Finding Text
During the course of our audit it was noted that debt, fixed assets and accounts payable are not being reconciled monthly. Criteria: Management should reconcile all debt, fixed assets and accounts payable accounts monthly to prevent errors from compounding. Cause: Unknown Effect: Unrecorded activity was noted throughout the year. Recommendation: All debt, fixed assets and accounts payable should be reconciled monthly Management Response: Management will reconcile all debt, fixed assets and accounts payable accounts monthly.