Audit Services and Institute Compliance (ASIC) is an independent and objective assurance and advisory function that is guided by a philosophy of adding value to improve the operations of the California Institute of Technology (the Institute). It assists the Institute in accomplishing its objectives by bringing a systematic and disciplined approach to evaluate and improve the effectiveness of the organization’s governance, risk management, compliance, and internal control.

This Charter describes the mission, commitment, authority, independence, accountability, and principal responsibilities of ASIC.

Payroll setup & Processing

Employee Onboarding & Record Keeping

Payroll Tax Returns & Exemptions

Interpreting Award Requirements

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Our Work Flow Model

Our approach to Various accounting roles like Bookkeeping, Tax returns, Lodgements, SMS, and Payroll processing, involves a streamlined and secure workflow model. We propose sharing client data via a secure cloud drive, such as Google Drive or Dropbox, ensuring real-time access and enhanced data security. All work performed on the data will be saved directly to the shared drive, prioritizing data integrity and client privacy. We have integrated various workflow tools & software in our operations model to enhance efficiency and productivity and negate any margins for error.

Our team will conduct reconciliation and prepare the client’s financials on trusted platforms like Xero Lodgeit, QB, Myob, etc. In the case of any queries regarding bank entries, we will draft and share an email for your review and approval before forwarding it to the client.