01 Feb Legal Services: Auditing Internal & External Counsel 2nd Edition

Year of Publication: 2015
Author: James S. Fargason, CIA, LLM, CMA, CPA, CFE

There is ample opportunity for auditors to dramatically improve the efficiency and effectiveness of both in-house and external legal counsel. Auditing the legal process is one way to help reduce waste associated with legal representation. The audit can be performed within a reasonable amount of time and with a moderate amount of resources, provided the appropriate steps are taken.

This updated second edition offers valuable perspectives on the following aspects of the audit:

  • Legal universe and related risks
  • Substantive testing
  • Analytics
  • Reporting
  • Control testing

 

The book offers audit checklists, key notes, and sample audit steps that will be useful to internal auditors and anyone subject to an audit of legal services.