EHS Audit & Due Diligence

Timely examination of compliance reduces risks as well as potential cost of non-compliance and also builds better corporate image. EHS Audit establishes better compliance platform by checking the compliances with the provisions of various statutes, laws, rules & regulations, procedures by a Practicing Company Secretary to make necessary recommendations/ remedies.

NEED FOR EHS AUDIT         

EHS Audit is the process of independent verification, examination of level of compliance of applicable Corporate Laws to a company. The audit process if properly devised ensures timely compliance and eliminates any un-intended noncompliance of various applicable rules and regulations. An action plan of the Corporate Secretarial Department is to be designed so as to ensure that all event based and time-based compliances are considered and acted upon. Secretarial Audit is to be on the principle of “Prevention is better than cure” rather than postmortem exercise and to find faults. Broadly, the need for EHS Audit is:

  • Effective mechanism to ensure that the legal and procedural requirements are duly complied
  • Provides a level of confidence to the directors, officers in default, Key Managerial Personnel
  • Directors can concentrate on important business matters as EHS Audit ensures legal and procedural
  • Strengthen the image and goodwill of a company in the minds of regulators and stakeholders
  • EHS Audit is an effective compliance risk management
  • It helps the investor in analyzing the compliance level of companies, thereby increases the reputation.
  • EHS Audit is an effective governance tool.                                                                                                                              

key features of the GEHSC EHS compliance audit program are the following:

  • It can be an effective due diligence exercise for the prospective acquirer of a company or controlling interest or a joint venture
  • It assures the owners that management and affairs of the company are being conducted in accordance with requirements of laws, and that the owners stake is not being exposed to undue risk.
  • It ensures the Management of a company that those who are charged with the duty and responsibility of compliance with the requirements of law are performing their duties competently, effectively and
  • It ensures the Management that the company has complied with the laws and, therefore, they are not likely to be exposed to penal or other liability or to action by law enforcement agencies for non- compliance by the
  • It being proactive measure for compliance with a plethora of laws, it will have a salutary effect of substantially lessening the burden of the law-enforcement
  • Instilling professional discipline and self-regulations.

Reduces the work load of the regulators due to better and timely compliances.