Discrepancies between obligations and accounting records are resolved during what review?

In financial management, ensuring that obligations align with accounting records is crucial for maintaining accurate financial reporting and internal controls. The Dormant Account Review-Quarterly (DAR-Q) is specifically designed to identify and resolve discrepancies between the obligations recorded and the actual accounting records. During this review, any inconsistencies can be identified, investigated, and rectified, thus ensuring that financial statements accurately reflect the organization’s liabilities and obligations.

This type of review is particularly important for accounts that may not be actively monitored, as it allows for a systematic examination of accounts that might otherwise be overlooked. By regularly conducting DAR-Q reviews, an organization can enhance its financial integrity and make informed decisions based on accurate data.

Other types of reviews, such as annual reviews or quarterly audits, might focus more on overall compliance and trends rather than specifically addressing discrepancies in obligations and records. Financial oversight reviews may include a broader assessment of financial operations and compliance but do not specifically target the resolution of discrepancies in the same structured manner as a DAR-Q. This focus on dormant accounts and discrepancies is what makes the DAR-Q the correct choice in this context.