Is cutoff discrepancy considered an internal control issue


Problem

Is cutoff discrepancy considered an internal control issue? For example, at year end an audit adjustment of 4M is required due to ledgers not being reconciled in a timely manner.

Request for Solution File

Ask an Expert for Answer!!
Accounting Basics: Is cutoff discrepancy considered an internal control issue
Reference No:- TGS03330355

Expected delivery within 24 Hours