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That would never fly with a real audit. You’d perform a triple tie out and the incoming cash transaction would have to be recorded. And you never do a single da
by dd36 4y ago
That would never fly with a real audit. You’d perform a triple tie out and the incoming cash transaction would have to be recorded. And you never do a single day.
- acjohnson55 4y agoProbably why very few of these organizations do real audits.
- pifm_guy 4y agoThe audit documents make clear they are point-in-time. I'm sure if they could do an audit for a full year/quarter, they would. But they didn't, so they can't.
- dd36 4y agoThey can. Anyone that won’t should be shut down immediately.