"Audit under labour laws is new concept, which is necessitated, in direct consequence of its non-compliance in large scale". Explain this statement and list out the areas to be checked/verified the Auditor under Factorie

Audit under Labour Legislations is an effective tool for compliance management of labour legislations. It helps to detect non-compliance of various labour laws applicable to an organization and to take corrective measures. The objective of labour audit is to protect the interests of all the stakeholders. This leads to better Governance and value creation for the organization and avoids any unwarranted legal actions against the organization and its management. Labour Audit is a process of fact finding. It is a continuous process. Labour Audit will ensure a win-win situation for all interested parties. Initially the employers may frown at the idea of such Audits, but with passage of time, the compulsion of labour audit will infuse self-regulation amongst the employers. The illustrative areas to be checked /verified by Auditor under Factories Act, 1948 compliance are: Whether the factory is registered or not? If so, registration number of the factory be given. Item of manufacture. Whether hazardous industry or not if so steps suggested by appropriate government for safety have been complied with in toto. Whether Chapter IV on Safety has been complied with or not. Whether Chapter V on Welfare has been taken care of. Whether working hours are in accordance with the provisions of the Act. Maintenance of proper records of Attendance and Leaves. Provisions relating to employment of women, young person's etc. are duly complied with.