General counsels wield lots of power inside a corporation. They are the ones who translate legal mandates that influence how a corporation internalizes its compliance duties, and they have a huge range of daily tasks.
Yet despite the prominence of the GC, little is known about the operations of the legal function. Internal auditors do have an opportunity here to examine and improve the efficiency of in-house counsel and its management of external counsel.
Moreover, given the heightened enforcement environment, performing an audit of the legal department has become critical for addressing areas of regulatory ...