Hassan Luk LLP provide audit services to a vast number of corporate groups, owner-managed businesses, not-for-profit organisations and public sector organisations.
If you suspect that some aspect of your operation isn’t 100% compliant or you just want the peace of mind that comes from knowing that you’re doing everything right and you’re protected from very expensive claims and regulatory interventions, our Legal Audit service is the perfect solution for you. Designed to preempt any potential legal risks before they can harm your organisation's reputation, our legal audit safeguards the future of your business and helps uncover new opportunities for growth and improvement.
Once we have assessed with a company where risk to the business can arise, we make recommendations as to internal and external communications, record keeping, and document controls. Communication controls are assessed on a case by case basis and are tailored to what we see in the business.
Put simply, the sooner you ensure that you’re straightened out legally, the less chance that you’ll run into potential problems and expenses further down the road. But more than that, you’ll also be able to sleep easier and worry less about your business, meaning you can enjoy the time with the people you love more.
We ensure you have accurate accounting records in place and that private and corporate finances are accounted for separately.
From employee contracts to handling recruitment and letting go of employees, we ensure you have the correct documentation and practices in place.
Non-compliance with industry standards and regulations can lead to fines, legal action and even imprisonment so it’s important to have an expert review your practices.
Accurate quarterly reporting can protect your business from issues with investors and creditors.
Training and auditing are fundamental parts of any compliance programme. Regular training delivers a clear message to the business as to its regulatory obligations, and what this means in practice, as well as how to spot and report any issues within the business.
Compliance training should extend to all employees, including management, senior executives and board members, with greater emphasis on high-risk groups of employees, such as sales, purchasing and technical groups.
Businesses should conduct regular audits of the efficacy of all systems controls, in order to highlight any gaps or failures within the system. Existing controls should be assessed for their appropriateness and functionality in mitigating any inherent compliance risk.
Grant audits play a crucial role in providing assurance to grant providers regarding the utilisation of grant funding by recipients.
These audits involve an independent and thorough examination of the figures outlined in the grant claim. Our auditors review the costs incurred, ensuring strict adherence to the terms and conditions specified by the grant. Following the audit, an accountant's report is generated, offering a clear statement on whether the expenditure aligns with the grant's requirements.
At Hassan Luk LLP, we bring expertise to grant audits, ensuring transparency and accountability in the use of grant funds.
A construction audit is a detailed review of a project's contracts, costs, compliance and performance to help project owners, developers and stakeholders identify and address issues like cost overruns, contract noncompliance and project cost risk management. Construction audits are part of construction project cost advisory services, which help you manage costs from planning through project completion by making sure contracts protect the owner and are followed, unnecessary project costs and expenses are avoided and potential savings are recovered.
Reasons to undertake construction audit:
Whether you’re a small team of two or an AIM listed business, we’ll deliver a high-quality and independent audit. Our services include voluntary and statutory audits, as well as other assurance services.
Once we understand your objectives and business procedures, our experts then tailor an audit approach to you.
In accordance with the International Standards on Auditing (ISAs) we adopt a risk-based approach to audit and prioritise resources where they’ll deliver the greatest benefit. Our specialists will assess the key day-to-day risks faced by your business and consider how these could impact on the financial statements – then plan their audit process accordingly.
Next, it’s time to gather as much information as possible in detail. We can perform this remotely or at your premises, whichever you prefer – we like to give our clients the choice. This can be asking questions, running tests or collecting samples. Once we have everything we need, we’ll be in contact, keeping things as simple and efficient as possible.
Our experts thrive off clear and open conversation. That’s why throughout the entire audit process, they’ll maintain regular communication and keep you up-to-date with regulatory developments or changes that could affect your business.
At Hassan Luk, we employ a commercially-minded, client-centred approach. This means that when you come on board as a Legal Audit client, we’ll sit down and get everything out in the open. We strip down the confusing legal jargon as much as possible, so you have a clear understanding of what we are doing and any risks that your business may be facing.
You can tell us what the goals are for your organisation, what your growth plans are and where you want to be in the future, and we’ll use that information, as well as where you are now to understand what your company’s legal requirements are.
We’ll go through your entire operation with a fine-tooth comb, understanding who owns the business, who works for the business and how the whole thing operates, leaving no stone unturned to understand exactly what your legal responsibilities are and any potential risks that may exist.
The legal audit is conducted discreetly and with as little disruption to the day-to-day operations of your business as possible.
In essence it is about not being sloppy and making sure that as disputes germinate, people within the business are not compromising the legal position. It is also important that only the right people in the business are communicating with the counterparty as things heat up. This may sound common sense, but in practice it rarely happens. Casual admissions are made that once out of the bag cannot be put back. Records are incomplete and emails passed without proper protection or consideration.
We also look to effective document control so that the business knows where its material documents are and that it controls the approach to contract negotiations and subsequently. Since all relevant documents – whether for or against a case – will be disclosed to the other side in litigation, we discourage surprises.
We check and review the jurisdiction clauses because these will determine where the case is heard and can affect enforcement options. We consider whether arbitration clauses suit the business best or not. Too often these are easy giveaways in contract negotiations but they cut to the heart of business risk.
Once we’ve done our deep dive into your operation, we’ll put together a report that will detail areas of concern and weakness and forward you the necessary paperwork and implementation plans.
We’ll discuss this with your management team, and then make specific recommendations and other suggestions to help you straighten out the things that need work.
A legal audit is often required when a business changes hands or when there are significant changes to the structure of the business to give the new management peace of mind that the business is legally secure.
However, corporate law constantly changes and evolves, and so should your business. To keep up with the latest industry standards and legislation, a date for the next audit should be set out as part of the post-audit actions.
It is recommended that your business undergoes a legal audit annually to maintain a high level of legal compliance across the organisation.
Following the audit, for an increased monthly payment, we can keep you up to date with:
Contract support
HR services
Reputation management
Strategic legal counsel across East Africa, delivering practical solutions for businesses, families and institutions.