North London Solicitors

North London Business and Legal Audit FAQs

What should I consider in a health and safety audit?

Have you done a risk assessment to ascertain possible risks in the workplace and put measures in place to control them?  To carry out a risk assessment, follow these steps:

• Identify hazards and risks
• Identify who may be at risk
• Evaluate the risks and decide on ways to minimise them
• If you employ more than five people in the workplace, you need to record your findings garnered through the assessment

Do you have a health and safety policy in place?  Businesses which employ more than five people need to have a formal written health and safety policy that :

• Is dated and signed
• States health and safety management principles
• States who is responsible for implementing the policy
• State how accidents and emergencies should be reported

What should I consider in a contractual audit?

You should look at:

• Employment contracts
• Standard terms and conditions for both customers and suppliers
• Leases and licenses
• Distribution contracts
• Agency contracts
• Franchise contracts

The idea of conducting a contractual audit is two-fold:

• You want to ascertain if you are compliant with your current obligations and laws
• Whether there is any scope for renegotiating terms and conditions more favourable to your business in light of market conditions and the current legal environment

What should I consider in a company law audit?

You should make sure that:

• Your company registers are properly filed and available for shareholders
• Any shareholder agreements and articles of association you have in place are compliant with current legal standards