Related contentLegal do's and don'ts When one first-time CEO arrived at a new job at a small trade association a few years ago, one of the first things that arrived in the mail was a little note from the Justice Department: The previous top executive had not properly reported lobbying and political contributions on a quarterly basis. The CEO—who spoke to CEO Update on the condition of anonymity—said the letter, along with other indications of trouble such as tax filing issues, made an outside legal audit necessary. The cost: $50,000. The expense can range from $25,000 to $100,000, depending on the desired thoroughness of the audit, but it's a step this CEO and legal… Read More