Unclaimed Property Compliance Update: Are You Filing Your Unclaimed Property Correctly?

Training Provided by Lorman Education Services nEvery state has enacted some version of an unclaimed property law and many of these laws have been in effect since the early 1900's. However, there are still many companies who are unfamiliar with the law, and struggle with how best to implement internal controls and reporting procedures in an effort to comply with the various state unclaimed property laws. With an emphasis on compliance with Sarbanes-Oxley regulations, your company can't afford NOT to be in compliance. This teleconference will provide a foundation and a greater understanding relating to the purpose of the laws, what every company should know and understand about the consequences if found not to be in compliance, and proactive measures to achieve internal best practices and compliance. This teleconference will also discuss the latest state enforcement efforts, voluntary disclosures, discussion on state legislative updates and the California lawsuit.

Unclaimed Property Compliance Update: Are You Filing Your Unclaimed Property Correctly? Agenda

1. History and Background of the Law
2. Common Definitions
3. How It Differs From a Tax
4. State Responsibilities and Expectations
5. Holder Responsibilities
6. Where to File
7. What to File
8. Recent Audit Enforcement Efforts
9. Penalties and Interest
10. Unclaimed Property and Sarbanes-Oxley
11. Internal Controls
12. Suggested Practices

About The Training Provider: Lorman Education Services

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