Contractual & Legal Audit
Our contractual and legal audit services are designed to verify the accounts of your company whether they accurately represent the economic realities of all contractual obligations and legal requirements or not. Based on national and International Standards on Auditing (ISA), our legal team will carefully evaluate your contracts and legal papers to detect any potential risks, liabilities, or areas of non-compliance with the regulation and will offer you with thorough analyses and recommendations to help you optimize your legal framework.
Specialized Solutions
Contract Review: Examination of existing contracts to identify legal issues and internal control strengths/weaknesses.
Legal Compliance Assessment: Ensuring business processes align with laws and regulations; risk assessment and data sampling.
Risk Identification and Mitigation: Identifying potential risks in contracts and legal documents with mitigation recommendations.
Legal Framework Optimization: Strategic advice for aligning legal frameworks with business objectives to minimize legal risks.
Why Us?
Experienced Legal Professionals: Skilled team with extensive experience in contractual and legal matters.
Tailored Approach: Customized solutions to meet individual business demands and industry regulations.
Comprehensive Analysis: Thorough examination of all contract and legal document aspects.
Actionable Recommendations: Providing practical solutions, tactics for problem resolution, advice on control weaknesses, and confirmation of complex transaction accounting treatments.
Our Process
Initial Consultation: Discussing business needs, goals, and issues.
Document Collection: Gathering necessary contracts and legal papers for review.
Audit and Analysis: Conducting a thorough review to find risks and improvement opportunities.
Report and Recommendations: Delivering a comprehensive report with practical recommendations.
Consultation and Implementation: Assisting with the implementation of proposed changes.
Follow-up and Support: Continuous assistance and support for legal compliance and success.
Core Priorities
Assess the percentage of identified risks that align with actual risks.
Collect client feedback and ratings on the quality and efficiency of our services.
Calculate the number of identified and effectively resolved compliance gaps.
Frequently Asked Questions
Am I required to submit to a legal audit?
Companies that are required to appoint an external auditor and conduct a legal audit of their accounting are Commercial companies (SA, SARL) when they exceed two of the three following thresholds at the end of an accounting period according to Article 13 (new) of the commercial companies code:
Balance sheet total: 100,000,000.
Total duty-free products 300,000,000.
Average number of employees 10.
Other types of companies, the limits, and the method of calculating the average number of employees, provided for in paragraphs 2 and 3 of this article, shall be fixed by decree.
Balance sheet total 1,500,000,000
Total duty-free products 2,000,000,000
Average number of employees 30
Am I required to submit to a contractual audit?
In contrast to a legal audit, a contractual audit is a one-time mission with terms agreed upon between the company and the auditor in an engagement letter. This intervention tries to provide feedback on the company's financial statements during specific occasions, such as an evaluation of the company to introduce new capital investors.
Why is a contractual and legal audit important to my company?
A contractual and legal audit assists in identifying potential risks, ensuring compliance with laws and regulations, and optimizing your legal framework to protect your company from legal hazards.
How long does an audit normally take?
The length of the audit depends on the size and complexity of your company, as well as the number of contracts and legal documents that must be checked. During the initial session, we will offer you an expected timeline.
Can you help with implementing the suggested changes?
Yes, we provide consulting and assistance in implementing the suggested adjustments and methods to better your legal framework.
Will the audit impact our ongoing business operations?
Taking into consideration the importance of causing as little disturbance as possible to your business during the audit process, our team works effectively and collaboratively with your internal stakeholders.
