1. (a) The opening conference provides the initial forum for a third-party auditor and the holder to discuss the unclaimed property examination objectives, scope, methodologies, document requests, use of testing and estimation if necessary, the examination closure process, and the informal appeals process. A third-party auditor may exercise its discretion to determine when and how to utilize certain examination processes, including the determination of the sequencing of examination phases, site visits, and response time frames. A third-party auditor may modify such examination processes based upon the circumstances of examination.

2. (b) Prior to the opening conference, a third-party auditor shall provide the holder with:

   1. (1) A confidentiality agreement that complies with either Section 1180.047 or Section 1180.048 of this Article;
   2. (2) A copy of the regulations in Sections 1180.049 through 1180.058 of Article 8 in this Subchapter; and
   3. (3) The Unclaimed Property Informal Audit Review Conference Request incorporated into Section 1180.051 of Article 8 of this Subchapter, and a copy of this Article.

Note: Authority cited: Section 1571, Code of Civil Procedure. Reference: Section 1571, Code of Civil Procedure.

History

1. New section filed 4-22-2025; operative 7-1-2025 (Register 2025, No. 17).