Reliable – Extensive – Specialist – IP Auditing
Why have a Royalty Audit?
Due to the complexity of license agreements and trade practices, the calculation of royalties due on such agreements can result in costly mistakes, resulting in loss of royalty income.
Costly mistakes that can occur:
- Understated royalty rates
- Unreported sales units / money
- Overstated expenses deducted from royalties
- Excessive free goods, reducing royalties paid
- Unpaid royalty rate ‘bumps’ for gold and platinum sales
- Accounting system errors resulting in underpaid / unpaid royalties
Such mistakes can result in the accrual of penalty clauses, misunderstandings and litigation.
Who should be interested in an IP audit?
Anyone who is either a producer (licensor) or rights or beneficiary (licensee) of rights:
- Record companies
- Venture Capital (VC) and other Investors
- Computer games companies
- Copyright societies
- Book Publishers
Acumum Accounting’s Services – Independent, Cost Effective, Transparent
Acumum Accounting’s team of accountants and auditors can provide you with timely and accurate up-to-date management accounts. Acumum can also assist in the management of local bank accounts and provide accounting support staff to manage your day-to-day operations. Our tailor-made accounting packages can be discussed with you at the outset of your operations giving you peace of mind on your operating costs.
Accounting services are provided by Acumum Accounting Limited, a licensed accountancy firm with the Malta Institute of Accounting and the Ministry of Finance, Malta.
What makes us unique, is the breadth of our real-life professional and business services. Acumum is a realistic alternative to the more traditional advisory services.
Contact us on +356 2778 1700 or contact us on Skype ID: acumum to discuss your operations further.