Finding Text
2022-001 Fair Presentation of Financial Statements Criteria: Management is responsible for performing adjustments to the general ledger in order to be in conformity with generally accepted accounting principles. Condition: Material adjusting entries were prepared to ensure the financial statements were presented fairly. Cause: The Entity lacks the training to apply generally accepted accounting principles in recording the transactions to the general ledger. Effect: The possibility exists that the general ledger does not reflect generally accepted accounting principles.