Audit Defense Services: Many states have begun to aggressively
enforce escheatment laws using third-party audit firms
who assist the states to become more sophisticated in
their approach to enforcing these laws. Some of these
agencies include: Audit Services Limited, Kelmar, Audit
Specialty Services and ACS to name a few. These auditors
are hired as agents of the state(s) and compensated by
a percentage of the findings collected from your assessment.
Standard lookback for unclaimed property examinations
is 22 to 17 years not including the impostition of penalties
and interest! In the event your company is facing an unclaimed
property examination, professional knowledge and understanding
of this process can support your efforts to minimize unfounded
assessments and only report your true unclaimed property
liability.
By retaining our services, we can assist you with alternative
strategies used to eliminate past liabilities, while minimizing
future risks. Barganier & Associates is also frequently
hired to assist internal or external legal counsel in
a consultative approach to solving unclaimed property
challenges.
