My client was randomly selected for a state audit of his IOLTA account. We followed their instructions and sent what we felt was more info than they asked for, but the auditor believes there is a $22,000 discrepancy in the selected months (I show a $7.86 discrepancy, which is an IOLTA interest sweep and we stated that).
Apparently we failed on the three point reconciliation. I ran a Funds Running Balance report from Timeslips and the IOLTA register with all detail from Quickbooks and cross checked everything.
I have googled the info and came up with a document from my state (CT) and one from Trust Books. It sounds like I should do an Excel or even handwritten reconciliation to get the third point of reference.