By implementing techniques of auditing the legal process, internal audit departments can help both in-house and external legal counsel control and reduce legal costs and dramatically improve efficiency and effectiveness. An informative resource, Legal Services: Auditing Internal & External Counsel, 2nd Edition, provides internal audit departments with valuable techniques and perspectives.
This updated second edition offers perspectives on the following aspects of the audit:
- Legal universe and related risks
- Substantive testing
- Control testing
By employing these methods, internal auditors can perform a legal audit within a reasonable amount of time while expending a moderate amount of resources. Included are audit checklists, key notes, and sample audit steps useful to internal auditors and anyone subject to an audit.
About the Author:
James S. Fargason has been a member of the auditing and legal professions for more than 25 years and has extensive experience auditing legal services, including legal departments and external law firms. He has worked with a variety of reputable organizations, including many Fortune 500 companies and large consulting firms. He has a degree in international and comparative law and currently serves as a full-time faculty member at Louisiana State University.
Item Number: 10.1197