CS Professional · Labour Laws and Practice · Industrial and Labour Laws Audit
Bharat Textiles Pvt Ltd engaged a consultant for a labour law audit. The consultant said the audit should mainly examine whether the company's practices match the requirements of applicable labour laws, and report gaps. Which description best fits the concept of a labour law audit?
A labour law audit is a systematic examination of whether an establishment complies with applicable labour laws, covering registers, returns, payments and workplace practices, and it reports deviations. It is not a financial audit, wage negotiation or a judicial inquiry into disputes.
- AA systematic check of compliance with labour law requirements, registers, returns and practices, reporting deviationsCorrect
- BA check limited to verifying the company's statutory auditor's financial statements
- CA process of fixing wages for workers through negotiation with unions
- DA judicial inquiry into industrial disputes pending before a Tribunal
Explanation
A labour law audit is a compliance review of how far an establishment follows applicable labour laws, including records, returns, payments and practices, and it reports deviations. The other options describe financial audit, collective bargaining and adjudication, which are different functions.
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