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Wireless Telecommunications

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Unclaimed Property

Company: Wireless Telecommunications
 
Revenue: Wireless $108 billion
 
Ownership: Public
 
Service: Unclaimed Property Consulting
Audit Defense
Diagnostic Review

What True Partners did

True Partners provided audit defense consulting during an unclaimed property ("UP") audit for a single jurisdiction, which resulted in the identification of areas of potential previously unreported UP exposure. True Partners then performed a qualitative review to identify all areas of potential UP exposure and provided recommendations for improving inefficiencies, redundancies and/or weaknesses in the existing UP processes, policies, and procedures.

Benefit

  • Estimated savings of $1.1 million for audit with a single jurisdiction
  • Identified over $6 million in potential exposure for previously unreported properties in various other jurisdictions
  • Provided qualitative assessment of exposure associated with all unreported property types
  • Provided industry leading "best practice" recommendations for improving existing processes, policies and procedures to mitigate exposure risk

Contact Information: Managing Director
Cathleen Bucholtz
213.417.2501
Cathleen.Bucholtz@TPCtax.com

 

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