Intellectual Property: Auditing the Process, 2nd Edition - eBook

Intellectual property (IP) is the lifeblood of many organizations. Periodic audits ensure that IP rights are:

•       Captured.
•       Preserved.
•       Safeguarded.
•       Properly valued.

It’s critical that the audit department confirms that staff performing an IP audit is qualified to do so. In addition, the purpose of the audit should be well articulated prior to embarking on the effort.

Intellectual Property: Auditing the Process, 2^nd Edition, provides a guide that auditors can turn to when performing an audit of IP. The book is broken down into nine parts:

•       Introduction – types of intellectual property
•       The audit staff
•       The purpose of the audit
•       The scope of the audit
•       The preliminary review
•       Flowcharting the process
•       Control testing
•       Substantive testing
•       Reporting

Auditing intellectual property is a worthwhile endeavor. The audit can be performed within a reasonable time and provides potential cost savings to the organization.