As an additional form of concealment, as is often the case, the debits were first made to suspense accounts before being moved to various balance sheet accounts
that included property, plant, and equipment ($1 billion), and cash ($373 million).
Like the flows that are recorded in the other accounts for the rest of the world, the balance sheet account
for this sector presents a mirror image of the international investment position reported in the international transactions accounts.
Twelve of these companies were reconciled by examining the change in the respective balance sheet account
However, items not relating to specific balance sheet accounts
Finally, regardless of whether misstatements are determined using the iron curtain or rollover approach, note that sometimes it may not be enough to merely correct current-period financial statements for the effects of errors in closing balance sheet accounts
Balance sheet account
reconciliations are one of the oldest and most important accounting processes.
The second major requirement for the statement of cash flows is the reporting of cash receipts and cash payments at gross or as a net change in balance sheet account
A common approach to this is "risk ranking" balance sheet accounts
with a designation of high, medium, or low.
Opportunities exist to catch errors and fraud by reconciling non-balance sheet accounts
in addition to reconciling balance sheet accounts
Chapters discuss essential macroeconomic aggregates, distinguishing between volume and price increases, international comparisons, production data, defining final uses of gross domestic product, the household account, business accounts, the financial and balance sheet accounts
, the general government account, the input- output table and integrated economic accounts, and the machinery of data compilation and reporting.
Technology should increase its emphasis on monitoring significant balance sheet accounts
for smaller companies.