The Inevitability of Escheatment Audits: Minimizing Your AP Exposure

By Karen Anderson, Senior Compliance AdvisorAbandoned Property Services, LLC Accounts payable professionals are increasingly being asked to implement new procedures and safeguards for ensuring that accounting standards, privacy regulations, and/or company policies are followed. The threat of internal or external audit and possible sanctions looms for those who are not vigilant and diligent. Compliance with...