The legal audit of a company is one of the main areas of activity in Nobilex Law. Our lawyers will fully assess the company’s activities and help avoid problems and losses. A timely audit minimizes all possible risks for your company.
A legal audit is a set of actions aimed at analyzing and comprehensively studying the activities of an enterprise, as well as the legal assessment of its work under the norms of current legislation. During such an audit, lawyers check the correctness of the drafting of title documents, internal documentation of the enterprise, and the correctness and legality of existing contracts, according to which the enterprise operates.
Purpose of conducting a legal audit
The purpose of a legal audit is a comprehensive study of the activities of the enterprise, its financial condition, archival documents, analysis of sources of financing, insurance contracts and all documents directly or indirectly related to the enterprise, to detect possible violations of the law or risky issues that could cause large material losses and moral damage.
What does a legal audit include?
- Analysis of organizational and title documents, and their legitimacy, including personnel appointments and documents on movable and immovable property that is owned or used by the object of inspection;
- Assessing the legality of activities and the availability of licenses, as well as other permitting documents;
- Studying documents relating to obligations and legal relations arising when such obligations arise;
- Evaluation of trial reports;
- Analysis of receivables and payables;
- Detailed examination of financial and tax documents and reports, securities analysis.
When is it necessary to conduct a legal audit of an enterprise?
- If you want to understand the real state of affairs and document the flow of the enterprise;
- Analyze the legal side of the company’s business and internal documents;
- You are not sure of the correctness and legality of any actions of your company or the requirements of counterparties and want to conduct a legal assessment of the functioning of the enterprise in compliance with the requirements of the current legislation of Ukraine;
- If there is a risk of conducting questionable business transactions, in order to assess them legally and prevent violations of the law.
What is the procedure for conducting such an audit?
Conducting a legal audit can be divided into three main stages:
- Study and analysis of all activities of the enterprise, as well as a complete verification of documentation;
- Analysis of the audit results and preparation of a plan for further actions and development of the company;
- Elimination of deficiencies and errors discovered during the inspection, as well as preparation of the necessary missing documentation.
The lawyers of Nobilex Law discuss with you the main areas of work and the stages of the audit, at what points it is worth delving into the work in more detail, and we conclude an agreement. And after agreeing on all issues, we begin work.
Based on the results of the work carried out, we will draw up a report that will describe in detail all the stages and objects of the inspection, detected errors, violations and inaccuracies, as well as describe in detail how serious they are and what consequences, sanctions and penalties may entail., and outline all possible ways their solutions and ways out of such situations with minimal losses for the enterprise
Our specialists can conduct a legal audit of your company in the shortest possible time and with maximum efficiency. And remember that it is easier to prevent any problems than to solve them later, so call Nobilex Law right now.