Balance Sheet Reconciliation Certification
Requires every balance sheet account to be reconciled to independent support monthly, certified by preparer and reviewer, with aged items driven to resolution.
Why This Matters
The income statement gets the attention, but the balance sheet is where problems hide: stale deposits, unapplied credits, suspense balances nobody owns. An account 'reconciled' to a listing of unexplained items is not reconciled. Certified reconciliations are the property's early warning system for both error and fraud.
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