Resources » Audit Resources

Audit Basics: Ques­tions and Answers

Like learn­ing to walk, matric­u­lat­ing an unclaimed prop­erty audit and con­sid­er­ing your busi­ness strate­gies for risk mit­i­ga­tion related to the audit begins with some fun­da­men­tal infor­ma­tion. Click on the link below for a basic list of fre­quently asked ques­tions and answers related to unclaimed prop­erty audits.

• Q & A

The Audit Begins

If your busi­ness has received an audit notice, you might be won­der­ing, “what’s next?” Busi­nesses that have received the notice may have a win­dow of oppor­tu­nity to con­sider their com­pli­ance posi­tion and eval­u­ate poten­tial lia­bil­ity and mit­i­ga­tion strate­gies. The arti­cle below is writ­ten to pro­vide a “heads up” regard­ing audit issues and your busi­ness’ defense posture.

• The Audit Notice: Next Steps

Audit Sur­vival

To effec­tively man­age an unclaimed prop­erty audit, a busi­ness must under­stand the audit process. Where, “The Audit Notice” ends in this process, the arti­cle below enti­tled, “Sur­viv­ing the Audit” begins and pro­vides you with “food for thought” regard­ing the audit process and audit management.

• Sur­viv­ing the Audit

The Audit Closes (Finally!)

The doc­u­ments, ledgers and rec­on­cil­i­a­tions have been reviewed and the state analy­sis concluded…or so you think. The arti­cle below explains some of the impor­tant audit com­ple­tion issues busi­nesses should con­sider. Click on the link below to read, “Clos­ing the Audit”.

• Clos­ing the Audit

Addi­tional Audit Related Resources

Just for those who can’t read enough about audits, addi­tional arti­cles are pro­vided below.

• State Unclaimed Prop­erty Audits in a Chal­leng­ing Economy
• Risk and Reality