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After completing an audit of financial records and they are accurate what kind of a statement should I make to the board?
If you don't know the answer to this question, then you obviously are not qualified to perform an audit (at least not a GAAP / GAAS / GAGAS, etc ). To answer question however, you would prepare an audit report which would be included in the financial statements, you would prepare a communication regarding internal controls to the board and you would also have a closing conference which would include the board and possibly management.
What else can I help you with?
What are the potential consequences of not keeping records?
Not keeping records can lead to financial loss, legal issues, and inefficiency in business operations. It may result in inaccurate financial reporting, missed deadlines for tax filings, and difficulty in tracking business performance. Additionally, lack of records can make it challenging to prove compliance with regulations and may hinder decision-making processes.
What is the net worth of Motown records?
As of now, Motown Records does not have a publicly disclosed net worth, as it is a division of Universal Music Group, which is a private company. The financial specifics of Motown itself may not be detailed separately in public records. However, Motown is historically significant and has been influential in the music industry, contributing to the overall value of its parent company.
Did Donald knobelsdorf serve in Vietnam?
There is no widely available information regarding an individual named Donald Knobelsdorf serving in Vietnam. It is possible that he is not a public figure or that detailed records of his service are not accessible. For accurate information, it may be best to consult military service records or databases.
What is Adjustment Note on above?
An Adjustment Note is a document issued to correct errors in a previously issued invoice, typically detailing changes in quantities, prices, or terms. It serves to adjust the accounts receivable or payable, ensuring accurate financial records. This note is important for maintaining transparency and accuracy in accounting practices, often used in business transactions to reflect agreed-upon modifications between parties.
What statement about Louis XIV is an opinion rather than a fact?
An opinion about Louis XIV might be that he was the greatest monarch in French history. This statement reflects a subjective judgment based on personal values and interpretations of his reign, rather than an objective fact. In contrast, a fact would be that he ruled France for 72 years, which can be verified through historical records.
Why is important to keep accurate financial records?
yea
Are Accounts records of increases and decreases in individual financial statement items?
NO, The ledger does
What the meaning of reconciliation statement?
A reconciliation statement is a financial document that compares two sets of records to ensure consistency and accuracy between them, typically involving bank statements and a company's cash account. It identifies discrepancies, such as outstanding checks or deposits in transit, and explains any differences. This process helps ensure that the financial records are accurate and compliant, providing a clearer picture of a company's financial position. Ultimately, it aids in maintaining the integrity of financial reporting and management.
Your father has a well-known reputation for keeping accurate financial records?
reputation
What does a County Auditor do?
The County Auditor is responsible for making sure that county financial records are kept. The County Auditor also makes sure that financial records are accurate.
What does cpt mean on a Halifax statement?
The meaning for the abbreviation of CPT on a Halifax statement is cash point. The term CPT is commonly used on various financial documents and records.
What are the Benefits of a financial statement audit?
So that the company will know how much it has made and how much it has in loss and to improve.
Who is responsible for maintaining records?
Individuals, businesses, and organizations are responsible for maintaining their own records. This includes keeping track of financial transactions, legal documents, and other important information. Maintaining accurate records is crucial for tax compliance, financial planning, and overall organizational efficiency.
Which of the word choices below is not an adjective in this sentence your father has a well known reputation for keeping accurate financial records?
reputation
What do you most likely keep in a database?
Important records, such as a financial statement is an item that you would be most likely to keep in a database.
What is ment by accounting?
Accounting is the keeping of financial accounts. Those who work in accounting are responsible for keeping accurate financial records, and providing reports to business owners, managers, and stockholders.
How do you complete a financial analysis on a company?
There are many steps to completing a financial analysis on a company , you would need to have all tax records , company accounts and files. Once those are obtained you could accurately analyze the company.
