Description
The Washington State Department of Revenue is seeking a qualified auditing firm to perform comprehensive unclaimed‑property services nationwide. The work includes reviewing general‑ledger and securities records of holders, assisting entities with self‑audits, and collecting and delivering the recovered property to the State. Compensation is performance‑based, calculated as a percentage of the value recovered, with a capped total fee for the three‑year contract period.
• Conduct General‑Ledger and Securities audits of “holders” and “potential holders” to identify unreported or under‑reported unclaimed property.
• Provide contractor‑assisted self‑audit support, including outreach, guidance, and validation of holder‑prepared reports.
• Deliver recovered cash, securities, or other assets to DOR, submit monthly work‑in‑progress reports, and prepare final audit documentation.
• Earn fees equal to 10 % of the net value of property recovered (reduced to 3 % in limited compliance scenarios), subject to a $2 M ceiling over the base three‑year term with one optional two‑year extension.