Revenue-integrity director must resolve whether a referral to counsel

Situation

In a distributor with offshore trading affiliates, AP vendor-master change log is the evidence after a PE quality-of-earnings request arriving Friday. Revenue-integrity director has to pick Remove access or reverse the item or Temporary compensating control for this Forensic Accounting Revenue Integrity close using AP vendor-master change log.

Decision

Revenue-integrity director in a distributor with offshore trading affiliates must choose Remove access or reverse the item / Temporary compensating control / Approve a documented exception / Hold using AP vendor-master change log after a PE quality-of-earnings request arriving Friday.

Hypotheses to test

• Authorize Remove access or reverse the item now; AP vendor-master change log already has the discriminator after a PE quality-of-earnings request arriving Friday.
• Keep Temporary compensating control in force until AP vendor-master change log is completed after a PE quality-of-earnings request arriving Friday for revenue-integrity director.
• Treat AP vendor-master change log as Approve a documented exception because both readings appear after a PE quality-of-earnings request arriving Friday.
• Refuse a Forensic Accounting close: revenue-integrity director does not have the page a referral to counsel is warranted turns on in AP vendor-master change log.

Analysis required

• Separate a close-process miss from a qualitative SAB 99 issue in a distributor with offshore trading affiliates.
• Reconstruct vendor, journal, or inventory lines in AP vendor-master change log through the window opened by a PE quality-of-earnings request arriving Friday.
• Trace approval, SoD, and related-party links that AP vendor-master change log actually shows.
• For this Forensic Accounting Revenue Integrity file, read AP vendor-master change log against a PE quality-of-earnings request arriving Friday and write the one fact that would move a referral to counsel is warranted for revenue-integrity director.

Recommendation

Choose Remove access or reverse the item / Temporary compensating control / Approve a documented exception / Hold on this Forensic Accounting / Revenue Integrity packet (AP vendor-master change log after a PE quality-of-earnings request arriving Friday). The follow-on Revenue Integrity action is what revenue-integrity director does next: implement the option, assign an owner, and log the missing fact.