Secretarial Audit is a compliance audit. It is a part of total compliance management in an organization. It is an effective tool for corporate compliance management, which helps to detect noncompliance and to take corrective measures.
Secretarial Audit is a process
- To check compliance with the provisions of various laws and rules/ regulations/procedures, maintenance of books, records etc.,
- By an independent professional
- To make sure that the legal and procedural requirements are complied with
- Also followed the due process.
- It is essentially a mechanism to monitor compliance with the requirements of stated laws.