Finding Text
Review General Ledger Transactions
Our audit revealed that several transactions were posted to incorrect accounts. In order to maintain accurate account balances, it is imperative that the transactions are properly recorded in the general ledger. This occurred due to management oversight. Failure to review the general ledger monthly could result in errors or irregularities to go undetected.
Recommendation
We recommend that management review the transaction posted in the general ledger monthly and investigate any incorrect posting to the accounts.