Unclaimed Property: The Facts You Need to Know

Who within your company is responsible for ensuring compliance with the various state unclaimed property laws? Is your company currently undergoing an unclaimed property audit? If you are struggling to find the answer to these important compliance questions, this teleconference is for you!

Believe it or not, there are still many companies who are unfamiliar with the various state unclaimed property laws and struggle with how best to implement sufficient internal controls and reporting procedures. With an emphasis on compliance with Sarbanes-Oxley regulations, it is imperative that your company has proactively ensured that you are properly filing to the appropriate state jurisdiction and are in compliance. This teleconference will provide a foundation and a greater understanding relating to the purpose of the laws, what every company should know and understand about the consequences if found not to be in compliance, and proactive measures to achieve internal best practices and compliance. This teleconference will also discuss the latest state regulatory requirements, various cases, enforcement efforts, voluntary disclosures and state legislative updates.

What Is Unclaimed Property?

Why Should I Care?

Rules of Jurisdiction

Applicable Property Types

Gathering Relevant Data

Critical Considerations for My Company

Systems Analysis and Process Improvement

Getting What You Need out of Your IT Professionals

Recent Cases and Statutory Updates

Best Practices and Next Steps

Helpful Resources and Hints

• Certified public accountant in North Dakota and Minnesota
• Focuses on unclaimed property and assists companies with various aspects of unclaimed property compliance, such as analysis and quantification of potential unclaimed property liabilities, voluntary disclosure initiatives, and the development of comprehensive policies and procedures
• Co-authored the article “Unclaimed Property: Wanted or Not,” IL CPA’s Insight Magazine, February 2009
• Prior to joining Thomson Reuters, he was in a similar position as a senior consultant with Deloitte & Touche LLP
• Member of the Unclaimed Property Professionals Organization – Finance Committee Chair, American Institute of Certified Public Accountants, North Dakota Society of Certified Public Accountants, Minnesota Society of Certified Public Accountants and Association of Certified Fraud Examiners
• B.S. degree from University of Mary
• Can be reached at Christopher.Jensen@ThomsonReuters.com

• Senior manager, Unclaimed Property Group with Thomson Reuters
• Previously, senior manager in the Deloitte & Touche LLP National Unclaimed Property Services Group for nine years
• Previously the unclaimed property manager for Prudential Financial
• Concentrated in the field of unclaimed property since 1984, and assisted major corporations with compliance reviews and multistate unclaimed property audit defenses
• Extensive experience assisting clients with the preparation of state unclaimed property filings, due diligence mailings, and the design and implementation of unclaimed property policies and procedures
• Widely recognized and developed unclaimed property policies and procedures cited as examples of best practices within the unclaimed property community
• Frequent speaker at unclaimed property seminars around the country and co-authored articles on unclaimed property issues
• M.B.A. degree, Monmouth University
• B.A. degree, Rowan University
• Can be reached at Kathy.Moyer@ThomsonReuters.com or 609-412-0866

• Senior business process consultant of the Unclaimed Property Group with Thomson-Reuters
• Serves as leader and subject matter specialist for unclaimed property related issues involving business processes and systems analysis
• Nationally recognized subject matter expert in the area of business process improvement and IT strategy
• More than 30 years of experience, including 20 years of consulting to an array of industries, nine years as a CIO and was one of the founding partners of Andreoli, Johanson and Wood, CPAs, focusing extensively in unclaimed property consulting services
• Published two books on business process improvement in addition to more than 100 articles on various management topics focused around improving organizational alignment and long-term sustainable growth
• Previously served as the president of The Natural Intelligence Group
• Currently conducts workshops for a local Washington state college on organizational change management
• Frequent presenter at national conferences and maintains SME status with www.gantthead.com, the world’s largest IT/project management internet content portal
• Bachelor’s degree in business, University of Southern California and subsequently became a CPA
• Served more than five years with a national accounting firm before forming AJW
• Served as the CIO for Showboat, Inc., a major gaming and hospitality company
• After leaving Showboat, formed The Natural Intelligence Group, delivering business process improvement and IT consulting services to the insurance, vehicle valuation, manufacturing, distribution, gaming and other industries

• AIPB
• CPE
• IAPP
• Additional credit may be available upon request. Contact Lorman at 866-352-9540 for further information.