The Importance Of Legal Audits

Law360, New York (February 1, 2012, 1:36 PM EST) -- Legal audits provide a good opportunity for nonprofit organizations and associations to prevent unexpected liability by addressing and resolving problematic issues before they escalate.

Risks of liability are a serious concern for nonprofit organizations and associations. A legal audit is particularly important if the association or nonprofit organization has recently undergone a change in management, so that preexisting problems are not attributed to the new leadership.

Most organizations conduct financial audits, but many neglect ensuring their legal house is in order by doing a legal audit....
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