There may be no event in all of corporate management that is more stressful or intrusive than dealing with an unclaimed property audit. Our firm is vastly experienced in dealing with the states conducting these audits, most state auditors, and contract audit firms (Kelmar, ASUS, SAS, ACS, et al.) used by the states.

Our professionals have been brought in at the outset and at the closure stages of audits.  Regardless of the timing, our audit defense approach includes adherence to a 180-point work plan.  A synopsis of this plan is below:

 

• Provide guidance regarding the conduct of the audit

• Assist in compiling & full review of all records requested

• Consultation regarding unclaimed property subject to the audit

• Maintain productive working relationships and an effective communication protocol with the auditors

• Reduce audit exposures by the identification and proposal of mitigation strategies

• Review and respond to any state/auditor correspondence

Development of an appropriate and aggressive audit defense strategy, and complete management of the review are the cornerstones of our success with these audits. Our clients benefit greatly from our involvement throughout the entire process, from opening conference to receipt of the closing letter.