Audit

An audit, in the context of intangible assets, includes a systematic examination of a company’s intangible assets. It involves a detailed review (and evaluation) of the company’s documentation, processes and procedures to ensure accuracy, compliance and reliability. The purpose of an intangible asset audit is to assess their existence, ownership, value and legal protection. It helps identify any potential risks, weaknesses, or discrepancies in the management of intangible assets. Through the audit process, lawyers can be assured of the integrity, legitimacy and proper recording of intangible assets, which can be crucial in intellectual property disputes, mergers and acquisitions or financial disclosures.