Over the last few years, there has been an explosion in sports licensing with clubs and sporting icons finally starting to harness the commercial power of their brands. With this explosion, our clients finance departments have needed to adjust to rapidly increasing numbers of licensees. This has made it more and more difficult to ensure licensees make correct and timely payments, never mind whether they are complying with the contractual terms of the licence agreements.
Through audit we are able to provide comfort and assurance to our clients, by undertaking in-depth analysis of their account systems and ensuring that every single sale is traced and recorded.
Having undertaken many audits for clubs, associations and sporting professionals, we see the same types of errors time and time again, whether it be misallocating sales incorrectly across different clubs or over-charging on sales made to club shops.