Sat.Jan 20, 2018 - Fri.Jan 26, 2018

article thumbnail

Jan 20, Correct for mistakes from a decade ago

Bookkeeping Essentials

I'm helping to clean up the balance sheet of a small non-profit. The Paypal bank account has never been reconciled (!) and is about $10,000 off (!!!

article thumbnail

What Comprises of Financial Statement Audit Report?

Billah and Associates

The purpose of a financial statement audit is to determine the fairness of an entity’s financial statements according to the GAAP (Generally Accepted Accounting Principles), by an independent auditor. Fairness here can be broken down as the financials being presented are correct and in the proper formats/methods. A Financial statement audit report simply is the document, with which the auditor or the accounting audit service presents their findings in a standardized manner.