In a new regular feature, Barganier will be profiling unclaimed property audits that went awry. These audits provide insight into the auditor's methods and motives, as well as stress the importance of ongoing compliance.
What happens when a Delaware Voluntary Disclosure Agreement (“VDA”) goes bad? In the case of Computer Associates, Inc. (“CA”), the VDA is terminated and Delaware opens a full blown audit. CA had an initial VDA estimate of $685,000 in 2005. When CA and Delaware finally settled under litigation in February 2010, CA paid $17,650,000 to the state.