A legal audit is a detailed analysis of a company’s legal status to identify potential legal risks
associated with its operations. This audit is particularly important in the context of business
transactions, such as acquisitions, mergers, and structural changes of the company, but it can also
apply to routine business management activities aimed at safeguarding the company’s operations.
Scope of legal audit
A legal audit is a comprehensive process that covers various areas of a company’s operations.
Below are the key elements of a legal audit:
- Review of corporate documentation
- Analysis of civil law contracts
- Control of intellectual property matters
- Review of compliance with labor laws
- Analysis of the status of arrears and financial liabilities
- Compliance with data protection regulations (RODO)
A legal audit is a key component of risk and compliance management. By conducting a thorough
analysis, a company can identify potential legal risks, improve its internal procedures and avoid
costly consequences resulting from non-compliance. A legal audit not only helps with the day-today
operations of a company, but is also an essential part of preparing for transactions such as
mergers, acquisitions or the sale of a business.