Staying Prepared for Your Annual Audit

General News

Summary

In today’s economic and political climate, there is tremendous scrutiny of the public sector’s capital allocation because the results are widely published. Accounting records must provide meaningful, reliable, accurate and timely information to the many persons and groups with legitimate interests in the financial affairs of an organization. Fiscal year totals are required to prove the accuracy of the amounts paid and collected. Quarter year totals are required for reporting tax withholdings or Social Security information to Federal and State government. Auditors pay close attention to the description on journal entries because it is an explanation of why the transaction was made.

Classifications

industries
Fintech & Banking
applications
Accounting and Taxes

AskAI Classifications

Labels
Software ERP Software SaaS

Linked Companies

RDA Systems, Inc.
$1M to $5M