Intellectual Property: Auditing the Process, 2nd Edition

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Intellectual property (IP) is the lifeblood of many organizations. Periodic audits ensure that IP rights are captured, preserved, safeguarded, and properly valued.

In this second edition, author James Fargason delivers valuable insights for planning and evaluating your audit approach of intellectual property. He provides examples on some of the traditional areas of audit activity as well as other areas that traditionally are not covered during this type of audit.

Included are:

• Helpful checklists
• Illustrative sample audit steps to develop a successful audit strategy
• Flowcharting the process and operational review
• Control testing
• Substantive testing
• Reporting

Auditing intellectual property is a worthwhile endeavor. With the resources and guidance found in this book, the audit can be performed within a reasonable time and provide potential cost savings to the organization.

About the Author:

James S. Fargason, CIA, LLM, CMA, CPA, CFE, has been a member of the auditing and legal professions for more than 25 years and has extensive experience auditing legal services, including legal departments and external law firms. He has worked with a variety of reputable organizations, including many Fortune 500 companies and large consulting firms. He has a degree in international and comparative law and currently serves as a full-time faculty member at Louisiana State University.

Item Number: 10.1196