Assess whether inventory exists or is only on paper (1b8868)

Situation

A controller resignation with no documented handoff put bill-and-hold side-letter folder in front of FCPA investigation lead in a construction contractor on percentage-of-completion. This Forensic Accounting / Related-Party and Corruption Risk close is inventory exists or is from bill-and-hold side-letter folder, and the live options are Inventory exists, Is only on paper.

Decision

FCPA investigation lead in a construction contractor on percentage-of-completion must choose Inventory exists / Is only on paper using bill-and-hold side-letter folder after a controller resignation with no documented handoff.

Hypotheses to test

• Authorize Inventory exists now; bill-and-hold side-letter folder already has the discriminator after a controller resignation with no documented handoff.
• Keep Is only on paper in force until bill-and-hold side-letter folder is completed after a controller resignation with no documented handoff for FCPA investigation lead.
• Treat bill-and-hold side-letter folder as Inventory exists because both readings appear after a controller resignation with no documented handoff.
• Refuse a Forensic Accounting close: FCPA investigation lead does not have the page inventory exists or is turns on in bill-and-hold side-letter folder.

Analysis required

• Quantify the entry if FCPA investigation lead 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 bill-and-hold side-letter folder through the window opened by a controller resignation with no documented handoff.
• For this Forensic Accounting Related-Party and Corruption Risk file, read bill-and-hold side-letter folder against a controller resignation with no documented handoff and write the one fact that would move inventory exists or is for FCPA investigation lead.

Recommendation

Choose Inventory exists / Is only on paper on this Forensic Accounting / Related-Party and Corruption Risk packet (bill-and-hold side-letter folder after a controller resignation with no documented handoff). Lead with the Forensic Accounting option bill-and-hold side-letter folder can support after a controller resignation with no documented handoff, then the two facts that force it, then the Monday action for FCPA investigation lead in a construction contractor on percentage-of-completion.