Have you considered how well your firm would stand up to a legal audit? So much of the practice of law involves strict compliance with numerous regulations and these complicated legal regulations are often intertwined with peculiar accounting requirements.
Small law firms are particularly vulnerable if they do not set up the necessary tools and procedures to protect the practice on a day-to-day basis, which is often the case. It is increasingly important to stay updated on specific legal ethics and accounting rules to prevent an auditor from slapping your firm with a severe fine. Learn about eight law firm audit flags, along with methods you can apply immediately to mitigate risks and maintain compliance.
In this video, discover how to:
- Avoid eight common mistakes auditors always spot
- Create an “airtight audit” environment throughout your practices
- Build your own audit survival kit
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