Home | About us | Services | Engagements | Contact & Brochure



WHY YOU SHOULD DO
A ROYALTY EXAMINATION?

A license agreement is certainly a binding contract that is not necessarily understood by all internal stakeholders.

Most companies perceive their licensees as “reliable” partners. But trust should not exclude a licensor’s right to ensure their IP is maximized. Most companies trust their employees but still verify their expense claims.

Ninety five percent of audits performed show significant monetary findings resulting from clerical or accounting errors, omissions or fraud.

A compliance audit and royalty examination do not fall under regulatory requirements conducted by external auditors. A common misunderstanding is to assume that external auditors are required to validate completeness of royalty declarations as a part of their financial statement audits.

95% of audits performed show significant monetary findings resulting from clerical or accounting errors, omissions or fraud.

All rights reserved - ©ILS FIRM 2011 - sitemap