Quote:
Originally Posted by John Mercier
So when you do an audit... you can't see an unusually high expenditure level in the last quarter? Or you don't think to question it?
You had to be told...
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Not necessarily. You know yourself, if you are building house, you have big expenditures in lumps. Framing, roofing, window package etc. I doubt if an auditor would know much about how purchases happen. If it was sudden a huge sum at the end, like hundreds of thousands, they might question it but other than that, no I don't think an auditor would catch it. A library might have a big purchase of book. Public works could have a big salt purchase. It could be anything.