Why Internal Audit Should Oversee Trademark Licensing Audits

There are several reasons why IA should oversee trademark licensing audits.  So why is co-sourcing for trademark licensing audits left to others?  IA leaders must communicate the organizational necessity of their contracting and overseeing the trademark licensing program.

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Risk Assessment of the Trademark Licensing Process

Trademark licensing requires a sub-assessment of risk using a different process due to the inclusion of many business partners, the reliance on accurate data reported from external parties using their systems, and the characteristics of the agreements.

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Why Trademark Licensing Audits Must Be an Integral Part of the Internal Audit Plan

Financial and audit management, as well as audit committee members, must ensure there are appropriate resources devoted to trademark licensing audits (licensor) and to trademark licensing accounting (licensors and licensees) in the internal audit plan.

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