We were retained by the licensor of trademarked apparel items to perform a royalty audit of the sales of the licensee, a nationwide department store.  We reviewed the license agreement, royalty reports prepared by the licensee and performed a desk audit.  The results of our desk audit identified a number of red flags which resulted in a field audit where we reviewed the books and records of the licensee for compliance with the license agreement specifically focusing on the areas previously identified in our desk audit.  We identified significant under-reporting of royalties and provided our findings to the licensor by way of a written report. 

Related Professionals

All Related Professionals