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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Royalty Audit Process<br />
Identify<br />
Licensee for<br />
Royalty Audit<br />
Collect Background<br />
Data (External /<br />
Internal) to Underst<strong>and</strong><br />
Technology, License<br />
Agreement <strong>and</strong><br />
Relationship<br />
Prepare Licensee<br />
for Audit – Work<br />
Plan, Documents,<br />
Timing<br />
Field Work<br />
Review Licensee Product L<strong>is</strong>tings, Books <strong>and</strong> Records,<br />
Royalty Calculations, Interviews, Process Review, etc.<br />
Report Findings to Licensor <strong>and</strong><br />
Communicate to Licensee –<br />
Exceptions <strong>and</strong> Improvements<br />
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