Answer: Involve an accounting professional in year-end account reviews to ensure accuracy.
Trend: Timely reconciliation of account balances is crucial to meet grant deadlines.
List: Follow up by scheduling reviews with accounting staff and setting deadlines for reconciliations.
Finding Text
We recommend that the review of all year-end account balances include an accounting professional to validate the accuracy of all accounts and assist with reconciling account balances timely to meet grant mandated deadlines.