Any business must operate in accordance with the law. However, not every manager in Ukraine has the relevant legal knowledge to understand whether his or her organization's work complies with legal requirements and regulations. This is exactly what a legal audit is for. It will protect your business from violating the charter and paying subsequent fines.

Why do you need a legal audit of a company?

A legal audit of a business is an inspection of the organization's work from the point of view of the law. Experts will conduct research and identify existing problems. Based on the results of the audit, you will need to correct the shortcomings. Absolutely all transactions, contracts, and agreements of the company are subject to verification. After that, a detailed report is generated indicating violations.

The main task of a legal audit of a company is to organize the company's work in accordance with the law.

There are the following objectives of a commercial organization audit:

to identify violations of the law;
obtain information about the legal aspect of the company's work from an objective source;
analyze the level of risk of fines being imposed on the company;
to formulate a strategy for eliminating errors;
increase the liquidity of the company;
make the business "transparent" in the eyes of depositors, banks or clients.

During a legal and financial audit, the legality of the calculation of duties, the rational use of available inventory, documentation, and assets are checked. The legal entity also checks whether the company's debts are recorded in the report and whether it complies with the accounting policy.

How a legal audit of a company is performed

In order to effectively conduct a legal tax audit, you should trust experienced and decent professionals. Kay Solutions specialists will analyze and point out legal issues, explain the nuances of the upcoming inspection, and individually discuss the timing of the service and its cost with each client.

The main responsibility of the director is to provide the auditors with complete information about the company's activities and all documentation.

The procedure consists of six stages:

The auditor draws up an individual audit plan.
The documentation provided by the customer is studied.
The information is systematized.
The documentation is analyzed.
All documents are checked for compliance with legal regulations.
A report on the work performed is prepared. It also substantiates the identified shortcomings and recommendations for their elimination.

What does the client receive during the inspection?

After the audit, the client receives a conclusion that contains

a detailed list of issues to be checked;
analysis of the legislation;
information on tax liabilities;
analysis of all documents of the organization;
advice on how to organize the company's activities and documentation.

Conducting an objective analysis of business activities is not a waste of time, as timely detection of inconsistencies and preparation for the audit will help to avoid problems in the future.

Order a service at Kay Solutions

If you need to evaluate the activities of an enterprise in Kyiv for compliance with the law, order a legal audit of the company. Such a procedure will help the client understand the state of affairs, the risks and what needs to be done to avoid being fined by the relevant services for non-compliance with legal regulations.

Our experts will provide a conclusion on the identified violations, advice on how to eliminate them and reduce possible risks. All documentation regarding the procedure is not disclosed to third parties. To learn more about the details of the service, its price and order an audit, please call our managers.

Legal audit of business