Unclaimed Property Audit Execution

The contract calls for the execution of audits on businesses and individuals to locate dormant financial assets that may be subject to Michigan’s escheat laws, ensuring compliance with Generally Accepted Auditing Standards and state-specific regulatory requirements. Auditors are expected to systematically examine records and financial activity to identify unclaimed property such as unpaid wages, uncashed checks, forgotten bank accounts, and other abandoned funds, with the goal of returning these assets to their rightful owners or surrendering them to the state as mandated by law. This subcontract, published by the Michigan Department of Treasury, is open for response until August 6, 2026, and applies to performance across various locations within the state. The work falls under NAICS code 541611, indicating it involves accounting, auditing, and bookkeeping services. While no set-aside provisions are specified, the nature of the work requires deep familiarity with Michigan’s unclaimed property statutes and the ability to conduct detailed, defensible audits using GAAS-compliant methodologies. All audit findings must be accurately documented and reported in accordance with state guidelines to ensure legal and procedural integrity.