Assess whether bonus triggers were gamed by cutoff from intercompany

Situation

Revenue Integrity work in a construction contractor on percentage-of-completion now turns on bonus triggers were gamed because a PE quality-of-earnings request arriving Friday put intercompany elimination mismatch report in play. Restatement project controller should say what intercompany elimination mismatch report proves.

Decision

Restatement project controller in a construction contractor on percentage-of-completion must choose Remove access or reverse the item / Temporary compensating control / Approve a documented exception / Hold using intercompany elimination mismatch report after a PE quality-of-earnings request arriving Friday.

Hypotheses to test

• Restatement project controller can defend Remove access or reverse the item from intercompany elimination mismatch report after a PE quality-of-earnings request arriving Friday in a Forensic Accounting challenge.
• Restatement project controller cannot defend Remove access or reverse the item from intercompany elimination mismatch report; Temporary compensating control is what the extract actually supports after a PE quality-of-earnings request arriving Friday.
• A PE quality-of-earnings request arriving Friday never reached the population in intercompany elimination mismatch report — reopen intake, do not close bonus triggers were gamed.
• Two facts in intercompany elimination mismatch report after a PE quality-of-earnings request arriving Friday conflict for restatement project controller; hold this Revenue Integrity file.

Analysis required

• Quantify the entry if restatement project controller has to reverse it.
• Separate a close-process miss from a qualitative SAB 99 issue in a construction contractor on percentage-of-completion.
• Reconstruct vendor, journal, or inventory lines in intercompany elimination mismatch report through the window opened by a PE quality-of-earnings request arriving Friday.
• For this Forensic Accounting Revenue Integrity file, read intercompany elimination mismatch report against a PE quality-of-earnings request arriving Friday and write the one fact that would move bonus triggers were gamed for restatement project controller.

Recommendation

Choose Remove access or reverse the item / Temporary compensating control / Approve a documented exception / Hold on this Forensic Accounting / Revenue Integrity packet (intercompany elimination mismatch report after a PE quality-of-earnings request arriving Friday). The follow-on Revenue Integrity action is what restatement project controller does next: implement the option, assign an owner, and log the missing fact.