Audit Adjustment Reverses Holdback Cheque to MarWest Industries
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Description
During the 2025 audit, a cheque issued to MarWest Industries for a holdback payable was reversed through an adjusting entry, reflecting corrections in how the Village recorded payments under an existing construction engagement. The underlying contract details are not altered by this accounting adjustment.
Contract Details
Vendor
MARWEST INDUSTRIES
Agency
Village of Fruitvale, Canada
Contract Type
CONSTRUCTION
Document Date
May 11, 2026
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