Legal Audit
/ˈliːɡəl ˈɔːdɪt/
Definitions
- (n.) A systematic review and evaluation of a party's legal compliance and risks, often involving contracts, regulations, and corporate governance.
The law firm conducted a legal audit to assess compliance with new regulatory requirements.
Forms
- legal audit
- legal audits
Related terms
See also
Commentary
Legal audits serve to identify and mitigate potential legal risks; clarity is key when specifying the scope and standards used in the audit report.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.