Four Phases of the Unclaimed Property Audit Process
The Four Phases of the Unclaimed Property Audit Process include: Entity & property types scoping (Phase 1) - Public information review/10k - Tax Return review - Analysis of general ledgers & Review of all legal entities Quantification of Any Potential Unclaimed Property (Phase 2) -
Unclaimed Property – What’s All The Fuss About? Visit PEACC.com
Today unclaimed property consists of intangible property, such as dormant bank accounts, uncashed checks, unreturned deposits and credit balances. Unclaimed property normally falls under two separate categories, either general ledger property types, or securities related property.
2026 State Escheatment Trends
Lower dormancy periods for certain property types. ︎ Additional property types to be address. ~ For example: Digital Assets & Cryptocurrency. • more & more states will require certain property types to be liquidated prior to reporting. • Current states who require account liquidation