Boosting R&D Value Through Internal Audit

Further to an internal audit on intellectual property and R&D, Essilor International has increased number of granted patents and propelled its ranking from 14th to 11th position among French companies in 2018 Unlock innovation and mitigate risk by leveraging internal audit for smarter R&D management, IP protection, and strategic business growth.

Benefits to the Company

By integrating these audit practices, Internal Audit contributes strategically by:

• Enhancing Strategic Alignment: Ensuring R&D efforts align with business priorities and strategy.

• Maximizing Opportunities: Identifying and capitalizing on IP monetization and strategic innovation initiatives.

• Risk Mitigation: Reducing risks related to IP infringement, regulatory compliance, and ineffective project management.

• Increasing Efficiency: Optimizing resource allocation, accelerating innovation processes, and enhancing competitive agility.