Contributions Receivable

[Guest ELomotan]

I'm auditing a plan where there were contributions that were received by the investment account during the last few days of the year but not actually allocated to the participant's accounts until the beginning of the following year. So there is a difference between the trust statement's contributions received and the recordkeeper's contribution amount. Would you report this last deferral as a receivable to the plan, even though the money was already received by the investment account?

[Bird]

I wouldn't.