Forensic helps member firm clients identify potential financial misreporting and establish the compliance baseline underpinning relationships.
Forensic helps member firm clients identify potential financial misreporting and establish
KPMG Forensic helps member firms’ clients identify potential financial misreporting and establish (or reset) the compliance baseline underpinning contractual relationships with business partners. These business partners include licensees, customers, third-party administrators, vendors, etc. Establishing this baseline may uncover significant findings, resulting in potential collections or savings, factors that affect ROI.
KPMG firms provide assistance to their clients in helping to ensure their business partners comply with contract terms related to royalties, licenses and incentive-based marketing programs. Our firms’ professionals perform royalty reviews of licensees on behalf of licensors. This work helps companies recover lost revenue and enhance the compliance review process. At the same time, it can help maintain – or even improve – the relationship between the two parties, since our approach can help reduce the tension or mistrust that self-reporting relationships often create.
Syed Najmul Hussain
KPMG International’s insights into the broadening role of General Counsel.