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Review of Escheated Warrants, Iowa Department of Revenue and Finance

Issued on  | Posted on  | Report number: A-07-99-01042

Report Materials

EXECUTIVE SUMMARY:

This final report provides the results of our limited review of escheated warrants (uncashed and unclaimed checks) processed by the Iowa Department of Revenue and Finance (Department), Des Moines, Iowa. Our objective was to assess the effectiveness and efficiency of the Department's procedures for identifying, crediting, and reporting the Federal share of escheated warrants processed during the 12-month period ended June 30, 1998. Based on our review, we conclude that the Department's procedures for processing escheated warrants were adequate.


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