Keeping Big Brother Away: The Significance of Legal Compliance Audits

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Legal Compliance Audits - What and Why?

The need for legal compliance need not be overemphasized. The government has upped not only its regulatory mechanisms, but also enforcement. MDAs and regulatory authorities have had their resources enhanced in order to keep abreast with the financial and operational advancements of the private sector. 

Consequently, the need for legal compliance is higher than ever. What, therefore, are the benefits of legal compliance checks for your business?

  • LCCs and LCAs help your business to avoid the financial liabilities that arise from lack of compliance or partial compliance.
  • Legal Compliance Checks (LCCs) and Legal Compliance Audits (LCAs) detect risk areas in your business and make recommendations geared at lowering or eliminating these risks.
  • Compliance checks enable your business to become aware of new or emerging laws and regulations that your business was unaware of.
  • By being aware of the possible legal pitfalls and by being conversant with new laws and regulations, your business will have an edge over competitors that to not carry out such compliance processes.

Legal Compliance Audits - How Are They Done?

In a compliance check or audit, we will analyse (with utmost confidentiality and protection) your business's documents, books, operations and processes with a view to:

  • Noting the legal aspects at play in the business
  • Ranking the level of compliance in each aspect of legal operations
  • Providing recommendations on how to improve compliance
  • Aiding you in the implementation of the compliance recommendations
The audit process will cover, depending on your business, a few or all of the below aspects:

  • Corporate Governance
  • Regulatory Matters
  • Employment Matters
  • Contracts and Agreements
  • Intellectual Property
  • Litigation Matters
  • Insurance
  • Assets
  • Leases And Licenses
  • Property Rights
  • Borrowings
  • Other Matters Specific to your entity
At Kirira & Partners Attorneys, we believe in making law simple for our clients. We believe in empowering our clients with legal know-how over and above providing the service. A compliance audit will therefore not only cover your compliance needs, but will also empower you to self-check your business in the future.

So, How Do We Begin?

Contact us at info@kirirapartners.com to schedule a consultancy session with one of us.

                                                                                                                       By: N. Wambugu, Associate

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