Maverick’s Royalty Recovery Team is a dedicated group of professionals from the two key areas, of collection, Investigations and Accounting. Our Investigators have teamed with one of the most prestigious CPA Firms in the world, who specialize in Entertainment Royalty Forensic Accounting and Audits. Both groups come together to bring both informed knowledge and diligent scrutiny to every case. They have the expertise and experience to assist clients in protecting intellectual properties and recovering underpaid royalties and profits.
Our Royalty Recovery Team provides royalty audits; contract compliance examinations; financial due diligence; litigation consulting, forensic accounting, and expert witness services; valuation services; and royalty statement preparation. Furthermore, clients often need information on certain non-monetary activities of their licensees or partners in order to protect the value and integrity of their intellectual properties.
While conducting royalty and contract compliance audits, we creatively look for ways to identify opportunities for potential recoveries. We also identify potential improvements to internal controls and develop internal policies that will help to ensure accuracy in future reporting.
Remember, when it comes to royalty audits, details do matter. We've handled many cases where a minute detail either missed or ignored was responsible for substantial financial losses. Our Royalty Recovery Experts will find and repair the problems with a thorough Royalty Recovery Investigation
With international offices and Investigative alliances around the World, Maverick Worldwide Solutions removes the constraints inherent in claims of royalty fraud worldwide.
There are no boundaries to stop us from securing your interests and protecting your intellectual property and making sure you get the royalty compliance and royalty earnings you deserve.
Possible Causes of Royalty Under-Reporting
Reasons for under-reporting include inefficiencies, mismanagement, or common accounting errors that might include:
•Inappropriate or miscalculated exchange rates.
•A new product number may be assigned and the old product number may be erroneously deleted from the sales database yet, the licensee may continue to sell inventory under the old product number.
•Some agreements may allow licensees to make judgments about deductible expenses allowed under agreement.
•Accounting system weaknesses.
•Mathematical errors or misinterpretation of license agreements, including but not limited to, use of "convenience" or "average" unit prices to "streamline" the accounting effort.
•The Licensing, or sales department may not timely communicate newly licensed products or product SKU's to the accounting department responsible for tabulating and reporting royalty sales.
•Poor inventory control.
•Grey market sales.
•Inadequate loss prevention programs.
•Intentional understatement of sales.
Give us a call today, and start protecting your income tomorrow.
Maverick Investigations is one of the Oldest and Largest Private Investigator Firms.
(202) 656-0167 or (949) 385-1459
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