Periodically we review the extent to which agencies have implemented the recommendations they accept from our earlier audits. This gives Parliament
and the public an update on the extent of progress made.
Intellectual property (IP) can have value to the agency concerned and may have the potential for wider commercial use. Poor management of IP can impose risks, including the risk of lost opportunities. Because it is not ‘tangible’ like a building or plant and equipment, the need for properly managing IP may be overlooked.
In this follow-up audit, we examine changes following our October 2001 report on how well public sector agencies were managing intellectual property.
Parliamentary reference - Report number #133 - released 30 March 2005