Legal Auditing

 

Legal Auditing is crucial for planning purchasing overdue accounts, valuation of companies, company interest whatever its nature, or the purchase, split, or sale of companies. This tool helps to assess the validity and legality of the legal titles held, such as contracts in general and their operational framework regarding their relationships with authorities, institutions, partners, unions, employees, suppliers, creditors, debtors, and clients.

 

Auditing activities start by creating a scheme of the legal situation of the company in its legal environment; verifying the authenticity and quality of the legal information with a compliance perspective over time, and the effectiveness of this scheme through the operations and procedures of the organization as a whole that leads to a faithful and expanded knowledge of risk levels to produce a methodological opinion that includes a section of recommendations.

 

Purpose of Auditing

 

Historical narrative, in which the facts and circumstances found and analyzed will be detailed; and valuative, proposal of solutions to specific inconsistencies found or, where applicable, the conclusion with satisfactory, demonstrated, and well-founded results.

 

Scopes of Auditing

 

Corporate information, contracts, utilities, taxes, labor, social security, retirement, clearances, licenses, memberships, properties, machinery and equipment, insurance and bond contracts, relationships with bank and credit institutions, industrial property, and technology, transfer, assets, liabilities, (in-progress and future litigations), etc.