Managing Director Bob Peters comments on Delaware’s aggressive collection of unclaimed property and the state’s voluntary disclosure program. The author cites Duff & Phelps survey data to highlight the number of companies who may be at auditing risk due to false assumptions regarding unclaimed property requirements. Duff & Phelps’ specific recommendations for managing and identifying unclaimed property are also included.
For comprehensive information, read The State of Unclaimed Property produced by Duff & Phelps in coordination with the Financial Executive Research Foundation.