Unclaimed Property: Combating Against the Hidden “Tax” In Accounts Payable

This Webinar will delve into an often misunderstood regulatory requirement, no less complicated than taxation and equally risky to a company’s financial health – Unclaimed Property Compliance and its effects on the Accounts Payable department.

Industry veterans will focus on a variety of basic and advanced issues that impact how the Accounts Payable Department should address Unclaimed Property and it annual reporting requirements, including:

• An introduction into the Unclaimed Property basics of why, where, and when organizations must file reports. 
• How unclaimed property can arise in the Accounts Payable Department and the reporting obligations its creates, including how to identify and remediate the risk associated with unclaimed property and how to address it so that it can be resolved, or reported, correctly. 
• How maintaining and following effective processes relating to the voiding of stale-dated checks, as well as adherence to document retention requirements, can assist in proper regulatory compliance as well as validating and refuting state audit findings.

James A. Sadik
Managing Director - Unclaimed Property Management Solutions Team, True Partners Consulting

James A. Sadik is a Managing Director for the Unclaimed Property Management Solutions Team of True Partners Consulting. Jim has extensive experience in all aspects of unclaimed property including the conducting of large scale general ledger multi-state audits, voluntary unclaimed securities compliance and reporting, and audit defense. Jim currently specializes in the defense of publicly traded companies who are subject to multistate unclaimed securities audits, audit defense of registered broker/dealers and banks, along with representing holders in a variety of industries including life and property/casualty insurance, retail, manufacturing, and energy exploration. 

Jim Weigand
Senior Manager - Unclaimed Property, True Partners Consulting

Jim Weigand is a Senior Manager in the National Unclaimed Property Practice of True Partners Consulting LLC.  Jim has extensive experience in unclaimed property consulting, including audit defense, comprehensive diagnostic reviews, quantitative analysis, exposure remediation and various voluntary settlement procedures.  Additionally, Jim plays an integral role in assisting clients with their annual unclaimed property compliance processes.

Jim has been a speaker for holder education seminars sponsored by various professional groups, including Unclaimed Property Professionals Organization, American Payroll Association, Institute of Finance and Management, Association for Financial Professionals, Clear Law Institute and Strafford Publications.

This webinar is provided free of charge and underwritten by a sponsor.

Following the webinar, you may be contacted by the sponsor with information about their products and services.