This learning module will cover a basic history of unclaimed property law, the categories of reportable unclaimed property, priority rules, the basic duties imposed on a company by unclaimed property law, company rights regarding unclaimed property reporting, the consequences of not complying with unclaimed property law and problem indicators that may trigger an unclaimed property audit. After successful completion of this learning module the student will understand the basic history of unclaimed property law, including its roots in British Common Law, priority rules and how they dictate what state companies should report their unclaimed property, the basic duties imposed on a company by unclaimed property law, the basic statutory, constitutional and political rights of companies with respect to unclaimed property reporting, the consequences of not complying with unclaimed property law and how to better prepare to assert your company’s interests prior to and/or during an unclaimed property audit.
Valerie Jundt is a Director for the Unclaimed Property Services Group at Thomson Reuters. Her responsibilities include serving as a national liaison for state/corporate relations, marketing and practice development. Val has over twenty-five years of unclaimed property experience in government and at Thomson Reuters. She works closely with clients and states in resolving compliance issues arising from state audits, voluntary compliance initiatives, enforcement actions and law changes. Valerie is a co-author to the Unclaimed Property Treatise published by the Bureau of National Affairs (BNA) in June, 2008 and has been quoted in a number of national publications.
Valerie is a graduate of Dickinson State University (Magna Cum Laude) and completed the Essentials of Management and Leadership Series from Harvard Business School Publishing. She is also an Associate Member of the Association of Certified Fraud Examiners.
Pam Wentz has over 13 years of diverse and extensive unclaimed property experience. Pam works as the Senior Manager for the Unclaimed Property Services Group at Thomson Reuters, specializing in various aspects of unclaimed property consulting and compliance including audit assistance, state voluntary disclosure assistance, risk assessments, and policies and procedures. She has technical expertise in a broad range of industries but in recent months, her primary concentration has been in the oil and gas industry. Pam has been a featured speaker at numerous conferences on this topic and has authored articles for trade association magazines and publications. Pam earned a BA in Accounting from Mount Marty College and an MBA from University of Mary.