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Escheatment Risk Survey

Do You Know Your Risk? Please take the escheatment risk questionnaire below to determine your risk profile. 

1) Do you and your subsidiaries currently file or have filed in the past unclaimed property (escheat) reports with any state jurisdictions? :

2) Do you and your subsidiaries currently file or have filed in the past unclaimed property (escheat) reports with any state jurisdictions for $0 amounts (negative returns)?:

3) Have you and your subsidiaries ever been contacted by any state for unclaimed property audit?:

4) Have any states sent you unclaimed property notices, or informational letters (e.g., IL, MI, NY, DE)?:

5) Have you and your subsidiaries developed unclaimed property policies and procedures?:

6) Are any of your legal entities formed or incorporated in DE, IL, NY, NJ, PA, MN, MA, FL, CA, NC, or TX?:

7) Is your corporate record retention policy for banking records, A/R records and General Ledger records 7 years or less?:

8) Have you and your subsidiaries had a system conversion in the past 10 years (e.g., Oracle to SAP, etc.)?:

9) Do you and your subsidiaries reclass de minimis A/R credit and debit amounts if under a certain dollar threshold (e.g., < $100)?:

10) Has the organization acquired any legal entities or assets in last 10 years?:

11) Does your organization issue gift cards or gift certificates?:

 

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Key Contact

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Joseph Carr
National Unclaimed Property Practice Leader
312-616-3946 | jcarr@bdo.com

 

 

 

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