Asset Register Updated
Just like to see whether any one else has had the following scenario and what they did, if anything.
I'm preparing accounts for a client, second year of acting for them, and have requested an update record of assets held as the previous accountant never supplied a register nor, as it seems, ever prepared one. Having received my clients list of current assets held it bears no resemblance to the assets on the balance sheet! Turns out for seven years no checks were made for any additions/disposals thus the balance sheet is inaccurate. Anyone else had this problem? Any thoughts be appreciated