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

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

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Audit Process<br />

1. Choose an <strong>audit</strong>or<br />

2. Decide who you want to <strong>audit</strong> (your <strong>audit</strong>or can<br />

ass<strong>is</strong>t with th<strong>is</strong> dec<strong>is</strong>ion)<br />

3. Inform the Licensee of the <strong>audit</strong><br />

4. Transfer knowledge to <strong>audit</strong>or<br />

5. Let <strong>audit</strong>ors do their thing<br />

8

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