This financial statement audit exercise is designed to test your understanding of the presentation, composition, and interconnectivity of the most basic financial statements and footnotes. Numbers present in financial statements and footnotes should be consistent throughout the document. If a number is present in the balance sheet, income statement or any other primary financial statement and is further disclosed in a footnote, the information should be consistent in both places. Calculations inherent in the financial statements and footnotes should also be appropriate. If your balance sheet presents total current assets or total equity and liabilities, the component pieces of those totals should calculate to the appropriate sum. Footnote disclosures made verbally versus table format should agree to numbers present in the primary financial statements of other footnotes in the document