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Any family lawyers here?
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As someone who worked in audit, yeah that pretty much sums it up, when the audit team is testing an account they’d want the support documents that arrives at the balance, the probably some samples like invoices for AP/AR. You’d need to know where to pull those numbers from and would be super helpful if you know the ins and outs on how do we arrive at the numbers and the processes
Ahh gotcha. I'm someone who has folders and subfolders and subsubfolders and nearly always downloads any and all supports as soon as anything is being booked. It's always seem on job postings so I thought it was something big that I haven't learned yet.
Okay. As long as I keep things organized and know where to pull data if it's not in the folders. That clears it up. Thanks!
That's basically all it is. So you can pull every file they ask for and having documentation to back up any adjustments or anything out of the ordinary.