations. This disconnect can lead to compliance gaps, financial penalties, and reputational exposure. Evaluating internal processes against statutory requirements helps ensure that legal obligations are effectively integrated into everyday business operations.
Independent assessments by Singh Gulati & Associates identify gaps in process design, control effectiveness, and reporting frameworks, enabling organizations to proactively address risks and reinforce a strong culture of compliance.
About This Service
Our services are centered on reviewing whether internal processes across finance, human resources, procurement, information technology, tax, and operational functions sufficiently comply with applicable regulatory requirements. We conduct comprehensive walkthroughs of existing workflows, internal controls, and documentation methodologies.
We evaluate both the design and operational effectiveness of controls mapped to statutory obligations, including compliance under the Companies Act, SEBI reporting, RBI submissions, FEMA regulations, labour law requirements, and GST and other tax frameworks.
Our methodology identifies areas where processes are fragmented, overly manual, or insufficiently documented, potentially exposing the organization to regulatory review. We also highlight opportunities to automate, optimize, and standardize compliance-related activities.
By aligning internal processes with statutory expectations, we support organizations in minimizing compliance risks, improving transparency, and embedding sustainable governance practices.
Key Features / Scope of Work
Process walkthroughs across core business and compliance functions
Mapping of internal procedures to statutory and regulatory requirements
Evaluation of control design and operating effectiveness
Identification of compliance gaps and high-risk exposure areas
Recommendations for process enhancement and automation
Embedding compliance checkpoints into routine operations
Independent assurance to boards and regulators on regulatory alignment
Strengthening long-term governance and risk management culture
- Regulatory Compliance Risk Reviews
- Review of regulatory requirements across business functions
- Assessment of internal processes vis-à-vis statutory obligations
- Identification of compliance gaps and risk exposures
- Compliance Risk Heat Mapping & Control Design
- Advisory for remediation & control implementation
- Reporting framework for continuous compliance monitoring
- Assistance in regulatory inspections and audit readiness
- Support in Business Responsibility and Sustainability Reporting (BRSR)
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