All of UPRR’s services are designed to minimize risk for your company and prevent future liability such as interest or penalty assessments, which have become increasingly common. UPRR’s risk management and compliance assessment services are always custom tailored to meet your company’s needs.
UPRR provides direct support to companies that are subjected to an unclaimed property audit by state officials or their third-party audit agents. Throughout the audit, UPRR can serve as liaison with the appropriate state personnel, or simply provide the necessary support to minimize exposure as efficiently as possible. UPRR provides your company with potential audit liability and works with you to devise and implement strategies for minimizing your exposure.
Compliance Assessment/Procedures Development
UPRR works with your company to determine your company’s level of compliance with complex state escheatment laws and applicable federal regulations. Based on the results, UPRR will provide detailed recommendations designed to enhance best practices while reducing your company’s risk of future liability.
As a part of the compliance plan, UPRR can develop annual compliance procedures or suggest modifications to existing procedures. These procedures would be designed to prevent future liability by achieving on-time, accurate compliance with all jurisdictions in a cost-effective manner.