The word Legal Audit comprises two significant words, i.e. LEGAL + AUDIT. Legal Audit consists of Legal Field i.e. laws related to each and every legal Act prevailing in our country and abroad + the Audit Field related to audit, accounting and commercial nature of transactions in the industrial and other commercial areas.
Now, the Legal Audit deserves an innovative research and is of paramount necessity for the overall growth and success of the economy, because the quality of the economic structure depends upon the Foundation and grass roots level, besides other correlated aspects directly related to the economy, irrespective whether it is public or private sector.