[IMGCAP(1)]CPAs are relied upon to provide exceptional services and consultation to their clients.
Amid their ever-expanding roles, CPAs have a responsibility to provide timely and accurate advice to their clients. This advice should ensure appropriate steps have been taken to manage risks, protect assets and meet shareholder expectations. Conversations should include the very intellectual property rights that are protecting their clients’ assets. These intellectual property rights can be in the form of patents, trademarks, copyrights and trade secrets, which may be needlessly at risk if IP becomes involved in litigation. The inability to protect IP is a leading cause of failure for companies.
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