There are two primary reasons to conduct an intellectual property audit. First, it is prudent for a company to periodically determine whether its intellectual property is being properly protected. The second reason for a company to conduct an intellectual property audit is to:
A) remained prepared for a Security & Exchange Commission spot inspection
B) remain prepared to justify its value in the event of a merger or acquisition
C) remain prepared for an initial public offering
D) update the value of its intellectual property on its balance sheet
E) make sure no intellectual property has been stolen

Question

Quizplus · Accepted Answer

An intellectual property audit can help a company determine the value and status of its intellectual property portfolio, which is an important consideration for mergers and acquisitions. It can also help a company identify areas where additional protection may be needed or where it may have inadvertently infringed on someone else's intellectual property rights. While remaining prepared for SEC inspections or IPOs are important, they are not the primary reason for conducting an intellectual property audit.

There Are Two Primary Reasons to Conduct an Intellectual Property