Focus on what counts

Royalty Audit, Compliance, and Consulting

Focused on Transparency

Are you receiving all of the royalty revenue you have earned? Are your licensees in compliance with the terms of the license agreement? There is only one way to find out – work with our Royalty Audit, Compliance, and Consulting Practice team to get your royalty and licensing agreements and revenue in shape.

How Citrin Cooperman Can Help

Our royalty audit, compliance, and consulting professionals have over 50 years of combined experience servicing licensors of intellectual property and copyright owners in multiple industries including entertainment, music, sports, apparel, franchising, merchandising, publishing, gaming, and commercial licensing. Whether it be to conduct a routine royalty audit; induce further compliance; determine if there is a non compliance; or seek professional advice on current or future licensing agreements, as a third party, we can provide an unbiased perspective, helping to keep royalty and licensing relationships mutually beneficial and understood.

Our Royalty Audit, Compliance, and Consulting Practice can help to protect your current and future payments by analyzing complex transactions and contractual terms. Through our royalty audits, we have uncovered significant recoveries, both claims and underpayments, on behalf of our diverse client base. Our team is well-practiced in having the foresight to diligently watch for any of the common issues typically found while conducting our compliance procedures and has the experience necessary to provide efficient solutions, as well as suggestions for financial enhancements for future agreements.

OurRelated Services
  • Advising on the feasibility of performing royalty audits
  • Performing the necessary royalty audit work
  • Recovering unreported or under-reported royalties
  • Issuing reports on our findings
  • All aspects of international and domestic royalty examinations
  • Helping to ensure our clients’ royalties are maximized
  • Assisting and advising on a customized compliance monitoring program
  • Enhancing our clients’ understanding of their relationships with their licensees
  • Royalty administration and management

EXAMPLE OF FINDINGS:

  • Contract misinterpretation
  • Poor internal controls
  • Clerical mistakes
  • Incorrect expenses deducted
  • Underreported revenues and overreported expenses
  • Inventory issues
  • Incorrect use of conversion on foreign exchange rates
  • Incorrect royalty rates utilized
  • Use of unapproved factories
  • Sales made outside of the licensed territory