Restatement project controller must resolve whether inventory exists

Situation

Revenue Integrity work in a construction contractor on percentage-of-completion now turns on inventory exists or is because a Big 4 inquiry on cutoff testing put ghost-employee payroll extract in play. Restatement project controller should say what ghost-employee payroll extract proves.

Decision

Restatement project controller in a construction contractor on percentage-of-completion must choose Inventory exists / Is only on paper using ghost-employee payroll extract after a Big 4 inquiry on cutoff testing.

Hypotheses to test

• Restatement project controller can defend Inventory exists from ghost-employee payroll extract after a Big 4 inquiry on cutoff testing in a Forensic Accounting challenge.
• Restatement project controller cannot defend Inventory exists from ghost-employee payroll extract; Is only on paper is what the extract actually supports after a Big 4 inquiry on cutoff testing.
• A Big 4 inquiry on cutoff testing never reached the population in ghost-employee payroll extract — reopen intake, do not close inventory exists or is.
• Two facts in ghost-employee payroll extract after a Big 4 inquiry on cutoff testing conflict for restatement project controller; hold this Revenue Integrity file.

Analysis required

• Reconstruct vendor, journal, or inventory lines in ghost-employee payroll extract through the window opened by a Big 4 inquiry on cutoff testing.
• Trace approval, SoD, and related-party links that ghost-employee payroll extract actually shows.
• Test cutoff, reversals, and system-of-record ties for materiality on inventory exists or is.
• For this Forensic Accounting Revenue Integrity file, read ghost-employee payroll extract against a Big 4 inquiry on cutoff testing and write the one fact that would move inventory exists or is for restatement project controller.

Recommendation

Choose Inventory exists / Is only on paper on this Forensic Accounting / Revenue Integrity packet (ghost-employee payroll extract after a Big 4 inquiry on cutoff testing). Lead with the Forensic Accounting option ghost-employee payroll extract can support after a Big 4 inquiry on cutoff testing, then the two facts that force it, then the Monday action for restatement project controller in a construction contractor on percentage-of-completion.