Craft the memo you will send to Pat about the errors you found during the reviews.

Pick three distinctive errors Pat made and explain what Pat did incorrectly, and based on the rules of debits and credits, along with US GAAP, how it should be corrected. Be sure to do this in a way for Pat to understand.

Using your best leadership tools, discuss your expectations of Pat going forward with this new knowledge.

**Using research, discuss the ramifications for a company that does not find these errors and releases financial statements with errors.