What is a royalty audit? - Licensing Executives Society USA and ...

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“It Takes All Kinds to Make a World” ▼ We are Accountants, not a researcher or scientist ▼ We are all part of the technology transfer process 14
Let auditors do their thing They will: ▼ Contact licensee ▼ Research public information ▼ Collect data prior to site visit ▼ Perform site visit ▼ Wrap up information requests ▼ Prepare report of findings for you (if your auditor is good – they will find all that there is to find without jeopardizing your relationship with your licensee) 15
Page 1 and 2: When Does a Royalty Audit Make Sens
Page 3 and 4: Why license? ▼ Nonprofit institut
Page 5 and 6: Audit Deficiencies / Percent Misrep
Page 7 and 8: Audit Compliance Program for all Li
Page 9 and 10: Decide who you want to audit ▼ Re
Page 11 and 12: Choose an auditor…. ▼ Who will
Page 13: Transfer knowledge to auditor ▼ S
Page 17 and 18: Outcomes 17
Page 19 and 20: Most Common Errors Discovered ▼ B
Page 21 and 22: Audit Deficiencies / Frequency Freq
Page 23 and 24: Advice - Continued Communication wi
Page 25 and 26: It’s about the money 25

What is a royalty audit? - Licensing Executives Society USA and ...

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