In order to effectively serve its customers and other stakeholders, a company must develop a sound legal model for the achievement of its objectives. Just like its accounting counterpart, every so often, it is prudent for the Board to seek the services of external advisors to periodically perform periodic reality checks to test and adjust the validity of the legal model which typically takes the form of a legal audit
In today’s business world, and particularly given the devolution agenda, there are very may laws being enacted both at national and county levels. It is not always easy to keep pace with these legal developments. A legal audit will therefore give a client the assurance that they are in compliance with all applicable laws processes and procedures and that indeed in the case of any compliance there is an agreed action plan to put in place compliance measures. A compliance audit may also result in the simplification of applicable laws for ease of application by a client .