Items tagged with michigan unclaimed property

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Michigan Audit Period & Record Retention Changes

Nov 27, 2012

Michigan House Bill 5577 (2012) Michigan Governor Rick Snyder signed House Bill 5577 into law on August 1, 2012; this law operates to reduce the audit period and record retention requirements for entities required to report unclaimed property in M...

Tagged: michigan escheat, michigan audit, michigan unclaimed property, unclaimed property audit

Michigan Legislation Forbids the Use of Contingent-Fee Auditors

Apr 9, 2012

House Bill No.5524: If passed & signed by the Governor, the state of Michigan would no longer be able to contract with third-party auditors that get paid on a contingency basis. The bill intends to modify the state’s audit authority st...

Tagged: michigan unclaimed property, michigan escheat, contingent fee auditors, escheat audit


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