California Code of Regulations
Title 2 - Administration
Division 2 - Financial Operations
Chapter 2 - State Controller
Subchapter 8 - Unclaimed Property Law
Article 8 - Reviewing the Results of an Audit
Section 1180.049 - Audit Review Process Overview

(a) The holder shall be advised of its right to seek review of the final audit results, during the opening conference (the "Audit Review Process"), during the exit conference, and in the final audit billing notice.

(b) The holder's participation in the Audit Review Process is voluntary and is not a condition precedent to litigation.

(c) The holder shall have the right to seek review of a final audit billing notice by an Audit Review Panel. Review shall be sought by written request.

(d) The Audit Review Panel shall have the power to correct findings and assessments made in the audit. The Audit Review Panel shall have the power to decrease or increase the amount found due in the billing notice, as well as determine that the amount due in the billing notice is correct. The Audit Review Panel shall provide the holder an opportunity to present its position at an Audit Review Conference to be held either in person or by remote communication.