How To Avoid A Delaware Unclaimed Property Audit

A great deal has been written about the inordinate time and expense companies experience as result of being subject to a Delaware unclaimed property audit. In addition to the inconvenience of opening the organizations books and records to a third party contingent fee auditor, there is the uncertainty associated with how many internal and external resources will be required to satisfy the number of auditor initiated information document requests over the course of the audit period, which tends to range between two to four years (or longer).

An executive at a large industrial corporation that was charged with the responsibility of managing a Delaware audit said: "I don't have to worry about going to hell, because I am living in it now." This sentiment perfectly summarizes the current audit experience.