Subject: There is no documented procedure for balance sheet accounts reconciliations at Indigo. On a quarterly basis, the chief accountant reviews the posted transactions and balances of the GL accounts through excel sheets but since this review is not made by comparing and tying out the balances of each GL account to a balance of a supporting document (which would vary for different GL accounts, e.g. it will be the bank statement for a cash-in-bank account, it will be the sub-ledger balance for supplier payable accounts, it will be reports coming from Fintur and other JVs for intercompany accounts, etc) on a monthly basis, it cannot be treated as a mitigating control for not having proper balance sheet account reconciliation proces