What is a royalty audit? - Licensing Executives Society USA and ...
What is a royalty audit? - Licensing Executives Society USA and ...
What is a royalty audit? - Licensing Executives Society USA and ...
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Inform the Licensee of the <strong>audit</strong><br />
▼ Send letter out to all licensees that you are<br />
implementing an overall compliance program to<br />
remain cons<strong>is</strong>tent with best practices used in your<br />
industry<br />
▼ Send specific letter to <strong>audit</strong> c<strong>and</strong>idate informing<br />
them of your choice to initiate an <strong>audit</strong> through the<br />
chosen <strong>audit</strong>or<br />
▼ Include the <strong>audit</strong>or’s contact information in the<br />
letter <strong>and</strong> let the c<strong>and</strong>idate know that the <strong>audit</strong>or<br />
will be contacting them<br />
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