A
Fortune 500 insurance company received an initial audit
assessment for $99 million from a contingent fee examination
company. Evaluation of records, research and statistical
sampling supported the company in reaching a closing
agreement for less than 10% of the initial assessment.
A Fortune 500 manufacturing company received audit notices
from multiple states represented by a contingent fee
examination firm. Evaluation of records, research and
statistical sampling provided the company a basis for
completing the assessment with a zero dollar amount.
A Fortune 500 multi disciplinary organization over escheated
$3.5 million in a specific category related to their
business. Our consultants reviewed the situation, established
a work plan outlining the pertinent steps and project
managed the recovery from the states which resulted
in over 80 percent of the funds begin returned to the
company. The first amount of $750,000 was returned within
one month of the beginning of the project.
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