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INFORMATION
- Compliance Owners: Basant Abraham & Sunny Shah
- Team Members: Internal Audit Team
- Purpose: To establish & run Audit processes to safeguard PH Statutory Compliances
- Key Stakeholders: Mehul Shah, Priyanshu Singh, Vaibhav Ashtaputre
- GOALS
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REQUIREMENTS
- KNOWLEDGE - Gained
- BANDWIDTH - Available
- ACCESS & APPROVALS - In Progress
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SCHEDULE
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PHASE 1
- TOP PRIORITIES: Knowledge on Statutory Laws
- STATUS: Completed
- MILESTONE 1
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PHASE 2
- TOP PRIORITIES: Process Mapping
- STATUS: In Progress
- MILESTONE 2
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PHASE 3
- TOP PRIORITIES: Mehul's sign-off & Approval to start
- STATUS: Pending
- MILESTONE 3
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ACTUAL PROGRESS
- TASKS DONE: Research work on Statutory Compliances
- TASKS CANCELED: NA
- TASKS DELAYED: NA
- TASKS ON HOLD: NA
- TASKS IN PROGRESS: Process Mapping
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RISK
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RISK 1
- SSS, PHIC, HD Non Compliance
- SEVERITY: Closure of Business
- Probability: Moderate
- LIKELIHOOD OF PRIOR DETECTION: 100% with Pro-active Audit Approach
- PROPOSED SOLUTIONS: To Audit enrollment and Eligibility to work Status Audit (Visa validation).
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RISK 2
- Other Statutory Compliances
- SEVERITY: Penalties with interest
- PROBABILITY: Moderate
- LIKELIHOOD OF PRIOR DETECTION: 100% with Pro-active Audit Approach
- PROPOSED SOLUTIONS: Refer to detailed Process Map
- To be 100% Compliant with Statutory Compliances of Philippines