The third-party auditor is required to prepare working papers that provide documentary evidence of the work performed in the unclaimed property examination. The working papers are a record that shall be understandable to other auditors many years later, whether or not the auditor preparing the working papers is available. Each working paper shall “stand alone” and include adequate cross-references. The format for individual working papers shall comply with Sections 1180.037 through 1180.041 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).