Regular legal audits can help corporate organizations maintain compliance with state and federal laws, prevent conflicts and protect organizations from liability. It is an essential task that should be used as a preventative measure to manage your company’s legal risk. The most common problems arise from the use of outdated forms, failure to account for changes in the law, or never having a compliance system in place to check for conflicts and other issues. The best way to minimize liability is to identify the core areas of operation for your company and make a checklist of the possible issues facing that section of your practice.
An experienced business lawyer at our law firm can assess your company’s current and future legal issues and evaluate it against industry standards and other applicable laws. Our successful audit will show companies how to amend current procedures and policies to reflect a new process that effectively addresses new legal issues. Successfully implemented audits will spot any potential problems and provide a report to be used to fix any actual issue before a lawsuit arises. The final product of a renewed prevention program will aid in ensuring your company is functioning consistently with new business and corporate laws
The process for legal audit at our firm starts with “Red-Flagging.” When an area of audit is red flagged for a potential legal issue, the first step is to identify the specific issue so there is clarity as to the problem. Second is to collect employee knowledge on that issue. Our firm engages hand-in-hand with our clients to request information from employees working in the targeted area, review responses and present the information to company executives and advisors for further assessment. Third, we [...]