Our BOD has three new members with two of us being in accounting, yet we can’t figure out why a loan balance shows up on the financials from the management company but is nowhere on the reviewed financials that are reviewed by our accountant each year. Shouldn’t this liability be showing on reviewed statements too? We are only now being exposed to fund accounting – but it seems odd.
Please drag open the comment box from right bottom corner to make it larger.
Please note that blog comments and postings are not legal advice, rather only the opinions of our readers.