Audit procedures for collective management organisations

New agreed upon procedures for the audit of the annual transparency reports of collective management organisations.



The Collective Management of Copyright (EU Directive) regulations 2016 require collective management organisations (CMOs) to publish an annual transparency report. The report must be audited by a qualified person to make sure it is accurate.

The IPO has worked with the Institute of Chartered Accountants for England and Wales (ICAEW) to produce updated guidance to help CMOs meet this requirement. The guidance includes ‘agreed upon procedures’ that auditors should use in their work, and a template for their report to the CMO.

This information will be incorporated into the main guidance for the Regulations in the coming months.

Published 6 November 2017