Webinars

  June 23, 2009 at 02:00PM ET

In this recession plagued economy, states looking to expand their revenues are increasingly turning to unclaimed property audits.

States are outsourcing to more unclaimed property auditors to perform a greater number of unclaimed property audits and increase audit findings. Audit-created A/R-related property types have been created which inflate audit findings and holder liability!

Expand your knowledge of unclaimed property and learn how to prevent costly penalties for escheatment noncompliance at this can’t-miss interactive webinar on June 23rd.

Keeping customer overpayments and “receipts over invoice” continue to be "hot button" issues with unclaimed property auditors. Failure to report or remit unclaimed property to the state in a timely manner can carry serious consequences, and intentional failure to report or deliver such property can be a criminal offense.

Now that many states have developed aggressive escheat and unclaimed property programs, it’s more important than ever for credit departments ensure that their unclaimed property practices are up-to-date!

Join IOMA and unclaimed property expert Karen Anderson for this invaluable interactive program to learn what to do—and what not to do—when the auditor calls.

In just 90-minutes, you’ll gain a thorough working knowledge of:

• What constitutes Unclaimed Property
• Recent state law changes and trends
• Tools for minimizing reporting liability and managing risk
• Key activities that can trigger an audit
• What to do if you think you’ve improperly reported or have not reported unclaimed property
• Tips for dealing with an audit and past due liability assessments
• Which states offer a business-to-business exemption for unclaimed credit balances and/or memos

You'll also get answers to your questions in the LIVE Q&A session following the presentation. AND you can invite your whole department, for one low price!

FEATURED FACULTY

Karen Anderson
Sr. Compliance Advisor – Abandoned Property Services, LLC

Karen Anderson, Senior Compliance Advisor at APS, LLC, is a 20-year veteran of the unclaimed property industry. In her APS role, Karen guides businesses in achieving and sustaining compliance and in minimizing their unclaimed property liability. Karen was Illinois unclaimed property administrator for five years and later, the first Director of the National Association of Unclaimed Property Administrators (NAUPA).

Currently, Karen is Treasurer on the Board of the Unclaimed Property Professionals Organization (UPPO), the Board liaison to the UPPO Finance Committee, a member of the UPPO Bylaws committee and a member of the Securities Transfer Association Unclaimed Property Committee

Anderson holds a law degree from Loyola University of Chicago.