Tuesday, June 23, 2009

Will your audit damage your business relationship?

Australians fear that audits may damage their business relationships. Do you?

In this case, answer the following question: "Why is my licensee reluctant to allow me to verify its calculations?"

Remember, it's business as usual for big licensees to submit to audits. Transparency, power to renegotiate and recovery of cash are the most common outcomes.

Consider what you and your business partners can learn by reviewing past production, design, distribution, quality control and cost information, etc.

The posts on this blog confer no rights or warranties. The opinions expressed on this site are my own and may not represent those of my firm. © 2009, Cedar Boschan. To request permission to reproduce, please contact boschan@royaltyauditors.com.