In addition to providing convenient Due Diligence and reporting services to reduce your unclaimed property administrative burden, MarketSphere’s team of experts can provide support and guidance before, during and after an audit—just as an attorney helps organizations prepare for and navigate lawsuits.
The MarketSphere audit team offers more than a century of combined audit, corporate and government expertise. Many of us have worked as state administrators and auditors with the industry’s largest and most recognized audit firms, so we can advise you with confidence. We’ve been through the audit process hundreds of times, helping clients conduct Exposure Assessments and acting as expert advocates. We can negotiate Voluntary Disclosure Agreements (VDAs) on your behalf if you are eligible, educate staff and leaders, manage and expedite audits from beginning to end and improve audit results.
Through our Audit Defense & VDA Advisement services, we have saved hundreds of clients millions of dollars in penalties and interest assessments. We know how to limit the scope and liability of an audit. Our unique Just Right™ Compliance process helps you uncover commonly missed exemptions, accurately calculate escheatment responsibilities and avoid either under-escheating or over-escheating. Resulting savings could help pay for services. Compliance Enhancement before or after an audit helps you avoid an audit in the first place by finding owners and achieving proper compliance.