Significance of Legal Audit: Post Investment Stage | Corporate Law Attorney in Delhi NCR
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In the process of legal audit, first a preliminary questionnaire is prepared which consists of few questions for the management of the Company to check and resolve before the attorneys conduct the legal audit. This questionnaire is designed based on the type of the Company. After this the Company pools up certain documents which are required by the legal auditors to conduct the legal audit. These documents are segregated into five dimensions-corporate issues, contractual issues, labor issues, tax issues, authority issues, publicity issues. In the next step, the Company management and other key personnel of the Company conduct a meeting to discuss the working of the Company and note the concern faced by the Company and the problems faced by it. In the next step, the documents acquired in the second step are reviewed. Here the auditors make sure that the documents are in accordance with the laws and are serving the requirements of the Company. The next step is to prepare a detailed audit report on the outcomes of the audit and after this there is a discussion with the management regarding the problems encountered in the audit.
