IT Audit
Cyber Security & Risk Management
IT Legal Audit, Risk Management, Due Diligence, Regulatory Compliances, Solicitation and Litigation support related services
Nowadays, in this cut-throat competition, various Organizations are forced to work in a very complicated environment, hence for smooth running of any business/ Organization i.e. also at minimal cost and/ or with no legal dispute is the essence of present and future business. Hence, need of IT Legal Audit, Risk Management, Due Diligence, Regulatory, Compliances, Solicitation and Litigation support related services is paramount for successful Entrepreneurs.
No doubt, the most valuable commodity in today’s business is “Data”, i.e. Confidential and Proprietary Information of any Organization. The more you know about your Company, your competition, and your customers the better poised to quickly adapt to changes in the marketplace to capitalize your Data into opportunities.
Unlike other auditors, IT Legal Auditors start with a single operational area of your business and then move on to deep and detailed forensic analysis of your legal position to make sure so that you don’t have any hidden prospective legal risks and/or threat from any Entity. As a general perception, when people picture a legal audit, they imagine teams of lawyers in black suits roaming around with bulk of files and documents with tons of questions to be asked from departmental heads.
But a very few people who have implemented proper legal auditing at their business actually know that it is far from truth. The idea behind legal audit is to focus on your strengths and then identifying the existing risks and curbing them and finally to foresee any potential threat that you may come across in the near future in terms of litigation, fines or heavy penalties.
The best legal audits are seamless, unobtrusive and flawless as they do not interfere with the day-to-day functioning and management of your company. It is of utmost importance when it comes to IT related services, such as managing social media handles, mail configuration, server management and using proxy-servers to stay away from cyber-attacks and cybercrimes.
For small Firms or big Corporates and Companies, the first step is to determine what area/department of your company should be audited, what area of particular operations should be audited etc. During this step the scope and goals of the audit are identified. The scope of the audit will be based on your industry, past legal issues, and the length of time since your last legal audit.
Our State-of-the-Art and Customized Legal Auditing Services:
Whether you have a big company or smaller entity, our expert team of auditors will carefully examine its structure and business operations and finally conduct and provide detailed legal evaluation of the following heads: -
No doubt, the most valuable commodity in today’s business is “Data”, i.e. Confidential and Proprietary Information of any Organization. The more you know about your Company, your competition, and your customers the better poised to quickly adapt to changes in the marketplace to capitalize your Data into opportunities.
- Formulate and execute Vendor selection process;
- Antecedent/ Background verification of prospective and existing Vendors and key managerial Employees;
- Organizational structure and its nature of business;
- Company assets and liabilities;
- Human resource policies, employee verification and antecedent check-ups;
- Agreement and Contracts: Company to Company, Vendor, Employees, sales; as-well-as any other contracts or legal agreements and documentation with easy bail out options;
- Non-disclosure agreements (NDAs);
- Invent and execute methodology in securing Companies Confidential Proprietary Data;
- Vet existing and formulate new processes for better functioning of any Department/ Organization;
- Emphasize on cost cutting and smooth functioning of business;
- Periodically conduct due diligence and audit;
- Review of trademark and copyright registrations as-well-as licensing agreements;
- Shareholder, operating and joint-venture agreements;
- Review commercial property and equipment leases;
- Review current and past litigation;
- Types of insurance and coverage;
- Compliance with industry specific regulations licenses and permissions;
- Formulate and execute dispute resolution;
- Provide legal solicitation, remedial measures, execution till the final logical conclusion.
In sum, legal auditing act as a ‘Well- being legal diagnose’ for every Organization and goes beyond mere compliance or statutory issues because it also makes sure you are taking full advantage of your legal position as it relates to your Vendors, Customers, Employees and competitors. Just like you get your car serviced and visit hospital for physical check-up, legal auditing is vital for your company’s overall legal health.