Legal audit and risk assessment

Legal audit and risk assessment

Most people perceive an enterprise audit as a financial audit and do not think about the legal situation in key operational areas of their business. Thus they put themselves at unreasonable legal risk, high legal costs and penalties.

Mainly a legal audit is aimed at obtaining a general picture of the state of the company’s document flow and identifying hidden legal threats. It also ensures that you take full advantage of your legal position in relations with suppliers, customers and competitors.

Sometimes, legal audit tasks may focus on one specific area of concern. In this case, legal audit is more like emergency actions you can take to make sure your company is safe.

Our company has significant experience in dealing with complex business courts. We understand what the most common triggers of commercial lawsuits are: how to identify them at an early stage and how to reduce potential risks.

 

Types of legal audits that we provide:

 

Contract audits

Evaluation of the draft International sale of goods contracts and other contracts related to any transactions and services. Analysis of the agreement’s compliance with Russian legislation, identification of bottlenecks that potentially threaten the security of the Customer’s transaction, approval of important terms of the agreement with the counterparty, liability of the parties in case of non-fulfillment of obligations, the procedure for transferring funds, etc.;

 

Audit of disputes

Analysis of a dispute that has arisen with the participation of the organization on the application of legal norms of various industries, development of settlement options, analysis of the prospects for resolving the dispute in favor of the organization;

 

Audit of constituent and corporate documents

A study of the content of the founding documents of the organization from the point of view of conformity of civil law with the latest changes, compliance with legislative requirements as to the form and content of decisions of the management bodies of a legal entity; elaboration of proposals on bringing the statutory and corporate documents in compliance with legal requirements;

 

Audit of property rights and other proprietary rights

Verification of the existence of legal grounds for the organization’s use of real and movable property, identification of possible risks of third-party claims against the organization’s property;

 

Audit of employment contracts and local acts

Verification of compliance of these documents with the provisions of labor legislation, as well as legislation on personal data, and development of proposals for bringing them into compliance with the requirements of the legislation;

 

Comprehensive audit

It includes all the above-mentioned areas, as well as additional ones (for example, checking tax reports, applicable standard forms of contracts, compliance of the organization’s activities with the requirements of licensing legislation, etc.)

 

The above list of audit types is not exhaustive – the organization may need to check other areas of work or study individual internal processes and documents. A specific research program is developed based on the results of negotiations with the client.