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Licensing/Royalty Audit
A recent study indicates that a significant portion of the market value of today’s corporations is from intellectual property. However many of licensees will incorrectly report royalties.
Have you reviewed your licensing agreements within the last six months?
Do you manage licensing revenue with the same care and attention that you manage other financial aspects of your business?
Do your licensees handle royalties the same as other areas of their business?
How effective is your licensees?internal control and observance of Section 404 of the Sarbanes-Oxley act?
Do you anticipate underreporting obstacles including introduction of new products, revised product codes, incorrect pricing or changes in staffing?
If you can answer NO to any of the above questions then you need to consider Calibre CPA Group for your royalty audit.
Calibre CPA Group began our licensing royalty audit practice over 20 years ago conducting licensing audits for the
National Football League Players Association
and have continued with companies such as an international medical equipment business, a large publisher of IP, and many other firms.
Through our experience reviewing and/or litigating thousands of licensing agreements and auditing related royalty streams, our professionals have consistently uncovered instances of inaccurate reporting resulting in the underpayment of millions of dollars of royalty revenue to licensors. It’s through these experiences that we developed our
Royalty Profit Maximization Strategies (RPMS)
program to assist our clients with:
Recovery of unreported or under-reported royalties;
Assurance the brand is not being abused;
Developing a system for prevention of future abuse through training and contract review; and
Assistance with design of royalty reports which ultimately reduces licensee and licensor costs.
Want to learn more? Tell us about your needs:
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Contact Glenn Eyrich 202.331.9880 (Washington,DC)
Contact Glenn Eyrich
1850 K Street NW, Suite 1050, Washington, DC 20006 • 202.331.9880 phone • 202.331.9890 fax
Civic Opera Building, 20 North Wacker Drive, Suite 900, Chicago, IL 60606 • 312.920.9400 phone • 312.920.9494 fax
© Calibre CPA Group