2006 Audit Findings formattted

The Significance of Underreported Royalties - 2007 Update The Magnitude and Meaning of Royalty Misreporting by Debora R. Stewart, CPA and Judy A. Byrd, CPA Level of Royalty Underreporting 80% of licenses have underreported royalties Improperly Reported Properly Reported The importance of IP licensing revenue continues to grow, yet unrealized revenue from misreported royalties continues to significantly impact licensors’ bottom lines. Invotex Group studies licensing relationships to measure the frequency of underreported licensing revenue and the impact of such underreporting on a licensor’s ultimate financial results. Ineffective management often results in licensors collecting much less than they are owed. The report discusses the results of a  study and examines causes of underreporting.   February 2007  The Significance of Underreported Royalties – 2007 Update Royalty Misreporting: Magnitude and Meaning By Debora R. Stewart, CPA and Judy A. Byrd, CPA*  INTRODUCTION About Invotex Group   Invotex Group provides advisory services Are  you  reaping  the  full  benefits  of  your  license for intellectual property owners, including agreements?  Does this concept concern you?  It probably licensing, technology evaluation, license should. Enormous resources are expended in drafting and compliance and royalty audits, asset negotiating license agreements, not to mention the time, management and enforcement of IP rights. The firm offers a ...