Royalty and Contract Audits
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INDUSTRY: AEROSPACE |
DESCRIPTION |
AMOUNT UNCOVERED BY AUDIT |
AMOUNT SETTLED / COLLECTED |
1. Airline Parts Manufacturer – uncovered underpaid amounts resulting from: (i) unreported sales of excluded part numbers and (ii) unreported royalties relative to repair and overhaul of licensed parts
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$ 221,500 |
$ 221,500 |
2. Airline Parts Manufacturer – uncovered underpaid amounts resulting from: (i) unreported sales of licensed products and (ii) unpaid annual maintenance fees
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$ 48,500 |
$ 48,500 |
3. Airline Parts Manufacturer – uncovered underpaid amounts resulting from: (i) unreported sales of licensed products and (ii) unpaid annual maintenance fees
|
$ 12,100 |
$ 12,100 |
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