Surviving An Escheatment Audit

By Karen Anderson - Your company has received an audit notice and has undertaken the arduous task of preparing for an unclaimed property audit. First, you assembled an internal group which includes your legal counsel and serves as your "internal audit defense team" or "The Team." The Team performed an internal assessment of potential liability and identified weak compliance points. It also mitigated liability where possible and devised a plan for managing the audit. Then, your company's legal…