EVENT: Unclaimed Property Audit Preparedness (Session Code: 473)
Failing to comply with state unclaimed property laws can be costly for credit unions under audit. Not reporting dormant checking accounts, safe deposit boxes, uncashed checks, credit balances and loans overpayments can result in audits and stiff penalties. Unclaimed property audits are steadily increasing and are costly and time consuming if you’re not properly prepared. When the auditor comes knocking, it is imperative you know how to effectively prepare for and manage an unclaimed property audit. Join us for this 60-minute quickbite where you and your colleagues will discover:

• Types of unclaimed property & dormancy period requirements
• Steps your company should take to prepare for & manage an audit
• First steps to take upon notification of an unclaimed property audit
• How to determine the type of audit and auditor & why it matters


Illinois Pricing:
Affiliate: $ 100.00
Non-Affiliate: $200.00

Out of State Pricing:
Regular: $ 150.00

Contact: Greg Framarin (Illinois Credit Union League)
Phone: 630-983-3420
Fax: 630-983-3212
Email: gregory.framarin@ilcusys.org


Speaker: Tracy Reid
Speaker Bio:
Tracy Reid, J.D., LL.M., is President of Reid Unclaimed Property Services LLC (RUPS), a national Unclaimed Property consulting company. RUPS has helped businesses of all sizes become compliant with state unclaimed property laws since 2002. Ms. Reid has been assisting businesses across the nation with voluntary compliance negotiations, audit defense and training about unclaimed property compliance requirements for over a decade. Ms. Reid specializes in defending unclaimed property audits and conducting unclaimed property compliance reviews designed to assess exposure, potential savings opportunities and compliance process improvements.

Location(s):

Location 1:
Telephone - QB - May 14, 2013: 10:00 am CT
Duration: 11:00 am CT

Online registration for this event has ended.