Assess whether books should be restated or merely adjusted (1d45b5)

Situation

A board bonus that just cleared the hurdle put AP vendor-master change log in front of FCPA investigation lead in a construction contractor on percentage-of-completion. This Forensic Accounting / Related-Party and Corruption Risk close is books should be restated from AP vendor-master change log, and the live options are Books should be restated, Merely adjusted.

Decision

FCPA investigation lead in a construction contractor on percentage-of-completion must choose Books should be restated / Merely adjusted using AP vendor-master change log after a board bonus that just cleared the hurdle.

Hypotheses to test

• AP vendor-master change log reads as Books should be restated once a board bonus that just cleared the hurdle is lined up to the same Forensic Accounting population.
• AP vendor-master change log is closer to Merely adjusted after a board bonus that just cleared the hurdle; Books should be restated would over-claim this Related-Party and Corruption Risk extract.
• A dual reading is still live in AP vendor-master change log for FCPA investigation lead in a construction contractor on percentage-of-completion.
• AP vendor-master change log is missing the fact FCPA investigation lead needs after a board bonus that just cleared the hurdle; stop this Forensic Accounting close.

Analysis required

• Reconstruct vendor, journal, or inventory lines in AP vendor-master change log through the window opened by a board bonus that just cleared the hurdle.
• Trace approval, SoD, and related-party links that AP vendor-master change log actually shows.
• Test cutoff, reversals, and system-of-record ties for materiality on books should be restated.
• For this Forensic Accounting Related-Party and Corruption Risk file, read AP vendor-master change log against a board bonus that just cleared the hurdle and write the one fact that would move books should be restated for FCPA investigation lead.

Recommendation

Choose Books should be restated / Merely adjusted on this Forensic Accounting / Related-Party and Corruption Risk packet (AP vendor-master change log after a board bonus that just cleared the hurdle). If AP vendor-master change log cannot force a Forensic Accounting label under Related-Party and Corruption Risk, stop. If AP vendor-master change log after a board bonus that just cleared the hurdle cannot support Books should be restated versus Merely adjusted on this Forensic Accounting Related-Party and Corruption Risk close, FCPA investigation lead must do not infer a control or scheme beyond the transaction and entitlement evidence.