Keane's Unclaimed Property Blog

The Impact of Ever-Changing State Escheatment Laws: Seminar Announcement

On October 14th, 2009 a seminar exploring the impact of state escheatment laws will be held by accounting firm Cherry, Bekaert, and Holland (Greater Washington D.C. office) in partnership with the unclaimed property experts at Keane Unclaimed Property.

Enforcement of unclaimed property regulations has evolved to include not only large corporations, but also small to mid-size businesses. Entities that were previously off the auditing radar are now facing fines, penalties and interest for non-compliance. This is a direct result of rapidly changing state escheatment laws and the use of third-party contingency-fee-based auditors in 40 states. A wide variety of property types such as accounts receivable credit balances, un-reconciled inventory, as well as unredeemed rebate property, unused gift card or stored value card balances and un-cashed checks are frequent targets as states increasingly develop and enforce unclaimed property laws.

Firms in the area are welcome to join Cherry, Bekaert & Holland and Keane Unclaimed Property as we explain the basic principles of Unclaimed Property, how the economic environment is affecting audit activity, how to prevent audits and how to effectively manage an audit to minimize the impact on your organization. In addition we will explain how your organization may be able to recover state-held assets that belong to you. Click here to register.

Unclaimed Property: The Impact of Ever-Changing State Escheatment Laws

Date & Time
Wednesday, October 14, 2009
7:30 – 10:00 am

The Tower Club
8000 Towers Crescent Drive
Suite 1700
Vienna, VA 22182

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Abandoned Property Law, Escheat Law, Seminars, State Escheatment

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