Has anyone experienced a mismatch/difference in the
reconciliation of the "Other" account step of the audit ?
I have a ward who had one during the audit, and will be
going to examine their finances, but am wondering what
I should be looking for. I thought CUBS was supposed to
do away with these types of problems.
Discuss questions around local unit policies for budgeting, reconciling, etc. This forum should not contain specific financial or membership information.
2 posts • Page 1 of 1
Here are some possible sources of mismatches:
- The Income/Expense report used for this audit step did not specify the correct date range (it should definitely end on June 30 for the midyear audit, so I always choose January 1-June 30)
- A number was transcribed incorrectly, either from the Inc/Exp report or from the Unit Financial Statement
- There was an outstanding item of some sort (e.g., a deposit made on June 30)
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