{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"Fynders Keepers","title":"\"We don't have unclaimed property\" is a red flag","html":"<iframe width=\"100%\" height=\"180\" frameborder=\"no\" scrolling=\"no\" seamless src=\"https://share.transistor.fm/e/f5f11590\"></iframe>","width":"100%","height":180,"duration":2325,"description":"Most companies believe they have no unclaimed property. Samantha Petersen says that belief is usually the evidence that they do.\nThe exposure rarely appears on the books, because writing uncashed checks and credit balances off to income has been standard practice at many companies for decades. The liability does not disappear with the entry. For public companies it can sit inside the financial statements as an undisclosed loss contingency, and in an acquisition it transfers straight to the buyer.\nSamantha has spent over 30 years in unclaimed property compliance. She is a certified fraud examiner, founder of the Petersen Group, and a former KPMG practice leader. She joins AssetFynd CMO Shaun Jackson to explain where the exposure hides and what to do when a state comes looking.","thumbnail_url":"https://img.transistorcdn.com/0m__5RBfdLc_6Pe6ub3n3LsB8F_21zK0PvT-lLscjl8/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS82ODM2/MWIzYTY3YThhMzk2/OGZlODg5OTQ1OWQw/NDg3Mi5wbmc.webp","thumbnail_width":300,"thumbnail_height":300}