In recent updates from the Employees’ Provident Fund Organization (EPFO), the finalized format of Form RM-6 for Third-Party Audits has been circulated to all zonal and regional offices. This step underscores the commitment to ensure compliance and transparency within EPF-exempted establishments. This notification was published on July 11, 2024.
The Form RM-6 serves as a crucial tool in the audit process, providing detailed insights into the financial health and management practices of these establishments. It requires auditors to meticulously verify and certify the accuracy of financial statements and compliance with EPF scheme regulations. Moreover, the audit report must include comprehensive details such as the establishment’s financial accounts, ownership structure, trustee board composition, and adherence to legal amendments benefiting employees.
This initiative aims to strengthen governance and accountability, ensuring that EPF-exempted establishments uphold the highest standards of financial integrity and employee welfare. By adopting stringent audit protocols, the EPFO seeks to foster trust and reliability among stakeholders, ultimately benefiting all parties involved.
