Assess whether books should be restated or merely adjusted (b1aef7)

Situation

Occupational Fraud work in a construction contractor on percentage-of-completion now turns on books should be restated because a whistleblower email to the hotline put related-party customer map in play. External counsel's accounting expert should say what related-party customer map proves.

Decision

External counsel's accounting expert in a construction contractor on percentage-of-completion must choose Books should be restated / Merely adjusted using related-party customer map after a whistleblower email to the hotline.

Hypotheses to test

• A whistleblower email to the hotline is noise around an already-controlled Occupational Fraud process in a construction contractor on percentage-of-completion, given related-party customer map.
• A whistleblower email to the hotline is the event in related-party customer map that forces Books should be restated for external counsel's accounting expert under Forensic Accounting.
• Related-party customer map shows a one-file miss after a whistleblower email to the hotline, not a Occupational Fraud program failure.
• Related-party customer map cannot decide books should be restated yet after a whistleblower email to the hotline; hold is the only Forensic Accounting close a construction contractor on percentage-of-completion can defend.

Analysis required

• 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 related-party customer map through the window opened by a whistleblower email to the hotline.
• Trace approval, SoD, and related-party links that related-party customer map actually shows.
• For this Forensic Accounting Occupational Fraud file, read related-party customer map against a whistleblower email to the hotline and write the one fact that would move books should be restated for external counsel's accounting expert.

Recommendation

Choose Books should be restated / Merely adjusted on this Forensic Accounting / Occupational Fraud packet (related-party customer map after a whistleblower email to the hotline). The follow-on Occupational Fraud action is what external counsel's accounting expert does next: implement the option, assign an owner, and log the missing fact.