Assess whether a referral to counsel is warranted after a tax-authority

Situation

After a tax-authority information document request, AP vendor-master change log is what audit-committee advisor can touch in a distributor with offshore trading affiliates. Forensic Accounting will live with Remove access or reverse the item versus Temporary compensating control on this Occupational Fraud file.

Decision

Audit-committee advisor 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 tax-authority information document request.

Hypotheses to test

• AP vendor-master change log reads as Remove access or reverse the item once a tax-authority information document request is lined up to the same Forensic Accounting population.
• AP vendor-master change log is closer to Temporary compensating control after a tax-authority information document request; Remove access or reverse the item would over-claim this Occupational Fraud extract.
• Approve a documented exception is still live in AP vendor-master change log for audit-committee advisor in a distributor with offshore trading affiliates.
• AP vendor-master change log is missing the fact audit-committee advisor needs after a tax-authority information document request; stop this Forensic Accounting close.

Analysis required

• Quantify the entry if audit-committee advisor has to reverse it.
• 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 tax-authority information document request.
• For this Forensic Accounting Occupational Fraud file, read AP vendor-master change log against a tax-authority information document request and write the one fact that would move a referral to counsel is warranted for audit-committee advisor.

Recommendation

Choose Remove access or reverse the item / Temporary compensating control / Approve a documented exception / Hold on this Forensic Accounting / Occupational Fraud packet (AP vendor-master change log after a tax-authority information document request). The follow-on Occupational Fraud action is what audit-committee advisor does next: implement the option, assign an owner, and log the missing fact.