Broadly speaking, depending on the objectives of the audit, there are two types of IP audits :

General IP audits: General-purpose audits draw an overall but comprehensive picture about the company’s IP assets. Such audits scrutinise the IP portfolio as a whole to review the businesses’ IP management approach, if there is one. If not, general IP audit is a core and fundamental step to develop an IP management approach and an IP-intensive culture within the company.

Specific IP audits: These types of audits are generally known as IP due diligence. They have a narrower scope and usually focus on identification and evaluation of IP assets relevant to the explicit objective of the audit.