1. (a) Identify the time period to be covered by the unclaimed property examination and describe the general examination methods to be employed, including sampling and estimation;
2. (b) Identify, in writing, the State Controller's Office examination liaison to whom the third-party auditor is accountable, including his or her full name, title, address, email address, telephone and facsimile number, and advise the holder that it is free to discuss the examination directly with the liaison at any time regarding allegations of misconduct, unethical behavior, or potential disagreements relating to legal authority;
3. (c) Identify, in writing, each and every third-party auditor, third-party auditor representative, employee, and agent who will take part in the unclaimed property examination;
4. (d) Explain the holder's appeal rights, the appeal procedures, and the third-party auditor's responsibility during the appeal process;
5. (e) Fully disclose to the holder its fee arrangement with the State Controller's Office;
6. (f) Explain and describe the phases of the examination, which typically include the phases listed in Sections 1180.028 through 1180.032 of this Article; and
7. (g) Explain and describe the types of information and data that the third-party auditor may be requesting and that the third-party auditor may request that the data and information be produced electronically.

During the opening conference, a third-party auditor shall:

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).