Ac coun t i ng Tene t s
BE AUDIT READY EVERY MONTH
Our financials are constantly under review. We have an annual audit, an interim audit, and we must submit financial reports to our lenders monthly. We cannot allow unresolved items to sit on our books for unreasonable amounts of time. As much as possible, reconciling items need to be identified and resolved within the same month. For those items that cannot be resolved, sufficient notation and documentation need to exist so that reviewers can understand the issue and have confidence that it is being resolved.
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