RSM Australia

Royalty audits

Owners of intellectual property, copyrights and trademarks are continually faced with the risk that licensees are not adhering to the terms of contractual agreements and are not paying the full amount due. As a result, royalty audits can result in the identification of underpaid royalties.

RSM’s team of royalty audit professionals are dedicated to protecting the owners of intellectual property, copyrights and trademarks from being taken advantage of in this competitive environment.

In RSM's experience, underpaid royalties have in most cases been attributed to:

  • non-allowable deductions taken by the licensee
  • below market transfer pricing to affiliates
  • mathematical errors and incorrect royalty calculations
  • misinterpretation of the licence agreement
  • omission of sales of new products developed utilising the licensed technology
  • intentional understatement.

The cornerstone of RSM’s approach in conducting these engagements on your behalf is protecting your existing relationship with your licensee. Whilst contractual agreements provide the right to appoint an independent auditor and inspect the accounts and records of the licensee, we ensure that we do not impede or disrupt their normal day to day operations. We act with professionalism and understand that it in the interest of all parties, for the longstanding relationships to continue.

Our professionals examine your royalty contractual agreement to determine whether you are being underpaid.

South Pacific and Asia Conference 2020 (SOPAC®)

2 March 2020
Darren Booth, National Head of Security and Privacy Risk Services at RSM Australia, will be presenting at the upcoming South Pacific and Asia Conference 2020 (SOPAC®) on 'The latest news in cyber security'. This presentation will cover the following:

Catch 22: Digital Transformation and it's impact on cybersecurity | RSM Australia

17 February 2020
Regardless of their digital footprint, any business with a reliance on technology is at risk of cybercrime.

Independence issues for internal auditors

12 February 2020
Internal audits can help organisations understand how well they’re managing their risk, control, and governance processes. Internal auditors don’t just examine an organisation’s financials; they review all aspects of its operations to identify ways to help the organisation improve its performance. 

Audit Committee Guidelines by the Department of Finance

30 January 2020
A good governance is a combination of processes and structures implemented by the Board to inform, direct, manage and monitor the activities of the organisation toward the achievement of the organisation’s objectives. The Audit Committee plays a pivotal role in ensuring good governance by overseeing the organisation’s

Recent AML/CTF Updates: A KYC Game Changer

24 October 2016
Fundamental changes to how reporting entities collect ‘Know Your Customer’ (KYC) information

Our services to the local government sector

10 October 2016
RSM has a long history, both in Australia and overseas, of providing a wide range of value added services to local government.

Are you receiving all your royalty income?

28 July 2016
Learn how to identify and understand red flags that could result in significant lost revenue

Key contact

Jean-Marc Imbert
National Head of Risk Consulting

T: +61 3 9286 8186
[email protected]