T/F Tuesday Answer: FALSE! While there are many types of “audits”, usually audits are designed to look at an overall picture for a year with a limited percentage of transactions being reviewed. An audit can be an in-depth look at one particular item or area within an accounting over a short period of time. MAR or Municipal Accounting Review is to look and understand EVERY transaction that takes place within an entity’s bank account for several years, both money in and money out. #ConstitutionMatters
Follow the Money! with Alan Myers – True or False Answer!
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