Unclaimed property is something that AP must address, but how prevalent is a UP audit and what are the repercussions? One in five of survey respondents said they’d undergone an audit, with some experiencing pricey fines and penalties.
Want more benchmarking data? Go to the Benchmarking section of IOFM.com. Members can download the IOFM 2020 Benchmarking Reports, and if you’re not a Member yet, schedule a demo to get free access. Or – register for our upcoming webinar: What You Can Learn From AP’s Best Departments.