OAR 141-045-0123
General Conditions and Requirements of Contract with Contract Auditor

(1)

A contract auditor shall comply with all terms and conditions specified in the contract with the Department.
(2) A contract auditor may not subcontract any work without the prior written authorization from the Department. The contract auditor is responsible for ensuring that any subcontractors used during an examination possess sufficient training and experience to adequately perform the unclaimed property examination and agree to comply with all terms and conditions of the contract auditor’s contract with the Department.
(3) A contract auditor shall possess an ability to examine the records of entities holding various types of unclaimed property.
(4) A contract auditor shall have security procedures in place to ensure that all unclaimed property examination reports and working papers are secure.
(5) A contract auditor shall have the ability to evaluate and comment on the Holder’s procedures and accounting systems related to capturing unclaimed property for present and future reporting period.
(6) A contract auditor shall maintain independence in mental attitude in all matters relating to an examination assignment.
(7) A contract auditor may not engage or present itself as representing the Department in any examination without the prior written consent from the Department.

Source: Rule 141-045-0123 — General Conditions and Requirements of Contract with Contract Auditor, https://secure.sos.state.or.us/oard/view.action?ruleNumber=141-045-0123.

141–045–0005
Purpose 141–045–0010
Definitions 141–045–0015
Who Must File Reports 141–045–0021
Dormancy Periods 141–045–0031
Examples of Unclaimed Property 141–045–0041
Report Forms 141–045–0061
Actions Required of Holders Before Reporting 141–045–0100
Report and Delivery of Unclaimed Property to Department 141–045–0105
Confidentiality of Records 141–045–0115
Requirements of the Department of State Lands to Locate Owners 141–045–0120
Examination of Holder Accounts 141–045–0121
Procedure for Examination of Holder 141–045–0122
Entering into Contract with Contract Auditor 141–045–0123
General Conditions and Requirements of Contract with Contract Auditor 141–045–0124
Contract Auditor Guidelines 141–045–0125
Owner Identification Information 141–045–0126
Appeal of Examination Findings 141–045–0130
Service Charges and Payments of Interest on Deposit Accounts 141–045–0150
Disposition of Unclaimed Property 141–045–0155
Relief From Liability 141–045–0160
Deposit of Funds 141–045–0170
Claims for Recovery of Unclaimed Property 141–045–0180
Penalties 141–045–0185
Disposition of Unclaimed Property, Real Property and Personal Effects

Last Updated

Jun. 8, 2021

Rule 141-045-0123’s source at or.us

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Location: https://oregon.public.law/rules/oar_141-045-0123

Original Source: Rule 141-045-0123 — General Conditions and Requirements of Contract with Contract Auditor, https://secure.sos.state.or.us/oard/view.action?ruleNumber=141-045-0123 (last accessed Jun. 8, 2021).